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Paying Retail Workers A Little More Could Help Spur Our Economic Recovery
As Americans across the country head out en masse to malls and shopping centers to kickoff the holiday spending season today, it's important to remember that too many of the retail workers bringing us...
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What The Latest High-Frequency Economic Data Says About The Economy
The limited October data released this past week was mainly housing and it was positive, including existing home sales and housing starts. Permits declined slightly from their 4 year high the month...
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JIM O'NEILL: Here's What's Coming Next...
Jim O'Neill, Chairman of Goldman Sachs Asset Management, is out with his 2013 and 2014 global economic outlook.First, here are the expectations, in a handy table. The columns to note, for O'Neill's...
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Congress Is Thinking About A Sneaky New Scheme To Raise Taxes — And A Few...
The primary Fiscal Cliff challenge is this: Democrats insist on raising taxes on the rich. Republicans, who are terrified of Grover Norquist and primary challenges (and who generally hate tax hikes)...
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And Now We're About To See A Big Upward Revision To Q3 GDP...
Just looking ahead to next week’s GDP reading. Here’s some commentary on the expected upward revision, which is obviously going to put recent recession talk to bed (once again). I’m maintaining my...
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There's Part Of The Fiscal Cliff That Hits Workers Directly — And Almost...
The primary focus of the Fiscal Cliff negotiations is the Income Tax. Liberals want the rate raised for high earners. Conservatives don't.The next concern is the sequestration, and in particular the...
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Here's The Excuse For Why Black Friday Sales Were DOWN Nearly 2% This Year
Expect to hear a lot about "pulled forward demand" in the coming weeks.The firm ShopperTrak reported yesterday:ShopperTrak, the world’s largest counter of retail foot traffic, estimates that, when...
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How The Doomers Got It Wrong
Economics blogger Bill McBride was one of the early people to call the housing bubble, and he warned furiously in the years leading up to the collapse that the epidemic of no-doc loans and...
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We're About To Find Out Just How Nervous Businesses Are About The Fiscal Cliff
One of the weak spots in the economy appears to be business investment, and the story that gets told is that it has to do with the Fiscal Cliff, and hesitance to invest around that.A recent Credit...
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The Two Most Important Election Of 2013 In Two Huge Slides
From Nomura's geopolitical guru Alistair Newton, the two most important elections of 2013.Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
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The Egyptian Stock Market Got DESTROYED Today
On its first day of trading following the surprise Thursday evening announcement that President Morsi would expand his power in significant ways, raising the specter that the Democratic revolution that...
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Argentina Nearing Technical Default
Argentina CDS spread has blown out to new highs last week. In spite of Argentina's government driving the nation's economy into the ground (see discussion), this widening was caused by increased risks...
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SHOPPER: Here's Why I Hit The Stores On Black Friday, But Didn't Actually Buy...
Black Friday sales were reportedly down 2% this year, and it's being blamed on early promotions (i.e., stores doing sales on Wednesday and Thursday). However, what's interesting is that foot traffic...
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The Truth About Black Friday: It's Irrelevant [CHART]
Every year, the media and Wall Street devote much horsepower to analyzing Black Friday sales and trying to divine what these mean for holiday sales in general.The answer is, not much.Neil Irwin at the...
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Why Investors And Voters Aren't More Furious About The Fiscal Cliff Sham
Debt limit is a term that creeps into the political lexicon every so often; it happens when America’s legal borrowing limit reaches its congressionally-set upper bound. Since the US nearly always runs...
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12 Insights From The Always Charming Commodities Guru Jim Rogers
Jim Rogers started on Wall Street back in the 60s and went on to co-found the Quantum Fund with George Soros. Then he packed up and moved to Singapore, essentially shorting the west.Now he's heavily...
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Remember All Those "Pro-Democracy" Protests Last Year? Here's What They Were...
The widespread protests across the Middle East and northern Africa in last year's "Arab Spring" were often viewed as the awakening of a critical region to the virtues of democracy.And they may have had...
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Citi Analyst Calmly Explains Why The Great Bull Market In Commodities Is...
The big call of last week was from Citi energy analyst Edward Morse, who predicted that the great commodity bull super-cycle had peaked, and that the price of oil and other commodities would enter...
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The Sex Tape That Brought Down A Communist Party Boss Could Just Be The Tip...
Last week, Chinese Communist Party member Lei Zhengfu was forced out of his role as the boss of Chongqing’s Beibei District after a tape showing him having sex with an 18-year old mistress circulated...
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KRUGMAN: This Is The Chart That Debunks What Everyone Says About The National...
Paul Krugman posts a simple chart that makes a profound point.It compares the yield on UK debt vs. US debt.What should stand out for you, instantly, is that the two countries borrow at virtually...
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