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Yesterday's Car Sales Numbers Were A Very Good Omen For Today's Jobs Report
Yesterday's ADP jobs report caused various analysts on Wall Street to crank up their estimates for today's jobs report.But we got another good sign, as well: Car sales.Total December light-vehicle...
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10 Things You Need To Know Before The Opening Bell (GOOG, SPY, DIA)
Good morning. Here's what you need to know.Asian markets were mixed in overnight trading with the Nikkei rising 2.82 percent and hitting a 22-month high on its first day of trading in the new year....
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The Huffington Post Does A Massive Front-Page Endorsement Of The Trillion...
Our jaws are dropping at this.The Huffington Post has joined the campaign for Obama to end the debt ceiling crisis by minting a trillion dollar coin, a solution we've been pushing hard since...
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Gold Is Getting Crushed Again Today
Gold futures are dropping like stones again today after a big selloff yesterday.The shiny yellow metal is down 2.2 percent in morning trading. It's had a particularly rough start to the year:Earlier...
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The Least Anticipated Jobs Report Of All Time Comes In Exactly As Expected
The December jobs report came in right in line at 155K. That's exactly in line with expectations.This was probably the least anticipated jobs report of all time. There was no political angle or...
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Here Is Twitter's Prediction For Today's Jobs Report
The official Twitter prediction for today's non-farm payrolls report is +172K.This was based on 50 Twitter submissions using the hashtag #NFPGuesses through 7:53 AM ET.Wall Street economists forecast...
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ECONOMIST: Here's Why Today's Jobs Report Will Miss Expectations
The December jobs report will be released at 8:30 AM ET this morning.Economists are on average estimate that the U.S. economy created 152k new jobs during the month.However, TD Securities Senior...
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The 100 Most Successful Hedge Funds Of 2012
The February 2013 edition of Bloomberg Markets Magazine features its ranking of the top 100 large hedge fund managers in the world.Unlike last year when the most successful hedge funds were a variety...
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Markets Aren't Doing Anything After The Jobs Report
The December jobs report is out, and the results are largely in line with expectations.And markets are barely moving.S&P futures are up 3 points and teh 10-year yield is at 1.94 percent.Ahead of...
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Barney Frank Has Said The Words That Could Send Him Back To Washington
Barney Frank has told Massachusetts Governor Deval Patrick that he would like to go back to Washington as an interim Senator filling John Kerry's Senate seat, Politico reports.The recently retired...
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The 'Trillion Dollar Coin' Is No More Absurd Or Outrageous Than The...
An amusing idea is beginning to take hold among the country's leading economic thinkers.If the Republicans in Congress are really irresponsible and outrageous enough to hold the reputation and economy...
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Europe's Prolonged Financial Crisis Has Created A Crisis Of Values
NEW YORK – Xenophobia and extremism are symptoms of societies in profound crisis. In 2012, the far-right Golden Dawn won 21 seats in Greece’s parliamentary election, the right-wing Jobbik gained ground...
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GOLDMAN: Bond Market Investors Are About To Get Crushed
Goldman Sachs strategists have issued a big warning to clients hiding out in bond funds: You're about to lose your shirt.The reason: interest rates began rising this week, and if they return to the...
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WALL STREET: Here's What The S&P 500 Will Do This Year
No one knows for sure what will happen next in the stock market.But there is no shortage of people who get paid to make a predictionFourteen of Wall Street's best sell-side equity strategist have...
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JP MORGAN'S COMPLETE GUIDE TO THE MARKETS
David P. Kelly, chief global strategist at JP Morgan Funds and his team have published the latest quarterly Guide To The Markets.As investors head into the first quarter, Kelly and his team put...
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Rail Traffic Shows The Economy Is Still Muddling Through
The first reading on rail traffic showed a modest decline to -0.1%. The beginning of the year is usually a volatile period for rail traffic trends so it’s better to take a bit longer view here. The...
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Cameron Says U.K. Needs Low Interest Rates
Jan. 6 (Bloomberg) -- Prime Minister David Cameron predicted a difficult year for the U.K. economy that will require maintaining the current mix of low interest rates and budget-deficit reduction.“It’s...
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More Than Two Months Since Hurricane Sandy, Here's What It STILL Looks Like...
After days of tension political infighting and public eruptions, Congress finally voted Friday to approved $9.7 billion in disaster relief funds to provide flood insurance for victims of Hurricane...
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JPMORGAN: The US Recovery Is About To Hit A Pothole
As discussed earlier (see post), US manufacturing sector has begun to recover. Manufacturing orders in the US as well as in Emerging Asia (see post) have diverged from other large economies. This...
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CHART: Inflation Since 1775 And How It Took Off In 1933
Yesterday at the American Economic Association's 2013 Annual Meeting, Carmen Reinhart and Ken Rogoff offered a paper titled Shifting Mandates: The Federal Reserve’s First Centennial.The paper included...
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