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David Rosenberg's 10-Point Plan To Fix America's Fiscal Situation (SPY, DIA)
Markets have enjoyed the recent optimism surrounding the fiscal cliff.But the deadline is inching closer and Republicans and Democrats still have different demands.As Congress breaks for Thanksgiving,...
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Bloomberg Businessweek's Hilarious Cover On Jack Welch's Retirement
Bloomberg Businessweek, known lately for its incredible magazine covers, has just released its latest one featuring former GE CEO Jack Welch bursting through a "RETIRE WELL" cover.Last month, Welch...
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Read Of The Day: The Biggest Myth About The Fed
David Beckworth has a nice post over at his site in which he argues that the Fed is not monetizing the debt. He makes arguments that are similar to the ones I’ve previously made. But I think the...
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There Is A Silver Bullet Tax Increase That The Government Is Totally Ignoring
I took a look at the history of taxes in the USA. A few interesting (to me) factoids. The data comes from the Tax Policy Center (Link); the graphs are mine.I’ve never been convinced that comparisons of...
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REPORT: Co-Heads Of Trading At Rochdale Leave After Devastating Trading Debacle
Bloomberg News reports that Rochdale Securities' co-heads of trading, Kristen Talgo and Hal Tunick, have left 37-year-old Stamford-based brokerage firm, which is seeking a lifeline after a bad Apple...
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A Former Broker For SAC Capital Gives His Take On The Latest Insider Trading...
I covered the mortgage bond side of SAC Capital in the early 2000s, and I remember half-kidding, half-probing my client about Steven A Cohen’s seeming inability to miss. Back then Cohen’s SAC had put...
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CHART OF THE DAY: Every Valuation Metric Stinks At Predicting The Stock Market
There are many popular and obscure valuation ratios and models (e.g. P/E, CAPE, Fed) that investors, analysts and strategists employ when forecasting the stock market.And according to a recent report...
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Ceasefire Deal Between Hamas and Israel Now In Effect
Egypt's Foreign Minister Mohammed Kamel Amr and U.S. Secretary of State Hillary Clinton announced that a ceasefire deal has been reached between Israel and Hamas. It went into effect at 9 p.m. local...
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Stocks Pop After Reports Of Ceasefire Agreement
Stocks got a nice pop in the last few minutes.U.S. Secretary of State Clinton and Israel's Netanyahu have announced that a ceasefire agreement has been reached and will go into affect in the next hour...
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America's Hunger For Beef Has Been Falling For Three Decades
In his latest Livestock Update, Morgan Stanley's commodities guru Hussein Allidina writes that he expects demand for beef to continue to fall next year."We see US beef demand falling for its 7th...
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GRANTHAM: We're Headed For A Disaster Of Biblical Proportions
Last year, legendary investor Jeremy Grantham of GMO published a treatise on exploding commodity prices.He also offered a startlingly depressing outlook for the future of humanity.Grantham believes the...
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Home Prices Just Had Their Biggest Monthly Jump In Over 7 Years
More awesome news on housing.From Zillow (via Cullen Roche):Zillow’s October Real Estate Market Reports, released today, show that national home values rose 1.1% from September to October to $155,400....
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Let's Just Say, We Really Hope This Jobless Claims Chart Is Being Distorted...
Here's a chart showing the year-over-year change in initial weekly jobless claims. That is a serious spike up the last two weeks. We hope it's all due to Hurricane Sandy and that we'll quickly revert...
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Grand Central, Right Now
We walked through Grand Central about twenty minutes ago to get on a 6 train to head back to our office. It's insanely packed right now ahead of Thanksgiving and it's not even the end of the work day...
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How One Turkey Fryer Turned Into A 40-Foot Inferno That Destroyed Two Cars...
Enough negative monetary analysis and deep thoughts on crappy markets. I just want to wish my US readers a happy holiday. For those of you who are outside the country, who wonder why 300m people stuff...
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20 Stocks That Are Completely Dominated By Hedge Funds
Goldman Sachs recently released its Hedge Fund Trend Monitor, a massive report detailing the Q3 investment moves made by the world's biggest hedge funds.The report included a list of companies for...
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STOCKS RALLY: Here's What You Need To Know (DIA, SPY, QQQ)
A quiet day ahead of Thanksgiving.First the scoreboard:Dow: 12,836, +48.3, +0.3 percentS&P 500: 1,391, +3.2, +0.2 percentNASDAQ: 2,926, +9.8, +0.3 percentAnd now the top stories:It was a quiet day...
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Hostess Will Lay Off 15,000 Workers Today
U.S. Bankruptcy Judge Robert Drain has approved the motion for Hostess to wind down the company, CNBC reports.Hostess and the Bakers Union had agreed to mediation yesterday, but talks fell apart,...
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The World's Most Epic Economic Booms And Busts Since 1980
WHAT will be the fastest growing economy in 2012? The answer is perhaps surprising: Libya. It is projected to grow by an extraordinary 122% this year, according to the IMF, as oil production recovers...
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A Key Leading Indicator For Commercial Real Estate Hits Its Highest Level In...
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From AIA: Architecture Billings Index Positive for Third Straight MonthBillings at architecture firms...
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