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With Pensions Like This, No Kidding Providence Rhode Island Faces 'Bankruptcy...
Untenable pension promises made by corrupt politicians to corrupt unions in an unholy alliance is about to sink another city. Please consider Providence is facing bankruptcy from WPRI: Rhode Island's...
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Hey! Look What's Getting Close To A 4-Year High
XHB, the homebuilder ETF, had another monster week, breaking out to a new multi-year high. This uber-beaten down sector is close to surpassing levels from Spring 2008. Remarkable. SPDR S&P...
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THIS Is What A Self-Sustaining Recovery Looks Like
Most of the monthly reports released this week were stellar. 243,000 new jobs were added, and the internals, including the leading indicators of manufacturing jobs and workweek, were positive. And no,...
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A Beautiful Reminder Of What It Takes To Create More Jobs
This week we got fresh ISM survey data for both the manufacturing and non-manufacturing areas of the economy. Now as we've pointed out a billion times, there's one thing that consistently is shown to...
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The Gigantic Conspiracy To Inflate Jobs Numbers In America
After that strong jobs report on Friday, radio host Rush Limbaugh blasted the "corrupt" data, which he claimed were a total lie. From Newsmax: The jobless rate reported today is “corrupt as it can be”...
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Since The S&P Downgrade...
Since the S&P downgrade on August 5 of last year... The stock market (red line) is way up, and US borrowing costs (blue line) are way down. Please follow Money Game on Twitter and Facebook.Join...
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Here's The Real Problem With Investing In The Carlyle IPO
The big news in the Carlyle IPO story is that the private equity firm and its founder David Rubenstein dropped a plan that would have prohibited shareholders from filing class-action lawsuits. Great...
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GREECE: WE HAVE JUST HOURS TO STRIKE A DEAL
ORIGINAL POST, SATURDAY 4 PM: Just like old times: Will they get a deal done before the Asian markets open? REUTERS: Greece has just one day left to strike a deal with impatient lenders and reluctant...
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PRESENTING: Our Favorite Economic Report In The World
It's obvious that we get pretty excited about the monthly jobs report around here -- especially when the numbers are awesome like they were on Friday. But while employment may be the most important...
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Militants Claim Attack On An ENI Oil Pipeline In Nigeria (E)
LAGOS, Nigeria (AP) — An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported...
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The 29 Most BIZARRE Economic Indicators In The World
Wall Street will be rooting for the home team at this year's Super Bowl, and not simply because New York is home to the nation's capital markets. Call it the Super Bowl Indicator, a forecast that...
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Europe Is Getting Some Help From A Most Unexpected Place
You already know that the ECB's flood-the-zone liquidity strategy has helped alleviate bank/sovereign funding concerns, but there's more to the good-news party in Europe than just easy money. The #1...
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Lakshman Achuthan Has Been Predicting Recession Since September -- When Will...
We're curious when we'll hear again from Lakshman Achuthan, chief economist at ECRI, which loudly called for a recession back in late September, and then reiterated that call in December. In fact,...
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Eventually, Someone Is Going To Profit Off Of This Massive Arbitrage Opportunity
Check it out. An update on the ratio of oil prices to natural gas prices. This shouldn't surprise you: Oil prices have held steady, while natural gas prices have gone into total freefall. Natural gas...
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Talks On Greek Bailout Hang In The Balance
ATHENS, Greece (AP) — Representatives of Greece's creditors met again Sunday with Prime Minister Lucas Papademos to press their demands for tougher austerity measures and private sector pay cuts. At...
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SocGen Assesses The Impact Of Spain's Real Estate Clean-Up On Its Banks
The Spanish government has approved regulations that force Spanish banks to set aside an additional €50 billion in provisions, in an effort to clean up their real estate exposure. This reform could...
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Here's The Real Problem With Getting The Greek Deal Done
Greece wants to have a deal on debt restructuring done by tonight, though technically it won't go into a real chaotic default until March. Here's the problem though, it's not just about getting its...
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GREECE: Debt Deal Talks Will Continue Through Monday
ATHENS, Greece (AP) — Leaders of parties supporting Greece's coalition government say crisis talks for huge new debt deals will continue Monday. Coalition backers held a five-hour meeting late Sunday...
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Africa Is Quickly Becoming The Greatest Investing Opportunity The World Has...
Angola is offering financial aid to debt-ridden Portugal. The Economist recently declared Africa a "hopeful continent" after years of writing it off as "hopeless." More than a million Chinese are in...
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