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There's Been A Major Breakout In How Consumers Are Feeling About The Economy
The Bloomberg US Weekly Consumer Comfort Index is a survey undertaken by Bloomberg basically asking people how they feel about the economy, and their finances. Since the bust, the survey has basically...
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Expectations Are High That Greek Bond Swap Deal Will Succeed And A Credit...
European markets have rallied today amid positive signs that the Greek bond swap deal will succeed. Analysts believe that Greece has sufficient investor participation to trigger collective action...
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Las Vegas Is On A Tear
Two economic datapoints out today that confirms the revenge of Las Vegas. First, sales of single family houses were up 18% in February. AP: Real estate agents in Las Vegas say more single-family homes...
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ART CASHIN: It Doesn't Take A Genius To See The Irony In Yesterday's Market...
Early in yesterday's trading session, the Wall Street Journal's Jon Hilsenrath reported that the Federal Reserve was considering a new "sterilized" bond buying program. Art Cashin found this line...
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BARCLAYS: Obama Will Tap The Strategic Petroleum Reserve This Year
Obama is likely to tap the Strategic Petroleum Reserve in 2012, according to Barclays analysts Helima Croft and Amrita Sen. In their noted titled: High-wire act: Obama's Iran and SPR policies, the...
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JIM GRANT: The Fed Is A Piker Compared To The ECB
The Federal Reserve is considering a new bond buying program to boost the economy, reported the Wall Street Journal's Jon Hilsenrath. As part of this program it plans to print new money with which it...
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How India Creates New Jobs By Slicing Up Old Ones
How can you reduce surgery costs while boosting local employment? Paraskilling, that’s how. The paraskilling framework is as old as the assembly line, but it's got a new modus operandi. By...
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DELEVERAGING IS OVER: Household Debt Climbs For The First Time Since Q2 2008
The Federal Reserve's Q4 2011 Flow of Funds Accounts report is out. Household debt climbed by an annual rate of 0.25 percent in Q4, the first gain since Q2 2008. Consumer credit grew at an annual rate...
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Homelessness In The UK Jumps 14% In One Year
New figures released by the UK government show that the numbers of those officially classed as homeless has jumped 14% in one year. The numbers for 2011 were 48,510 — a big increase from 42,390 in...
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Bill Ackman And Warren Buffett Both Love This Investment Idea
Pershing Square founder Bill Ackman spent a large portion of CNBC appearance this morning discussing the path of the housing market with Andrew Ross Sorkin. Echoing many investors these days, Ackman...
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China Is About To Take A HUGE Step Toward Internationalizing Its Currency
Last year, Chinese officials reportedly told EU members that the renminbi would be fully convertible by 2015. And recently, Chinese central bank governor Zhou Xiaochan said China is not too far away...
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Why Wall-Street Is Going To Get Tomorrow's Big Jobs Number Completely Wrong
When Business Insider announced its call yesterday on nonfarm payrolls, which projected an increase of 285,000 jobs, commenters were quick to rebut our estimates. The prediction, which used a blend...
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AAR: Rail Traffic Declined 1.9% In February And Fell 6.2% In The Week Ending...
The Association of American Railroads (AAR) today reported U.S. rail carloads originated in February 2012 declined 1.9 percent from a year go. However, February’s average of 224,492 intermodal units...
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WAIT! Those Amazing Las Vegas Gambling Numbers Actually Don't Look Very Good
Earlier we wrote about the huge surge in Las Vegas gambling revenue in January. On the surface, this looked like a great bullish indicator of the economy. But we've looked into the data a bit more,...
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Markets SURGE After Headlines About Massive Uptake In Greek Bond Swap
Skai.gr is out with a new article that cites calculations of 90 percent participation in the Greek bond swap deal. That report surfaced just as we reached the deadline for investors to participate in...
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Backdoor-Bullish Indicator: Rate Of Suspicious Activity At Casinos Way Up
In a sign people are flocking back to casinos — and thus presumably in possession of more disposable cash — the rate of suspicious activity reports at casinos is on pace to grow 19%, according to data...
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Here's Why Even Indonesian Sweatshops Can't Compete With China
There are a bunch of poor workers in Indonesia and a bunch of poor workers in China. So why is China stealing up all the foreign investments? Once again it's thanks to state support. Author Michael...
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As If This Morning Weren't Going To Be Crazy Enough...
It was already going to be a very active morning, what with the jobs number at 8:30 and all. But things will even be spicier than that. Apparently ISDA -- the organization that determines whether a...
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Apple's Launching The iPhone On China's Third-Largest Mobile Carrier--It's...
Apple is finally launching the iPhone with a second mobile carrier in China, Philip Elmer-Dewitt of Fortune reports. The carrier is China Telecom, which is China's third-largest mobile carrier. China...
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Job Growth In New York City Is Blowing Everyone's Mind
According to WSJ, the NYC economy added more jobs in January than in any month in 23 years. Some 31,200 jobs were added in the month, according to a seasonally adjusted analysis of new state Labor...
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