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RICHARD RUSSELL: This Is A Bear Market In Disguise
Doomsayer Richard Russell has his claws up again."I continue to believe that we are in a primary bear market, one that is, and has been, disguised by the Federal Reserve's series of QEs," he said...
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Neiman Marcus CEO: Despite All The Uncertainty, Our Customers Are Still...
Fiscal cliff? Neiman Marcus isn't worried.Karen Katz, president and CEO of Neiman Marcus, spoke with David Moin at Women's Wear Daily about the all the uncertainty the retailer is facing right now: the...
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Kansas City Fed Manufacturing Unexpectedly Falls To A New Low
The Kansas City Fed's manufacturing activity index is out, and it's a big miss.The headline number unexpectedly fell to -6 from -4 in October. Economists were expecting an improvement to -1.From the...
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GDP Is Up, But Per Capita It's Far From Its Highs
Earlier today we learned that the Second Estimate for Q3 real GDP came in at 2.7%, up from the Advance Estimate of 2.0%. Let's now review the numbers on a per-capita basis.For an alternate historical...
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Italy Had A HUGE Day, As Europe Closes At Its Highest Level In 17 Months
BOOM.Italy had a HUGE day, gaining 2.8%.And according to Bloomberg, this is the highest overall European close (Stoxx 600) in 17 months.Please follow Money Game on Twitter and Facebook.Join the...
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JOHN BOEHNER: 'I'm Disappointed In Where We Are' — There's Been 'No...
House Speaker John Boehner urged President Barack Obama and Congressional Democrats to put specific spending cuts on the table in negotiations over the fiscal cliff. "The Democrats have yet to get...
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Markets Instantly Fall As Boehner Says He's 'Disappointed' At State Of Fiscal...
Markets INSTANTLY went red as Boehner said he was "disappointed" about state of Fiscal Cliff talks.Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
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HERE IT IS: Goldman Presents The 10 Stories That Will Dominate Markets In 2013
With 2012 wrapping up, investors are beginning to prepare themselves for 2013.David Kostin, Goldman's Chief U.S. Equity Strategist, has already called for the S&P 500 to end 2013 at 1,575.Goldman...
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The Market Understands What's Really Happening With The Fiscal Cliff
Believers in efficient markets should be very heartened by the behavior of equities lately.Despite over-the-top hype from the media about the Fiscal Cliff, and the notion that the entire market is on...
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The Fed Is Running Out Of Short-Term Securities To Sell
Under Fed Chairman Ben Bernanke, the Fed has been the great enabler of Washington’s fiscal excesses of the past few years. The Fed’s quantitative easing blurs the line between fiscal and monetary...
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CHART OF THE DAY: A Complete Breakdown Of US GDP Growth In One Awesome Chart
Doug Short of Advisor Perspectives just put up his nifty chart breaking down how various components contributed to GDP growth in Q3.Here's the quick recap, via the BEA: Personal consumption...
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Here Are 5 Stocks That Could Surprise Investors With A Special Cash Dividend...
Yesterday, Costco surprised its shareholders with a treat: a $7.00 per share special cash dividend.Costco is just one of a series of companies announcing these unexpected payouts as the fiscal cliff...
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GALBRAITH: Here's Why We Should LOWER The Retirement Age
Last night, Goldman Sachs CEO Lloyd Blankfein came out of the CEO meeting with President Obama and said that the President's plan to avert the fiscal cliff was "very credible."It's still not clear what...
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The Scariest Debt Chart In America Has One Gigantic Flaw
There's no question that you've seen charts like this before. This one is from Paul Ryan. The point he makes is that if we don't get our spending on Medicare under control, the economy will be...
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Do You Use Your Personal iDevice Or Android For Work? Please Take Our Short...
Does your company let you use your iPhone for work? Or your iPad or your Android phone? If so, did your employer download security software on your personal device? Has it made your lfe better or...
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The Worst News We've Heard Out Of China In Weeks (YUM)
As China's growing economy shift to being consumer-driven from being export-driven, companies exposed to discretionary spending have boomed.One of the big winners in this evolution has been Yum!...
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It's Hilarious That Futures Are Higher
Futures are a tad higher, but actually the fact that they're higher at all this morning is quite hilarious.Why? Because last night the details of the "opening offer" from The White House in the Fiscal...
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MISS: PERSONAL SPENDING FALLS
Not good.Personal income was unchanged in October. Economists were looking for a 0.2 percent gain.Spending unexpectedly fell 0.2 percent. Economists were expecting this to be unchanged.Right away,...
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The Strongest Area Of The Economy Has Been The US Consumer — And Three Recent...
One of the big themes of the year has been the split between nervous corporates and confident consumer, with the latter holding up the economy.But a few datapoints point to some weakness there.Millan...
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CEO Of Massive US Defense Firm Scoffs At The 'Fiscal Cliff'
The fiscal what? Cliff? How about the fiscal "speed bump."The CEO of the fourth largest U.S. defense firm, Raytheon (5th largest in the world), Bill Swanson "is telling investors sequestration would be...
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