Greece's 2013 Is Looking Very Uncertain
You cannot look upon 2012 as anything other than a momentous year for Greece. During those 12 months, it agreed a second massive bailout, carried out an unprecedented restructuring of its public debt,...
View ArticleThe Most Accurate Economist On Wall Street Reveals The Secret To Creating Jobs
The stock market is up and the economy is growing. But one thing that continues to lag in the U.S. is job creationWe recently had lunch with UBS U.S. Economists Maury Harris and Drew Matus. The team...
View ArticleGUNDLACH: Bonds Aren't In A Bubble, But Apple Is And It'll Continue To Deflate
A bubble hasn't formed in the bond market, but the bubble in shares of Apple will continue to deflate, Jeffrey Gundlach, founder of money manager DoubleLine Capital, told CNBC's "Squawk on the Street"...
View ArticleANALYST: Today The Market Began To Fear A '1994' Scenario
It was an interesting day in the markets.It was a stereotypically "risk-on" day (stocks up, dollar down, etc.) until the Fed minutes came out.The minutes revealed (apparently to the market's surprise)...
View ArticleNew White House Petition Demands That Obama Mint A Trillion Dollar Coin To...
Earlier today we explained how more and more prominent and influential individuals are calling on The Treasury to avert the debt ceiling crisis by minting a trillion dollar coin. The Treasury,...
View ArticleThe Difficult Part Is Still Ahead
The explosive market rally following the fiscal cliff agreement was based more on what didn't happen than what did. What didn't happen was the implementation of automatic tax increases and spending...
View ArticleGOLDMAN: These Are The 40 Most Undervalued Stocks In The Market
The S&P 500 booked a nice 13 percent return in 2012.For 2013, Goldman Sachs' equity strategy team expects the index to hit 1,575 by year-end.However, they expect some stocks to do better than...
View ArticleFIRED: Former Head Of The Federal Reserve Bank Of New York's Open Markets
NEW YORK (Reuters) - Brian Sack, the former head of the Federal Reserve Bank of New York's open market operations who for the last six months served as a senior policy adviser, is to resign effective...
View ArticleThe S&P 500 Closed At A Five Year High Yesterday
The Standard & Poor's 500 closed at its highest in five years on Friday after a report showed that hiring held up in December, giving stocks an early lift.The S&P 500 finished up 7.10 points at...
View ArticleOne Fed President Says The US Could Drop Quantitative Easing This Year
NEW YORK (Reuters) - The Federal Reserve will be in a position to think about halting its large-scale asset purchases this year if the U.S. economy improves, a top central bank official said on Friday,...
View ArticleThe Real Reason Bill Ackman's Herbalife Short Could End In Disaster
I was just on CNBC talking about Herbalife. Nervous as they come and was propped the wrong way by the sound guy (and hence never looked at Herb Greenberg who interviewed me). But here is the quick...
View ArticleInvestors Who Think Venezuela's Economy Will Open Up After Chavez Have...
All signs point to the fact that Venezuelan President Hugo Chavez is not long for this world. The last reports of his condition say that his cancer treatment isn't going very well and that he's...
View ArticleThe Only Idea That's Sillier Than The Trillion Dollar Platinum Coin...
For the last couple of days, we've been talking about the "Platinum Coin Solution" to the debt ceiling crisis.This is the idea that the Treasury could mint a trillion dollar platinum coin and deposit...
View ArticleBen Bernanke Is Facing A Legacy Problem
The surprise of the week was not the goofy ending to the cliff. It was the minutes from the Fed.The meeting in question took place on 12/12, just 23 days ago. Some very major announcements came as a...
View ArticleThe Guardian Wants Paul Krugman To Be The Next Treasury Secretary Of The...
Well this is sure to start an interesting discussion.U.K. newspaper The Guardian wants President Obama to nominate economist Paul Krugman for Treasury Secretary to fill Tim Geithner's position when he...
View ArticleThese Are The 20 Biggest Tax Breaks In America
This handy table from the Washington Research Group shows just how inefficient the US tax code is.Tax breaks in fiscal year 2014 for health care benefits ($164.2 billion), mortgage interest ($99.8...
View Article3 Bullish And 3 Bearish Points To Consider For 2013
In money management long term success lies not in garnering short term returns but avoiding the pitfalls that lead to large losses of invested capital. While it is not popular in the media to point...
View ArticleEurope's Prolonged Financial Crisis Has Created A Crisis Of Values
NEW YORK – Xenophobia and extremism are symptoms of societies in profound crisis. In 2012, the far-right Golden Dawn won 21 seats in Greece’s parliamentary election, the right-wing Jobbik gained ground...
View ArticleGOLDMAN: Bond Market Investors Are About To Get Crushed
Goldman Sachs strategists have issued a big warning to clients hiding out in bond funds: You're about to lose your shirt.The reason: interest rates began rising this week, and if they return to the...
View ArticleWALL STREET: Here's What The S&P 500 Will Do This Year
No one knows for sure what will happen next in the stock market.But there is no shortage of people who get paid to make a predictionFourteen of Wall Street's best sell-side equity strategist have...
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