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Back In The '80s, Jim Chanos And George Soros Were Office-Mates
From a chat between Jim Chanos and Betty Liu at Titans at the Table last night (which we have written about at length). Chanos' words pretty much sums it up— "I used to keep my office at George...
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Eliot Spitzer Is Stepping Back Into Politics (Sort Of)
It's not a run for office, but... baby steps, people. The NY Post reports that former Governor Eliot Spitzer will be holding a fund raiser at his home for Washington State Gubernatorial candidate Jay...
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Report: It Looks Like Corzine Will Likely Stay Out Of The Slammer
Dealbreaker's Bess Levin reports (via FoxBusiness) that former MF Global CEO Jon Corzine will not face criminal charges for his role in the firm's diverting of client funds and subsequent collapse....
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BRAND NEW HIGH FOR THE S&P 500: Here's What You Need To Know (DIA, SPY, QQQ,...
The Dow couldn't clear 13k. But, the S&P 500 closed at its highest level since June 2008. First, the scoreboard: Dow: 12,982.9, -1.7, -0.0%S&P 500: 1,365.7, +2.2, +0.1%NASDAQ: 2,963.7, +6.7,...
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Some Jobs News That Obama Will Be Thrilled About
From Nomura, commenting today's University of Michigan consumer confidence report... One thing is clear from the University of Michigan survey: consumers have heard good news about employment. A third...
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This Old Paragraph From Keynes Is Incredibly Ominous For The Future Of Europe
Most analysts agree that, for Europe, the latest resurgence in confidence is only skin deep. After the November central bank intervention, the December LTRO, and amid headlines about Greece's new...
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And Now For A Video Of NJ Nets Owner Mikhail Prokhorov Showing Off His Rap...
Mikhail Prokhorov is good at so very many things. Not only is he a billionaire Russian oligarch, but he's also running for President of his home country and co-owns the New Jersey Nets with Jay-Z. And...
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The Week Begins: US Futures Are Sliding, Italian Market Getting Clobbered
A decidedly "risk off" start to the week. Europe is red across the board, with Germany down 1.2%, France off 1.25%, and Italy down 2%. Shares of Italian bank UniCredit are down 3%. US futures are...
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So Much For That Yen Dive
The diving yen has been one of the stories of 2012. But it's not quite happening in a straight line. After falling at the open in early Monday trading, the yen is now staging a hard rally against the...
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John Hussman's Incredible Decade
This week, instead of his usual letter, fund manager John Hussman is out with his latest semi-annual report on his fund (.pdf). Readers will know that he's been skeptical of this market sine,...
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Greeks Are Still Desperate To Stay In The Euro
This is why any prediction of an imminent "Grexit" is problematic. Nobody in Greece wants to leave. Megan Greene -- a top economist at Nouriel Roubini's shop -- has a great 'Note from Athens' report...
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How Banks Will Use This Week's 3-Year LTRO
This week comes the second and quite possibly last ECB 3-year LTRO, a scheme that allows Eurozone banks to pledge a wide variety of assets in exchange for cheap funding/liquidity. The first LTRO,...
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Americans Are Incredibly Pessimistic About The Future Of The Country
POLITICO is out with a new poll on the election and the state of America, and it's mostly pretty consistent with other polls we've seen lately. Obama's favorability has improved, and if the election...
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NO! Tapping The Strategic Petroleum Reserve Is A Horrendous Idea
According to FT, the drumbeat is growing louder for Obama to release oil into the market via the Strategic Petroleum Reserve in order to reduce gas prices. We posted this chart over the weekend, but...
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Germany's Interior Minister Is Leading A New Push To Kick Out Greece
In a radical first, German Interior Minister (Innenminister) Hans-Peter Friedrich has stated, in Der Spiegel, that he thinks Greece should leave the Eurozone in order to regenerate (regenerieren)...
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HORMONES, MISTAKES AND MOYNIHAN: Here Are The Highlights From Warren...
Warren Buffett's annual letter to Berkshire Hathaway's shareholders is a must-read for both novice and advanced investors. It's a treasure trove of investment insights, management tips, and witty...
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Warren Buffett Wants Everyone To See This Chart On Taxes
We're liveblogging Warren Buffett's appearance on CNBC this morning. The Oracle brought along a chart of US Tax Revenue as a fraction of GDP by component. Buffett points out that individual income...
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10 Things You Need To Know Before The Opening Bell (PCLN, LOW, BRKA, BRKB,...
Good morning. Here's what you need to know. Markets traded mostly lower overnight in Asia, with Hong Kong's Hang Seng off 0.9 percent. European markets sold off too, with the Italian FTSE MIB, German...
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CITI: 5 Reasons To Be Worried About This Market
After the huge rally since late last year, Citi's Tobias Levkovich is out sounding a note of caution. Generally he's still a bull, and sees the S&P ending the year at 1425, but for now there are a...
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Half Of Young Adults In Spain Have No Job And Bleak Prospects
MADRID (AP) — Daniel Lorente has worked construction, flipped burgers at McDonald's, been a camp counselor, telemarketing representative and doorman. But Lorente's part-time jobs never lasted more...
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