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... And Now Comes A Data Deluge
"Data Deluge" is the phrase that Deutsche Bank's Joseph LaVorgna uses to describe what's coming in the week ahead in the economy. Last week was incredibly light. Consumer credit and initial claims were...
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The Last Time We Had A Week Like This, US Government Borrowing Costs Surged
A rare occurrence in the U.S. government bond market last week could be signaling a big upward move in yields is on the way. Last week, three consecutive Treasury auctions, involving 3-year, 10-year,...
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What Actually Predicts The Stock Market?
(Not much) Anyone who has spent much time with a quantitative tool trying to regress data points against future returns already knows: nearly nothing works. It also seems to be substantially easier...
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Here Are All Of The Ways The World Uses Gold [Chart]
The World Gold Council released its latest quarterly Gold Demand Trends report today. The report reveals the key drivers of gold demand in the second quarter. Official sector purchases (central banks)...
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Spain Had A Gigantic Day
We flagged the Spanish rally early on, but it really went into overdrive in the final hour or so of the day. The benchmark IBEX 35 index gained about 3.7%. Europe's vacation seems to be coming to an...
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Bond Expert Explains Why The NY Fed's Report On Muni Bond Defaults Is Way Off
A new post at the New York Fed's Liberty Street Economics blog presents some statistics on municipal bond defaults that suggest their true default rate is higher than ratings agencies report. The...
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Why LinkedIn Is The Internet Stock Wall Street Loves (LNKD, FB, GRPN, ZNGA)
It's another morning where Facebook, Groupon, and Zynga are getting slammed. LinkedIn, alone among the social-media newcomers, is up! Why is that? Well, volume in Facebook shares has doubled as its...
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The World's Biggest Hedge Funds Are Behind These 15 Huge Stocks
It's 13-F season. That gives us a chance to take a look at what the biggest hedge funds are holding on to, and what they've dropped. Using the up-to-date information, Credit Suisse is out with a report...
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The Most Important Election News Of The Day
It's not about Mitt's taxes, Paul Ryan's love for Ayn Rand, or how much each side is going to take out of Medicare. It's about this. S&P closing in on new multi-year highs. A quick look at the...
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CHART OF THE DAY: The World's Central Banks Are Bulking Up In Gold
The World Gold Council released its latest quarterly Gold Demand Trends report today. Demand for gold as an investment got crushed in the second quarter this year, declining 25.9 percent from last...
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The Excruciatingly Slow US Economic Recovery In 7 Charts
The world economy is slowing down, threatening the 36-month long U.S.recovery. Dinah Walker, a geoeconomic analyst at the Council on Foreign Relations, published a quarterly update to her chartbook...
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Interest Rates Are Flying Again — Here's What It Means
Another day, another big jump up in US yields. Now we're around 1.85% on the 10-year. We wrote about the big move up in yields yesterday, noting that this is a big move from a yield of around 1.40%...
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Droughts: Bad For The US, Catastrophic For India
The northwestern Indian state of Rajasthan, and the southern state of Karnataka have declared a drought, according to the Wall Street Journal. And the monsoon's are 15 percent lower than the long-term...
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PRESENTING: Abby Joseph Cohen's Epic Presentation On What's Really Happening...
Goldman Sachs investment strategist Abby Joseph Cohen is out with a massive presentation on the state of the world economy and investment environment. Cohen's presentation looks at the state of several...
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Dow Quietly Climbs 100 Points
Markets have been slowly inching up today. It almost wasn't worth mentioning, but it's relatively exciting given the excruciatingly low volatility in the last few days. A few minutes ago, WSJ's Jon...
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This Chart Shows How Quickly European Banks Fled The US
Deutsche Bank analyst Jan Schildbach released a bit of research that details how European banks have significantly decreased exposure to the United States. Prior to the financial crisis, Europe’s...
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Footage Shows South African Police Shooting Striking Workers At Platinum Mine
South African news agency eNCA has released footage that clearly shows a number of heavily armed officers shooting striking miners. According to the Mail and Guardian, reporters saw at least 18 bodies...
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Dude, Where's My Recession?
Two piece of economic data released this morning make it considerably harder for bears to argue that we are slipping into, let alone already in, a new recession. Housing permits rose to 812,000. This...
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Why Demand For Gold Plummeted 38% In The World's Largest Gold Market (GLD)
India's demand for gold jewelry fell 30 percent in the second quarter from a year ago, according to a new report by the World Gold Council. And this is after gold jewelry demand was down 19 percent in...
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This Is A Picture Of Capuchin Monkeys Being Introduced To Fiat Currency
The EconPapers Reddit pointed us to an awesome behavioral finance paper by M. Keith Chen, Venkat Lakshminarayanan and Laurie R. Santos that seeks to understand if behavioral biases are innate, by...
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