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Jim O'Neill: China Will Contribute More To Global Growth This Decade Than The...
China reported 8.9% year-over-year Q4 GDP growth, growing at its slowest pace in 2.5 years, but beating analysts expectations. Now Jim O'Neill, chairman of Goldman Sachs Asset Management, who coined...
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One Area Where The Greeks Are Just KILLING It These Days
Oh boy. Greek yogurt is KILLING incumbent yogurt players right now. Check out this chart of market-share movement of yogurt over the last few years. Please follow Money Game on Twitter and...
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Here Are A Few Reasons Why Private Equity Firms Like Bain Capital Still Make...
Whatever its other educational benefits, the race for the Republican presidential nomination has served to introduce legions of hitherto oblivious Americans to the joys and sorrows of private equity....
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MF Global Told JP Morgan That Using Customer Funds Was Totally Okay
Bloomberg is reporting that MF Global gave JP Morgan assurance that the failed brokers transfer of customer funds to pay an overdraft was allowable: The assurance was given by an MF Global treasurer,...
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GMO: Something's Fishy in China
A wide gulf separates the two most prominent views regarding China’s future. Faced with slowing economic growth, one side says its leaders will deftly navigate a soft landing, while the other claims...
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A Little Bit Of History For Those Of You Who Think The US Is Screwed
Do you think the US glory days are over or, at a minimum, that we're on the verge of a new downturn? In his weekly note, Raymond James' Jeff Saut offers up a great batch of history for those who think...
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WARNING: I'm About To Cause A Recession And Stock Market Crash
It's that time of year again... The time when I re-balance my portfolio of index funds. There's nothing fancy about this re-balancing process. It's not about stock picking (After a decade on Wall...
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Two High Level Traders Are Out At Citigroup
Former head of distressed-debt trading Rohit Bansal and former high-yield bond trading top dog Chris Yanney are out at Citigroup, Bloomberg reported, citing various unnamed sources. Yanney and Bansal...
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A Nightmare Home Appraisal Story That Shows Why The Housing Market Is Still...
My senior staff appraiser shared the following nightmare story – about a friend of his who is going through a mortgage refinance with one of the big US national banks regarding a house in Long Island,...
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The SEC's Super Strict Inspector General Is Leaving After Four Years
The Securities and Exchange Commission's Inspector General will leave the regulatory agency at the end of this month, Bloomberg News reported. Kotz, who has served as Inspector General since 2007, was...
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This Is How A PE Firm Can Get Paid Even When A Company It Invests In Goes Bust
In Newt Gingrich's private equity nightmare, an evil PE firm comes to town, buys out a struggling company, and has the company take on a ton of debt. Meanwhile the firm manages to use that debt to...
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STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know (DIA, SPY,...
Traders came back to Wall Street after a three-day weekend. Did they miss anything? First, the scoreboard: Dow: 12,482.01, +60.0, +0.5%S&P 500: 1,293.7, +4.6, +0.4%NASDAQ: 2,728.1, +17.4, +0.6%...
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Elizabeth Warren Is No Longer Just A Candidate, She's A Cause And She'll Be...
Elizabeth Warren raised $5.7 million over the last three months of 2011 for her challenge to Republican Senator Scott Brown who currently sits in the seat once occupied by Ted Kennedy. That haul of...
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10 Things Not To Do When Traveling Internationally With Your Boss
Traveling for business, especially abroad, doesn't come naturally to a lot of people. It's a learned skill, according to Laurie Ruettimann, a human resources consultant and blogger for The Cynical...
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What New York Would Look Like With A Much Smaller Financial Sector
After a disappointing year, the big banks are pulling back on their bonus pools. A lot. This is going to be hard on bankers whose salaries are usually a very small part of their overall...
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Former NBA All-Star Allegedly Part Of A $10 Million Gold Scam
Throughout his long NBA career, shot block artist Dikembe Mutombo was well known for his post-block finger-wagging celebrations and his numerous humanitarian efforts. But Mutombo's great reputation is...
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UH-OH: Consumer Credit Defaults Are On The Rise
Consumer defaults ticked to the highest level in nine months as the national composite index inched up two basis points to 2.24%, data from S&P Indices and Experian shows. "Led by the mortgage...
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Here's What To Expect From Goldman's Earnings Tomorrow
As expected, bank earnings have been a bit of a downer thus far. JP Morgan missed on revenue, showed decreased in fixed income trading and investment banking fees and has seen its stock drop almost 5%...
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Private Equity Firms Just Finished Off A Huge 2011, With Deals Up 40%
Private equity may be taking its lumps from Republican presidential candidates trying to derail former Bain Capital chief Mitt Romney’s nomination bid, but sponsor activity has continued unabated....
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Deleveraging Is Almost Entirely A Myth
There’s been talk in the blogosphere lately about whether or not developed economies are deleveraging, i.e. winding down their debt. Some recent posts, under headlines such as “The Age Of Consumer...
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