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Euro Dives On Jitters About European Bank Loan Repayments
The euro fell sharply against the dollar around 7:45 AM. The move is being connected with comments made by ECB Executive Board Member Benoît Cœuré around the same time about LTRO repayments.There's...
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Japan's Prime Minister Went On A Trip That Appears Designed To Enraged China
The Sinocism newsletter is compiled by Bill Bishop, and republished here with permission. Be Informed About China. The Sinocism China Newsletter. Free.This morning China announced (Reuters) that 2012...
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CONSUMER CONFIDENCE UNEXPECTEDLY FALLS TO 71.3
UDPATE: The University of Michigan's preliminary consumer confidence survey for the month of January is out.Click here for updates >The index fell to 71.3 from last month's reading of 72.9, defying...
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America's Yoga Imports Are Soaring
American imports of yoga products have doubled in the past five years, making it one of the fastest growing segments of the sports apparel industry. This won’t come as a surprise for anybody who’s...
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The Japanese Stock Market Is The Hottest Market In The World—Here's The Story...
The Japanese market rallied 2.86% last night.We're getting used to huge moves each day, as the stock market has been on fire since early November.The reason? After years and years of weak growth and...
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Fed Chief Economist In 2007: The Economy Won't Go Into Recession And No I Am...
Let the after-the-fact, hindsight mockery begin begin.Today, the Federal Reserve released its federal open market committee meeting transcripts for 2007.When we last dug through old FOMC transcripts,...
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CHART OF THE DAY: The Massive Failure Of The Bank Of Japan
Earlier we posted a fantastic presentation from Bienville Capital on why the Japanese stock market has been on fire. It essentially boils down to: Lots of room for more easing.Why is there so much room...
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The US Relies Too Much On Incomes For Tax Revenue
There are plenty of different ways to look at a country's tax rate.For instance, if you look at tax as a percentage of GDP, the U.S. has a relatively low rate.However, BCA Research goes one step...
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FED TRANSCRIPTS FROM 2007: Janet Yellen Warns The FOMC About The Private...
The Federal Reserve just released transcripts to all of its meetings from 2007, the year the U.S. housing market took a turn for the worse and the economy entered recession.By the time the FOMC met in...
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The Greatest Explorer In The World Says The Commodities Super-Cycle Is Still...
The Atascosa Ranch is walking distance from the US/Mexico border, just outside of Nogales, Arizona. It’s owned by Dave Lowell, an affable 84-year-old man who’s spent the past 75+ years hunting for...
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REPUBLICAN SENATOR: 'We Will Raise The Debt Ceiling'
Republican Sen. John Cornyn, who said two weeks ago that a government shutdown "might be necessary" as a step to curb federal spending, said in an interview published Friday that Congress "will raise...
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One Of The Most Exciting Untapped Energy Troves Is Auctioning 18 Blocks Of Oil
Myanmar is accepting bids for 18 onshore oil blocks in its second, according to UPI.com. Myanmar is said to have anywhere from 11 trillion - 23 trillion cubic feet in natural gas reserves. It is also...
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Truckers Knew We Were In A Once-In-A-Generation Recession Before Anyone Else
If you ever wondered what industry is the American' economy's most accurate bellwether, here's some pretty good evidence that it might be trucking.In the just-released minutes of the Federal Open...
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GOLDMAN SACHS: BUY GOLD
On Wednesday, Goldman Sachs upped the ante on its call that 2013 will mark the end of a long-running bull market in gold by introducing a new forecast: the bank's commodity strategists see the shiny...
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REPUBLICANS: We're Going To Vote For A Three-Month Debt Ceiling Hike Next Week
House Republicans have come out of their annual retreat in Williamsburg, Va., with a new strategy on debt-ceiling negotiations: They will raise the nation's borrowing limit for three months next week...
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CHART OF THE DAY: The Weak Link Of The US Housing Market Story (XHB)
At this point, most people agree that the U.S. housing market is recovering.However, there continues to be one less-than-stellar metric of the housing market: new home sales.The explanation for this is...
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Markets Just Erased Their Losses For TheDay
After spending much of the morning down, stocks are making a comeback.Moments ago, House Republicans announced that they would vot for a three-month debt ceiling hike next week.A longer-term extension...
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3 Reasons Why Bank Of America Just Cranked Up Its Outlook For Home Prices
Bank of America economists Chris Flanagan and Michelle Meyer have revised their home price forecasts for 2012 and 2013.They now expect home prices to rise 6.4 percent in 2012, from a previous estimate...
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Volatility Is Collapsing Right In Front Of Our Eyes, As Debt Ceiling Fears Fade
Headlines about the GOP agreeing to increase the debt ceiling for three months are causing a collapse in fear.The VIX (an options based index that measures traders inclination to hedge against market...
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ANALYST: It Looks Like This Is 'Unilateral Disarmament' By The GOP On The...
Eurasia Group analyst Sean West comments on the news that the GOP is willing to offer a 3-month debt ceiling hike in exchange for the Senate passing a budget:This seems like unilateral disarmament on...
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