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Chinese Auto Market Growth Screeches To A Halt
While China had its best ever year of auto sales in 2011, there may be some storm clouds on the horizon. According to The Detroit News, Chinese auto sales only grew 2.5% in 2011, which is the smallest...
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We Don't Want To Alarm Anyone, But... Is Something Bad Happening To The...
A headline just came over via Bloomberg: CITI CITES FIRST WEEKS OF JAN FOR MACRO UNCERTAINTY VIEW. We don't totally know the context, but obviously it's a statement made on the call. We'll read the...
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RIM Is Pushing Really Hard To Be Bought By Samsung, Says BGR (RIMM)
Research in Motion is currently in talks with just about everybody, hoping to sell parts of, or the entire business, Jonathan Geller at BGR reports. The number one company on its wish list of...
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Why Mike Mayo Continues To Be Bullish On Wells Fargo (WFC)
CLSA analyst Mike Mayo continues to be bullish on Wells Fargo. This morning, the bank announced quarterly earnings and revenue that exceeded expectations. Mayo notes that financial performance was...
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Kraft Foods Will Layoff 1,600 As It Readies For Spinoff (KFT)
Kraft Foods has announced it will lay off 1,600 North American workers as it readies to split the company in two. Nearly 40% of cuts to headcout will come from the U.S. salesforce and corporate arm...
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IMF Sees A Bubble In The Canadian Housing Market
It may be time to short Canada. A recent report published by the IMF examines the state of the Canadian housing market in a section titled "How Vulnerable is Canada's Housing Market?" Canadian real...
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Natural Gas Prices Are Plummeting (SWN, SPY, CHK, COG)
Update: Natural gas prices have settled at their lowest level since 2002. Original: Despite the across the board rally in commodities, natural gas for February 2012 delivery is off a staggering 7.26%....
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More Bad News For The French: This Guy Is About To Become The EU's...
Martin Schulz, a German Social Democrat, has been voted in as the next President of the EU's Parliament, a development that may annoy France. According to Deutsche-Welle, Schulz has had a scrappy...
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Here's The Simple Explanation Behind The Difference In Citi And Wells Fargo...
Both Citigroup and Wells Fargo released fourth quarter earnings this morning, albeit very different results. Wells Fargo reported earnings per share of $0.73 and revenue of $20.6 billion, beating...
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The EU Is Taking Legal Action Against Hungary Over New Constitution
THE EUROPEAN COMMISSION has initiated legal action against Hungary over changes to its constitution which limit the independence of the country’s judges and of its central bank. The Commission today...
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There's Still Something Weird About Today's Rally
Quick heads up here. Last week we started talking about this odd divergence in the market. "Risk" assets, like stocks, have been surging like crazy. But "Anti-Risk" assets, like Treasuries have been...
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Jim O'Neill: China Will Contribute More To Global Growth This Decade Than The...
China reported 8.9% year-over-year Q4 GDP growth, growing at its slowest pace in 2.5 years, but beating analysts expectations. Now Jim O'Neill, chairman of Goldman Sachs Asset Management, who coined...
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One Area Where The Greeks Are Just KILLING It These Days
Oh boy. Greek yogurt is KILLING incumbent yogurt players right now. Check out this chart of market-share movement of yogurt over the last few years. Please follow Money Game on Twitter and...
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BUBBLE BURST? Swedish Home Prices Fall Dramatically
Just last year the Economist was noting that Sweden's housing market was dangerously overvalued, coming fourth in figures compiled by the British newspaper. Now, it looks like that bubble may have...
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GMO: Something's Fishy in China
A wide gulf separates the two most prominent views regarding China’s future. Faced with slowing economic growth, one side says its leaders will deftly navigate a soft landing, while the other claims...
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A Little Bit Of History For Those Of You Who Think The US Is Screwed
Do you think the US glory days are over or, at a minimum, that we're on the verge of a new downturn? In his weekly note, Raymond James' Jeff Saut offers up a great batch of history for those who think...
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WARNING: I'm About To Cause A Recession And Stock-Market Crash
It's that time of year again... The time when I re-balance my portfolio of index funds. There's nothing fancy about this re-balancing process. It's not about stock picking (After a decade on Wall...
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A Nightmare Home Appraisal Story That Shows Why The Housing Market Is Still...
My senior staff appraiser shared the following nightmare story – about a friend of his who is going through a mortgage refinance with one of the big US national banks regarding a house in Long Island,...
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STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know (DIA, SPY,...
Traders came back to Wall Street after a three-day weekend. Did they miss anything? First, the scoreboard: Dow: 12,482.01, +60.0, +0.5%S&P 500: 1,293.7, +4.6, +0.4%NASDAQ: 2,728.1, +17.4, +0.6%...
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Germany Will Avoid Recession Even As 2012 Growth Slows
BERLIN (AP) — Germany's government cut the country's 2012 growth forecast Wednesday due to a faltering global economy and Europe's debt crisis, sparking fears that the region's largest economy could...
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