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PRESENTING: The Hottest Economies In The World
The World Bank recently released their semi-annual "Global Economic Prospects" report. Contained in the report is the institution's up-to-date growth forecasts. We pulled the 29 countries with the...
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MOLTO BENE: Italy Leads A Strong Europe Rally
UPDATED (11:40 p.m. ET) Italian markets led a broad European rally into the close, with the Milan based FTSE MIB up nearly two percent. The Italian Borsa gained 1.9 percent to 13,703, followed closely...
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The 'Skyscraper Index' Is Warning That The Global Economy Could Soon Collapse
We've discussed about how skyscraper construction can be used to predict imminent doom for the global economy. Originally conceived of by Barclays, the idea is that there's correlation between...
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Iran's Huge New Oil Discovery Is Actually In Azerbaijan
Iran recently announced that it has discovered a substantial oil deposit -- about 10 billion barrels -- in the Caspian Sea. That would be about seven percent of Iran's total reserves, and the country's...
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SocGen: Here's How The Bond Market Will Respond To 4 Different FOMC Scenarios
SocGen's house view as explained by its economist Michala Marcussen is that the Federal Reserve will announce $600bn of new asset purchases today at the FOMC meeting, split 40 percent to 60 percent...
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India's Finance Minister Wants The World's Largest Gold Investors To Invest...
India is still the world's largest market for gold, with gold demand being driven by consumers rather than its central bank. Some argue that China is soon going to take over this mantle. And India's...
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FEDERAL RESERVE EXTENDS OPERATION TWIST, MARKETS FALLING MORE (GLD, SPY)
The Federal Reserve monetary policy announcement is out. Rather than go on with full on QE3 (more bond buying), the Federal Reserve is extending what's known as "Operation Twist" which means that the...
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Markets Slip After Fed Announces Extension Of Operation Twist (WAG, PG)
UPDATE: Markets have fallen somewhat following the Federal Reserve's decision to extend operation twist, a program where it finances the purchase of long dated Treasuries with the sale of shorter term...
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What Wall Street's Top Economists Are Predicting For Tomorrow's Jobs Report
Economists are closely watching tomorrow's jobs report, with expectations for a 100K print when the July report is finally released tomorrow at 8:30 a.m. Below, forecasts from some of the Street's top...
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CHART OF THE DAY: European Yields Soared After Lackluster ECB Showing
European Central Bank President Mario Draghi disappointed investors hoping for explicit promises for central bank assistance to Spain and Italy in a press conference this morning. That disappointment...
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Zillow Has A New Metric That'll Help You Decide Whether To Buy Or Rent A Home
Some have argued that housing has bottomed already. Though recent home sales numbers came in weak, talk of a recovery has piqued homebuyers' interest. When purchasing a home many considert the...
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Mario Draghi's Diabolical Spiral
Mario Draghi did a press conference today. "Everyone" was eagerly awaiting it, and nobody seemed to understand it makes no difference what he says. At least, that is, from the point of view of saving...
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Here's An Update On The 'Cash On The Sidelines'
One theme that the stock market bulls have been touting for a while is "money on the sidelines." This is the idea investors who have been pulling money out of stocks will eventually pour all of that...
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Spain Is Basically Cut Off From The Debt Markets
Spain held an auction today. It sold just over a billion of 10 year bonds, at what looks like an average price of 94.45. It sold 2 billion of other issues, but this is the most interesting one.The...
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STOCKS TANK AFTER ECB FLOP: Here's What You Need To Know (SPY, QQQ, DJI, FB)
Markets fell after major disappointment in Europe. But first, your scoreboard: Dow: 12,878; -92 pts; -0.7%NASDAQ: 2,909; -9 pts; -0.4%S&P 500: 1,365; -10 pts; -0.7% Now for your top stories:...
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WORLD CENTRAL BANKS ON 'RED ALERT'
Jon Hilsenrath, the world's best central bank reporter, says that the conclusion from this week is that the world's big central banks (the Fed and the ECB, natch) are on 'red alert' over the state of...
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LinkedIn Beats! (LNKD)
LinkedIn's second-quarter earnings are out! It looks like a beat on revenue! LinkedIn reported revenue of $228.2 million, compared to Wall Street analyst estimates of $216.5 million. The stock is...
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Here Are The Facebook Insiders Who Dumped Stock Just Before It Crashed... (FB)
Timing isn't everything in life, but it helps. And now that Facebook's stock has been cut in half since its May IPO, it's time to compliment the clever folks who sold when everyone else was convinced...
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Get Important Economic News Every Morning With 'Money Game Select'
Jump start your morning with the most important economic news and analysis with Money Game Select, an easy-to-read daily email newsletter. What is it? A daily roundup of top headlines, analysis, and...
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EL-ERIAN: The Fed Has Full Knowledge That Their Measures Don't Work But They...
Mohamed El-Erian, the CEO of PIMCO – the biggest bond fund in the world – is not a huge fan of the Fed right now. In a new Financial Times op-ed, El-Erian says that yesterday's FOMC policy meeting...
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