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A MAJOR European Sovereign Bond Rally Is Happening
Europe is rallying today, and the gains are particularly notable on the yield front, as investors snap up debt in Spain, Italy, Portugal, and Greece.The Italian 10-year is down 4.435%, levels not seen...
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What The Latest Economic Data Is Saying About The US Economy
In the rear view mirror, third quarter GDP was revised upward to 2.7%. The two most important releases for October, durable goods and income and spending, we're flat to negative in real terms. New home...
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Macau Gaming Revenue Rises 7.9% From Last Year
Macau casino revenue growth picked up on a year-on-year basis in November.Gross revenue increased 7.9% yoy to MOP24,822 million, up from +3.2% yoy growth in October. On a month-on-month basis, revenue...
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Two Of The Three Biggest Risks To The Global Economy Have Gone Away
Real quick. Kit Juckes of SocGen summarizes the world very succinctly.Good Morning. An optimist will tell me that at 50.6 China's manufacturing PMI is at its highest level since April, a pessimist will...
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If You Missed All Of The PMI Reports That Came Out Overnight, Here's What You...
UPDATE:Welcome Americans! All night we have been liveblogging the PMI manufacturing reports that have come out from Asia, the Mideast, and Europe.If you scroll down below, you can see the full...
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France Is No Longer A Sexy Place For Entrepreneurs
Dec. 3 (Bloomberg) -- Jean-Emile Rosenblum, a 34-year-old e-commerce businessman, is quitting France.With President Francois Hollande’s government readying a vote this month on its first annual budget...
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JIM CRAMER: Forget Politics, Grover Norquist Is Bad For The Stock Market
Jim Cramer was on Meet The Press this weekend alongside Grover Norquist talking about the Fiscal Cliff.Cramer, who has always said his only bias is in favor of higher stock prices, says the truth of...
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10 Things You Need To Know Before The Opening Bell
Good morning. Here's what you need to know.Asian markets were mixed in overnight trading as the Nikkei edged up 0.13 percent while the Shanghai Composite fell 1 percent and the Hang Seng fell 1.2...
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Analysts Are Predicting That In 2013, Emerging Markets Will Get Their Revenge...
Some big analysts are saying that in 2013, companies with foreign/emerging market exposure will again outperform companies that are mostly US-focused. But before we get to that, let's look at some data...
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These Are The Countries Where Robots Are Taking Over
Robots are taking over factories around the world.The International Federation of Robots tracks the growth in usage, production, and trade in robots, and the numbers have grown at a tantalizing rate....
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GOLDMAN: Here's Our #1 Trade Idea For 2013
Goldman is out with its #1 trade idea for 2013.They're advising clients to short the Aussie Dollar (AUD) against the Norwegian Kroner (NOK).AUDNOK is currently at 5.8797. The firm's target is 5.00.Why...
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The US Doesn't Have A Deficit Problem
Last week Warren Buffett came out with his plan to supposedly fix America’s fiscal crisis. The plan called for not allowing the deficit to go over 3% of GDP. First, I’m not sure there really is a...
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More Evidence That The Market Isn't Too Worried About The Fiscal Cliff
Bloomberg Brief economist Michael McDonough Tweeted out this chart showing the number of Bloomberg wire stories with the words "debt ceiling" and "fiscal cliff" and overlaid those lines with the...
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So, Experts Agree That Surging Investment Tax Rates Will Be A Stock Market...
One of the hottest debates in the markets these days is how investment tax increases would affect stocks. Specifically, if we go over the fiscal cliff, Bush-era tax cuts will expire sending capital...
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There Were Some Big Economics Stories Today
In case you missed them, there were some really significant economic stories today.-- The BRICS are back. This has been an a growing meme, that emerging markets have been poised for a rebound, but...
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This One Image Shows How Difficult It Is For John Boehner To Negotiate With...
From the conservative site RedState, a reaction to John Boehner's Fiscal Cliff offer.A little bit from the postHere are two things to keep in mind with regards to Boehner’s budget offer. First, when...
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Markets Are Rallying Again
The market continues to rally, especially in Europe.Italy is up 0.9%.Germany is up just a little.Spain is up 0.5%.There's impressive action on the sovereign debt side of things, as yields continue to...
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There's Been A Shift In The Fiscal Cliff Debate — And It's Not In Obama's Favor
Yesterday we told you that John Boehner's Fiscal Cliff counter-offer to The White House was a brilliant move that helped put the GOP back in "the center."By offering some very vague ideas, ostensibly...
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DEUTSCHE BANK: 3 Reasons To Be Bullish On Gold
DB is maintaining its bullish stance on gold. Here is their reasoning: 1. As discussed earlier (see post), the impact of QE3 on bank reserves has been modest thus far. That may explain in part why gold...
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Italy's Incredible Debt Run
Hats of to Italy and Mario Monti.Italian borrowing costs just hit a 2-year low, as Dow Jones notes.The drop in peripheral borrowing costs is a big, underappreciated story.At one point last year, people...
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