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MORGAN STANLEY: 'The Odds Favor A Government Shutdown'
The government managed to get us passed the "fiscal cliff." But they did so by creating three more smaller, but still substantial "cliffs."And according to Morgan Stanley's Vincent Reinhart we're...
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Jos. A Bank Announces The Mother Of All Friday Night News Dump Earnings...
At 8:05 PM ET Friday, discount suit-seller Jos. A. Bank dropped a bombshell."[N]et income for fiscal year 2012 is expected to be approximately 20% lower than net income for fiscal year 2011," they...
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There's A New Worst-Rated State In The Nation
S&P has downgraded Illinois to A- with a negative outlook after the state's legislature failed to take meaningful action on reforming municipal pension woes, the Chicago Sun-Times reports.At A-,...
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The 12 Best Charts Of The Week
The world is changing, and nowhere is that better illustrated than in a good series of charts.Luckily, we've seen no shortage of excellent charts this week that amply illustrate the changes...
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Germany Is Delusional About The Effects Of Moving Its Gold
Germany’s gold is on the move.For the first time since official gold transactions became more transparent, the Bundesbank has given notice that a significant portion of its holdings will be transferred...
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China Wouldn't Mind A Unified Korea — Just Not Yet
In considering the security situation in Northeast Asia, it's sometimes useful to imagine the region's players as schoolboys playing in a courtyard. North Korea, bellicose and unpredictable, misbehaves...
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Josh Brown Explains The Huge Mistake That A Bunch Of Investors Are About To...
There is no doubt that in the past few weeks (arguably just the past week) there's been a real breaking of the bearish spirit.Bullishness is hitting all-time highs, and even some of the folks who were...
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Jim O'Neill Presents 7 Signs That The Global Economy Keeps Getting Better
In his latest weekly note, Goldman Sachs Asset Management chief Jim O'Neill presents more evidence that the economy is getting better.Since I last wrote a Viewpoint, we have seen considerable evidence...
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The Entire World Of Economics Is Secretly Thankful To The UK Right Now
Economists might not say it publicly, but privately, everyone is extremely appreciative of the UK right now.That's because the UK has been a great laboratory of economic ideas in recent years.For one...
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The Biggest Losers Of The Past 5 Years
You could argue that economic policy makers have done a disappointing job over the past five years, trying to get advanced economies back on their feet.Growth is still slow in the US, and job creation...
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A Google Trends Chart For The Word 'Investing' Says It All
Are we at the moment where the retail investor is finally going to get into stocks again?If so, here's a fun chart that might be worth keeping an eye on.It's a Google Trends search volume chart for the...
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GOLDMAN'S JIM O'NEILL: Facebook Is To Blame For The Outbreak Of Global...
Every once in a while, since the economic crisis started, the phrase "currency wars" pops up.It just means central banks trying to weaken their currencies (to make their countries more competitive) and...
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CITI: There Is Really Only One Thing Driving Gold Prices Right Now, And It's...
Citi Chief Commodities Economist Daniel Ahn and his team are "marking-to-market" their forecasts for gold prices following a substantial sell-off in the gold market over the past several months.Since...
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Vietnam Signs $9 Billion Oil Refinery Deal
Vietnam on Sunday inked a deal with firms from Japan and Kuwait to build an oil refinery complex worth nearly $9 billion as part of efforts to meet its growing energy needs.The Nghi Son refinery, which...
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Pennsylvania's Fracking Boom Is Completely Different From North Dakota's...
Stories dot the media describing shale development as booms that have transformed the economies of North Dakota and Pennsylvania. That broad portrait gets badly wrong the impacts of shale development...
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Why ECRI's Weekly Recession Indicator Has Little Credibility
The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) rose in the latest public data. It is now at 130.6 versus the previous week's 130.4. See the WLI chart in the Appendix...
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The Greek Government Is A Prisoner Of The Bureaucracy
I wrote some time ago that Greece had a choice between Disaster A: staying in the euro; and Disaster B: leaving the euro. I have recently come back from four days in Greece, meeting with lots of people...
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Barclays Is In The Hunt For Three New Directors
Barclays has appointed City headhunters to find three new non-executive directors, as Sir David Walker looks to refresh the bank’s board following last summer’s Libor-fixing scandal.The Sunday...
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A New Federal Reserve Report Quantifies The Risks It's Taking In A Very Scary...
The Federal Reserve makes a ton of money on its $3T horde of government bonds. In 2012 the Fed earned a tidy $90B by borrowing short and lending long. That income number is the difference between...
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World Economic Forum Ends With Stark Warning Over Global Economy
The World Economic Forum's annual meeting broke up on Saturday night amid warnings that attendees were too relaxed and optimistic about the state of the global economy.Delegates left the congress...
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