Paul Singer Just Set Up The Next Battle In His War With Argentina
Elliott Management's Paul Singer wants $250 million from Argentina in one week, MercoPress reports.Singer suffered a set-back in his years long legal battle with the country last week, when an Appeals...
View ArticleHere's What The German, Indian, And Chinese Stock Markets Are Telling Us
Our “Stay Home” investment theme outperformed the “Go Global” alternative all year until the November 6 US election results raised the odds that the US might fall off the fiscal cliff after all. The...
View ArticleThe Most Expensive Snacks In America
Obesity is sometimes blamed on the high price of healthy foods compared to junk food. But it may be time to stop complaining.The USDA's economic research service has put together a handy presentation...
View ArticleStrikers Have Shut Down Two Of The Most Important Economic Gateways In The...
Strikes in the ports of Los Angeles and Long Beach that began last Tuesday are delivering a blow to the U.S. economy.Clerical workers from the International Longshore and Warehouse Union (ILWU) Local...
View ArticleA Fantastic Presentation On The Bull Case And The Bear Case On Gold
Gold continues to fascinate.Purchases of the physical metal have been surging, while prices have been weak.There are two competing storylines. One posits that developed economies, mired in debt, and...
View ArticleChinese Cities Have Absolutely Dominated The Past Twenty Years
Chinese cities have been on an absolute economic tear in recent years.The Brookings Institute 's latest report, the Global MetroMonitor Report, tracks the economic growth of metro areas from 2011-2012...
View ArticleObama Takes Twitter Questions On The Fiscal Cliff
President Barack Obama took questions on the fiscal cliff via Twitter this afternoon, part of the White House's ongoing public relations campaign to put pressure on Republicans in the debt...
View ArticleHere's The GOP's First Counteroffer To Obama On The Fiscal Cliff
House Republican leaders on Monday offered their first official counteroffer to the White House in an attempt to avert the so-called "fiscal cliff."House Speaker John Boehner wrote a letter to...
View ArticleDonald Trump Can't Read A Gold Chart
Donald Trump just tweeted.That tweet goes to this ZeroHedge post, which includes this chart.The only problem. That's not a price chart. It's a chart of volume of coins sold.The actual price is below...
View ArticleSTOCKS FALL AFTER A TON OF ECONOMIC NEWS: Here's What You Need To Know (DIA,...
Stocks slowly fell into the red today in the wake of a huge amount of economic data from around the world.First the scoreboard:Dow: 12,965, -59.9, -0.4 percentS&P 500: 1,409, -6.7, -0.4...
View ArticleThe GOP Fiscal Cliff Counter Offer Is Brilliant—And It's Actually A Really...
Republican House Speaker John Boehner offered the GOP's first counter-proposal in the fiscal cliff negotiations Monday, sending a letter to the White House that demands both parties negotiate from a...
View ArticleMother Of Former Greek PM Papandreou Linked To $714 Million Swiss Bank Account
The so-called "Lagarde List" is causing trouble in Greece again, with new reports linking it to the very top levels of political society.On Sunday two Greek weekly magazines, To Vima and Proto Thema,...
View ArticleThere's A New 'Most Bearish Strategist' On Wall Street (SPY)
Gina Martin Adams, the top U.S. equity strategist at Wells Fargo Securities, just published her 2013 outlook for the stock markets, and it is the most bearish outlook we've seen so far."Slowing global...
View ArticleAmerica's Huge Natural Gas Discount Is A Big Win For Domestic Manufacturers
The benefits of low natural gas prices have been particularly favorable for the U.S., thanks to the boom in production."As long as domestic gas prices remain at a significant discount vs. global...
View ArticleThe US Doesn't Have A Deficit Problem
Last week Warren Buffett came out with his plan to supposedly fix America’s fiscal crisis. The plan called for not allowing the deficit to go over 3% of GDP. First, I’m not sure there really is a...
View ArticleMore Evidence That The Market Isn't Too Worried About The Fiscal Cliff
Bloomberg Brief economist Michael McDonough Tweeted out this chart showing the number of Bloomberg wire stories with the words "debt ceiling" and "fiscal cliff" and overlaid those lines with the...
View ArticleArgentina Is Now Paying For Its Dangerously Successful Economic Story
Argentina is in the news again.The country that successfully managed an external debt restructuring after a major financial crisis in 2001-02, and eschewed the standard austerity package to benefit...
View ArticleElBaradei: 'Egypt Is Threatened By 4 Time Bombs'
Nearly two years after Egypt fought for democracy and ousted Hosni Mubarak, the country continues to see civil unrest.The latest demonstrations are aimed at president Mohammed Mursi after he passed a...
View ArticleSo, Experts Agree That Surging Investment Tax Rates Will Be A Stock Market...
One of the hottest debates in the markets these days is how investment tax increases would affect stocks. Specifically, if we go over the fiscal cliff, Bush-era tax cuts will expire sending capital...
View ArticleThere Were Some Big Economics Stories Today
In case you missed them, there were some really significant economic stories today.-- The BRICS are back. This has been an a growing meme, that emerging markets have been poised for a rebound, but...
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