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BOOM: ECB Liquidity Operation Sees Massive Demand
This morning saw the results of the ECB's massive liquidity operation. The operation -- which has been the subject of intense chatter and speculation for the last couple of weeks in Europe -- allowed...
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A Quick Reminder That The US Could Go Into A Recession At The Snap Of A Finger
This is a useful reminder from Dan Greenhaus at BTIG: As attention turns to 2012, one client asked us today how we could see a negative GDP print in 2012 if the economy is going to grow by 4.0% in Q4....
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CHART OF THE MORNING: The Euro Goes On A Wild Ride
Undoubtedly the CHART OF THE MORNING. The euro has gone on a wild ride already this morning. First it surged into and after the big ECB LTRO action, and then it plummeted almost immediately after....
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VAN HOISINGTON: There's No Way To Avoid A Recession In 2012
The great bond fund manager, Van Hoisington, is joining the growing list of those calling for recession in 2o12. In a recent interview with Barrons he says 2012 is a year of global recession that the...
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WSJ SLAMS House Republicans For Payroll Tax Cut Debacle, Says They Are...
The conservative Wall Street Journal editorial board is slamming House Republicans today for their hard-line position on the payroll tax cut, writing that GOP lawmakers are throwing the 2012 election...
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Wait, Did Anything Big Happen This Morning?
Were there any major events this morning, like in Europe perhaps? We only ask because markets are literally going nowhere at the moment. Italy's FTSE MIB exactly flat. Please follow Money Game on...
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10 Things You Need To Know This Morning (SPY, ORCL, BBBY, WAG, DFG, HBC, BAC)
Good morning. Here's what you need to know. Asian markets were mostly up in overnight trading with the Nikkei rising 1.48%. Europe has lost its early gains after the ECB action, and U.S. futures have...
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El-ERIAN: Behold The Disorderly Advent Of A New Global Economic Order
Times they are a-changing, whether we like it or not. In an editorial published today in Project Syndicate, Mohamed El-Erian argues that the global financial crisis and the eurozone sovereign debt...
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The Euro Is Continuing To Get Demolished
It's the worst of all combinations for the Euro right now: Risk off coupled with a massive ECB liquidity exercised. Ever since around 5:15 this morning -- when the ECB's 3-year LTRO was announced --...
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Short Term Yields On Spanish And Italian Bonds Are Shooting Back Up
Bond yields are rising across the euro area, but the biggest shift is taking place in short-term Italian and Spanish bonds. Those yields have been falling sharply recently, amid excitement that a...
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11 Quotes From SocGen Uber-Bear Albert Edwards That Scared The Crap Out Of Us...
Albert Edwards is the Societe Generale strategist who has a penchant for being bearish. He was even featured by The New York Times as a permabear. You may disagree with him, but we at Business...
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GOLDMAN: 5 Reasons Today's Big ECB Action Was Good News
The market is selling off in the wake of the ECB's 3-year LTRO, but considering the gigantic rally yesterday, and the tendency for investors to "sell the news" this isn't that remarkable. In a note...
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RIM Is Spiking After A Round Of Absurd Acquisition Reports (RIMM)
Some good news, sort of, for beaten down Research In Motion shareholders: The stock is up 12% in pre-market trading. The spike is being driven by two reports filed last night. First, Reuters reported...
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The Best Of Howard Marks: Advice From A Legendary Investor
Howard Marks had an illustrious career as an investor. The founder and Chairman of Oaktree Capital also regularly writes letters to Oaktree clients outlining his views on markets and economies. The...
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Dow Off 50, NASDAQ Getting Hammered Thanks To Oracle
In early going, the market is falling, although the first thing to bear in mind is that the Dow was up over 300 points yesterday, so we need to put things into context. That being said, the Dow is off...
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The NAR Just Made The Mother Of All Data Revisions
Update: The National Association of Realtors has revised existing home sales 14% lower for the past four years. The drop represents the loss of more than two million sales from an inflated rate,...
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Oracle Is Getting Crushed This Morning (ORCL)
After last night's earnings miss, Oracle is getting pummeled this morning. As of this writing it's down 13%. Here's Canaccord's Richard Davis on what happened last night. He downgraded the stock to...
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PAYROLL TAX STALEMATE: House Republicans Refuse To Let Democrats Bring Up...
The congressional stalemate over extending the payroll tax cut is only intensifying, as House Republicans refused to let Democrats bring up the Senate compromise bill for consideration. The House...
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Oil Prices Surge After Major Drop In Inventory
NYMEX crude oil futures for February delivery surged to $99.03 per barrel, after the EIA release showed that inventories declined 10.6 million barrels for the week ending Dec 16, far worse than the...
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The Difference Between The Chinese And Indian Consumer In 2012
With developed markets slowing, emerging markets are trying to boost domestic demand to drive growth. For a while, the U.S. has encouraged China to turn away from its export-oriented economy. In a...
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