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Chinese Oil Imports Sink To A 22-Month Low
Chinese oil imports in August plummeted 12.5% from a year ago. This is according to new preliminary data from the General Administration of Customs reported by Dow Jones. The 18.4 million metric tons...
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China's Incredibly Rocky, Scandal-Ridden Road To Political Transition
Sometime in mid-October China is expected to have its all important handover of power to the fifth generation. But the transition has been anything but smooth. Most recently, the Chinese media have...
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South African Miners Are Threatening To Kill Those Who Don't Respect Their...
Despite a reprieve in violence, the battle between South African miners and management has continued to spread across the country. 15,000 workers for Gold Fields Limited began striking last night in...
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CITI: When Gold Hits $1790, Silver Will Go Bonkers
Citi analyst Tom Fitzpatrick has made a few bullish calls on gold lately. He wrote in a recent note to clients that gold could hit $2500/oz within six months. He also recently said that a $6300/oz gold...
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Chinese Artist Ai Weiwei Tweets Photos Of Protest Outside US Embassy In Beijing
Ai Weiwei, the famous (and, within China, controversial) Chinese contemporary artist has tweeted a series of photos that show a small protest outside the US Embassy in Beijing today. One image shows...
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44 Years Of American Household Income: There's The Top 5%, And Then There's...
Last week the Census Bureau has released the household income data for 2011. It is posted on the Census Bureau website. What I'm featuring in this update is an analysis of the quintile breakdown of...
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BOB JANJUAH: September 2012 Will Be Remembered As The Moment The West Lost...
Everyone agrees that the Federal Reserve's unlimited QE and the ECB's OMT plans are historic. Both plans involve buying tremendous amounts of debt on the markets in efforts to suppress borrowing costs...
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MORGAN STANLEY: Investors Are Addicted To Monetary 'Heroin' And Bernanke's...
Morgan Stanley's Adam Parker has been sticking to his guns by reiterating his call for the S&P 500 to end the year at 1,167. But he also admits the Fed has scuttled his bearish call so far, and...
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South Africa's Violent Mining Strikes May Be Over As Workers Reach Agreement
South African miners striking at Lonmin Plc — the world's third largest platinum mine — have accepted managements latest offer and will return to work on Thursday, the Associated Press and Reuters...
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Oil Prices Could Surge From Here, And Not Because Of Middle East Turmoil
Crude oil prices have experienced a solid run of late, gaining over 20 percent since the end of June. Oil markets guru Stephen Schork believes prices will keep on climbing. In his latest report, Schork...
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Inflation Expectations Are Up And Thats Great News For Stocks [Charts]
The Fed’s QEs and Operation Twist all seemed to be responses to falling inflationary expectations. So far, they all successfully boosted those expectations. The inflation rate embedded in the spread...
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Why The Crisis In Nigeria Is David Kotok's Biggest Fear For The Global Economy
Yesterday, David Kotok of Cumberland Advisors told Business Insider that the tumultuous security situation in Nigeria is his biggest fear for the world right now. Kotok called Nigeria "the most...
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7,000 Millionaires Paid No Income Tax In 2011
The chart below from the Tax Policy Center shows the distribution of federal income taxes paid by income level in 2011. It contains a number of interesting factoids, including the following: 7,000...
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Dr. Copper's Prognosis For China Is Improving
Economists often joke that copper has a Ph.D in economics because it does such a nice job of predicting the health of the economy. For those who subscribe to this view, Morgan Stanley's Asia/Pacific...
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Lululemon Is Getting Slammed By A Rumor (LULU)
Shares of yoga pants maker lululemon athletica are getting slammed this afternoon. Benzinga is reporting that there's a rumor circulating that David Einhorn of Greenlight Capital is shorting the stock....
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An Investing Vet Sent Us Alfred Hitchcock's Take On QE3
“There is no terror in the bang, only in the anticipation of it” – ALFRED HITCHCOCK. That quote was forwarded to us by an investing vet to us to describe the market. He added: "Detailed announcements...
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A Pending IRS Ruling Puts $50 Billion Worth Of Commodity Mutual Funds At Risk
A tax lawyer I know sent me a link to an article about a tax ruling. I’m thinking “Boring”, who cares about that? Then I read the article. A few lines jumped out: Commodity prices could come under...
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STOCKS GO NOWHERE: Here's What You Need To Know (DIA, SPY, QQQ, FDX)
Stocks barely budged today. First the scoreboard: Dow: 13,564, +11.6, +0.0%S&P 500: 1,459, -1.8, -0.1%NASDAQ: 3,177, -0.8, -0.0% And now the top stories: FedEx sold off today after the company...
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GOLDMAN CFO DAVID VINIAR TO RETIRE, HARVEY SCHWARTZ TO BECOME CFO (GS)
Goldman Sachs announced today that it will replace its longtime chief financial officer David Viniar with Harvey Scwhartz. Scwhartz will assume the role in January when Viniar retires. Viniar will join...
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The 11 Best-Performing Metro Economies In America
Despite the negative reaction to the latest jobs report, the economy is still recovering — at least in certain places We evaluated cities using indicators in the fourth quarter MetroMonitor from the...
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