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GARY SHILLING: We're In For Another 5 Years Of Painful Deleveraging
The current domestic and global investing environment is dominated by deleveraging, according to Gary Shilling. In other words, households and institutions are slashing the debt on their balance...
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REPORT: Lance Armstrong Will Admit To Doping
Report: Disgraced cyclist Lance Armstrong to admit to doping during Oprah Winfrey interviewAUSTIN, Texas (AP) — Lance Armstrong plans to admit to doping throughout his career during an upcoming...
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AIG Sues The New York Fed
NEW YORK (Reuters) - American International Group Inc has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right...
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Goldman's Top Economist Answers 10 Key Questions About The Economy In 2013
Some short excerpts from a research note by Goldman Sachs chief economist Jan Hatzius:1.Will the 2013 tax hike tip the economy back into recession? No. To be sure, it will likely deal a heavy blow to...
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APPLE BOSS WAS MISQUOTED: Cheap iPhone Still On The Table
SAN FRANCISCO/BEIJING (Reuters) - In a revised version of an interview published Thursday in a Chinese newspaper, Apple Inc marketing chief Phil Schiller said the company would focus on making "the...
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Chris Hayes' Brilliant Explanation Of Money Is One Of The Best Things We've...
I was fortunate enough to be invited onto Up W/ Chris Hayes this morning to talk about, yes, the trillion dollar coin.I'm not going to be so arrogant as to say that I said anything brilliant, but...
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Here's What Will Happen If We Don't Raise The Debt Ceiling
The United States has already hit its debt ceiling--the legal limit of the amount of money it is allowed to borrow, as established by Congress.Right now, the U.S. Treasury is resorting to...
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Bill McBride Of Calculated Risk Has Put Together A Wonderful Guide To The...
Another reminder about why the economics blog Calculated Risk is so indispensable if you want to really understand what's going on in the economy.Bill McBride (the blog's author) has put together a...
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Goldman's Jan Hatzius Answers The 10 Most Important Questions For 2013
Goldman's Jan Hatzius is out with his list of the 10 most important questions for 2013.Here are the questions, and his answers (his actual note spells out the answers much more elaborately, but we're...
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COINTASTROPHE: White House Rules Out The Trillion Dollar Coin Option To Break...
Stunning news from WaPo's Ezra Klein: The Treasury is ruling out the use of a trillion dollar platinum coin to break the debt ceiling impasse.Klein writes:That’s the bottom line of the statement that...
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No One Should Be Freaking Out About This AIG Suit Against The NY Fed... Yet
Since AIG's board considered, and the decided against, suing the U.S. government last week, the idea that AIG would sue the NY Fed is definitely a touchy subject.But in this case, it shouldn't be.When...
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The Congressman Who Jump Started 'Mint The Coin' Criticizes The White House...
Democratic Rep. Jerry Nadler, the Congressman who first promoted the idea of the Federal Reserve minting a trillion-dollar platinum coin to work around the debt ceiling, said Saturday night that its...
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JPMorgan May Release A Report Blaming CEO Jamie Dimon For The 'Whale' Trades
(Adds other probe details starting in eighth paragraph.)Jan. 12 (Bloomberg) -- JPMorgan Chase & Co.’s board will consider releasing an internal report next week that faults Chief Executive Officer...
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'The Birthday Problem' Shows How Terrible We Are At Estimating Probability
In business school I had to take an introductory class in statistics that we colloquially called "D&D." The official course name was Data & Decision-making.In retrospect, it was a truly...
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Versace Wants Men To Wear Lingerie
Donatella Versace pushed a "distinctly disconcerting" lingerie look for men at the Milan fashion week, according to Luke Leitch of The Telegraph.As with much of high fashion, it's hard to tell what's...
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The 15 Best Charts Of The Week
The world is changing, and nowhere can that be seen better than in a good series of charts.Luckily, despite the relative shortage of market-moving headlines, we've seen no shortage of excellent charts...
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Lance Armstrong's 'Tell-All' Interview Could Be A Costly Mistake
The cyclist Lance Armstrong could lose much more than his already ravaged reputation if he confesses to doping this week during a television interview with Oprah Winfrey -- he could end up in jail.The...
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NRA President: There's No Way An Assault Weapons Ban Will Pass
After a week during which his organization met with Vice President Joe Biden to talk proposals to curb the nation's rash of gun violence, NRA President David Keene predicted Sunday that two of the...
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The Fed Killed The Trillion Dollar Coin — And That's Slightly Disturbing
Who killed the trillion dollar coin?According to Zeke Miller at Buzzfeed, talking to a Senior White House source, it was the Fed.But it was the Federal Reserve that killed the proposal, the official...
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The 17 Biggest Risks To Our Hyperconnected World
Climate and governance dominate the World Economic Forum's eighth-annual Global Risks report published this week."Dynamism in our hyperconnected world requires increasing our resilience to the many...
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