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12 States Where Homeowners Are Deep Underwater On Their Mortgages
1.4 million borrowers moved to positive equity (where homeowners owe less on their mortgage than their home is worth) in the year through the end of Q3. This is according to CoreLogic's latest...
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Illegal Immigrants Are A Bigger Part Of The Economy Than You Realize
There are two very big issues on America’s plate in 2013; A) what to do with Social Security (SS) , and B) immigration. For the most part, these two topics are uniquely different. There is one...
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Felix Zulauf Recommended 7 Trades At Barron's Roundtable
Swiss hedge fund manager Felix Zulauf participated in Barron's annual Roundtable, and he came with a couple of trades.Three of those trades involved Japan."The moment has arrived where the Bank of...
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What Tax Increase? The Latest Economic Data Shows The Consumer Is On A Tear
December monthly data reported this past week included housing permits and starts, both up to new 4 year highs. These are important long leading indicators and, needless to say, quite positive....
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BARCLAYS: By Next Quarter, A New Risk Will Emerge For The Stock Market... But...
This is a very interesting comment from Bary Knapp at Barclays in his latest equity strategy note:We believe it is too early to focus on Fed normalization/exit strategies; like each of the last three...
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America Will Be Shocked When This Deficit Chart Comes True
When it comes to projecting the deficit (or anything, really) forecasters have a tendency to overweight what's happening right at the time they're making the forecast.So for example, during the late...
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Why The Coming Few Years Could See A Brutal Collapse For Gold
Earlier this week, Goldman Sachs came out with a note that said by 2018, gold would likely fall to $1200.A lot of people chuckled at the idea of a 2018 outlook, as they wondered what, exactly was the...
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Jim Cramer Got The Ultimate Vindication This Week
In August 2007, Jim Cramer got on TV and yelled "THEY KNOW NOTHING."It was an earthshaking rant, arguing that Wall Street was in horrible shape, and that the Fed was asleep at the wheel.We've long...
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The Simplest Stock Market Indicator In The World Continues To Work Amazingly
We've run this chart a million times, but we're not getting bored of it.The S&P 500 vs. weekly initial jobless claims continues to be a beautiful chart, as the two lines have moved in virtual...
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Why Paul Krugman Called The Debt Ceiling Wrong
The big news in the debt ceiling world is that the GOP basically folded on Friday.The story isn't over yet (things can always go wrong) but the party offered to hike the debt ceiling for three months,...
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What Wall Street Traders Are Reading This Weekend
Monday is a holiday in the US, but the preparation for the re-opening of markets has begun.Dave Lutz of Stifel, Nicolaus passes along some of the stories that are catching traders' eyes this weekend.We...
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The Great 'Mega-Bears' Chart Is Now Completely Dead
During the financial crisis and its aftermath, we were always really fond of looking at Doug Short's Mega-Bears charts, which overlayed the great crashes of 1929, the Nikkei, and the US crash, which...
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It Sounds Like Democrats Will Agree To The GOP's One Debt Ceiling Demand
The GOP said on Friday that it would agree to a 3-month debt ceiling hike.Although this is just a short-term hike, it pretty much takes it off the table, since this means that the next hike will come...
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Oil Guru Destroys All Of The Hype About America's Energy Boom
Not everyone believes the U.S. is capable of becoming energy independent thanks to its shale oil and gas reserves, as the International Energy Association suggested recently.The math just doesn't work...
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GOLDMAN: A Top Fed Official Has Endorsed Nominal GDP Targeting, And Nobody...
The hottest idea in monetary policy circles over the last couple of years has been the notion that the Fed could induce a better recovery by stating a target for Nominal GDP.The idea (which has been...
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Mohamed El-Erian's 'New Normal' Is Ending — America's Watershed Moment Is Near
In 2009, Mohamed El-Erian, CEO of PIMCO– the world's biggest bond fund manager – coined the term "new normal" to describe the period of economic malaise the U.S. would experience in the wake of the...
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WARREN BUFFETT: 'The Debt Itself Is Not A Problem'
CBS's Rebecca Jarvis had a brief profile on billionaire Warren Buffett this morning.Among other things, they discussed the history of inequality in America and the world."The womb from which you emerge...
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The Year 2013 According to BlackRock
I don’t totally agree here, but this is is a nice macro overview of the current landscape via BlackRock:Fiscal Cliff: A huge policy blunder has been averted (for now), but fiscal tightening will take...
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The Week Begins, And The Yen Is Falling Again
Monday might be a quiet day, since the US is on holiday.But the week has begun in Asia, and the yen is falling (again).USDJPY is above 90 again.There wasn't too much news over the weekend.Via...
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REPORT: 3 Chinese Ships Enter Japanese Waters Near Disputed Islands — Nikkei...
More concerning headlines between Japan and China.According to Kyodo, 3 Chinese ships have entered Japanese territorial waters near the Senkaku islands, which are disputed.The Nikkei, which had opened...
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