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The Yen Is Getting Pummeled Again Tonight
In addition to the big bond selloff, the other big theme in the market is the yen selloff, and we'd argue that they're one in the same, because investors hold US Treasuries and Japanese yen when...
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Art Cashin's Warning Came True, A Top Chinese Politician Was Just Replaced By...
In Wednesday's Cashin's Comments, Art Cashin pointed to an under-reported moment from Chinese Premier Wen Jiabao's recent speech. ...another part of the speech caught my eye. Wen warned that major...
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20 Cities Where Foreclosures Are A Huge Problem
Foreclosure filings in the U.S. declined by 2 percent in February from the previous month. Filings are down 8 percent from a year ago. But the latest U.S. foreclosure market report from RealtyTrac...
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Goldman Has Announced That It Will Review Its Conflict Of Interest Policies
This may not be directly related to Greg Smith, but you can't help but think of him here. Goldman told the WSJ that it is considering beefing up its rules about disclosing bankers' personal...
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UBS: Don't Worry About Rising Interest Rates, Stocks Are Heading Higher
Recently, there has been a monster surge in Treasury rates. All things being equal, higher interest rates mean higher interest costs and that's bad for corporate profits. But things aren't that...
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Goldman Isn't Alone When It Comes To 'Playing The Muppets'
In his best-selling book The Big Short, Michael Lewis describes a trader named Danny. A Wall Street investment bank came to Danny offering to set up a fancy trade that looked too perfect, too easy. "I...
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GEITHNER: Republicans Want To Cut Spending To 'Pakistan Or Sub-Saharan...
Treasury Secretary Tim Geithner attacked Republican budget plans on Thursday, accusing GOP lawmakers of trying to reduce government spending to levels "more characteristic of Pakistan or sub-Saharan...
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Another Poll Has Obama Collapsing
The latest Gallup Presidential approval tracking poll is out, and like some other recent polls ... Obama is collapsing. In just the last few days, Obama's approval has fallen 5 percent from 49 percent...
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You've Got To Read This Explosive Letter About A Coverup At The CBO
The WSJ broke a big story today about an inquiry into shady behavior at the Congressional Budget Office. At the heart of the story is former CBO economist Lan T. Pham, who says she was fired for...
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'This American Life' Throws Mike Daisey Under Bus For Fabricated Apple Story...*
In a huge and startling scandal, the public-radio program "This American Life" (TAL) is retracting a whole episode that it aired about Mike Daisey's investigation of Apple's manufacturing processes....
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The 8 Wealthiest Men In The Western Hemisphere That You've Never Heard Of
Many billionaires have no problem flaunting their wealth, whether through naming skyscrapers after themselves or kite surfing with naked models. But a subset prefers the trappings of obscurity,...
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Mayor Bloomberg Went To Goldman And Had A Burger With Blankfein To Show...
Everybody and their grandmother is taking a side in the case of Greg Smith's infamous resignation letter from Goldman Sachs—was he brave, or was he naive? Will his letter ultimately affect Goldman's...
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Some Great News On The Economy That Everybody Missed This Week
One of the biggest fears people have is that gas prices will choke off the recovery, by draining people's confidence and reducing other spending. So is that happening? Well, last week we got a real...
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10 Public Companies That Have Parts In The New iPad (AAPL)
The new iPad just launched and consumers are flocking to iPad stores to be among the first owners of the new devices. But Apple isn't the only company praying for big sales of the new iPad. iFixit.com...
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Ex-Tyco CEO Is Out Of Jail And Back Out On The Streets Of NYC
You'll remember Dennis Kozlowski, the ex-CEO of Tyco who went to jail for back in 2005. Or maybe you'll just remember his $6,000 shower curtain. Either way, the news is that today Kozlowski was...
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This Is When The US Will Tap Its Oil Reserves
Yesterday, a rumor that the U.S. and U.K. were nearing an agreement on tapping the Strategic Petroleum Reserve (SPR) sent oil prices diving. That turned out to be a rumor—the first of many we could...
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TABLE TENNIS PLAYER: Greg Smith's Goldman Bio Had 'One Big Lie'
Details continue to emerge about the mysterious Greg Smith, whose public resignation from Goldman Sachs this week has been the buzz of Wall Street. If you recall, in his letter he highlighted his...
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There's A Guy At Saks Who Will Pair Your *Tie* With A Nice Bottle Of Wine
The next time you're shopping for the perfect shirt/tie combination, understand that you're underachieving. According to the Wall Street Journal, there's a man at Saks that knows you could go further...
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STOCKS GO NOWHERE: Here's What You Need To Know (DIA, SPY, QQQ, AAPL, BAC)
Another quiet Friday. First the scoreboard: Dow: 13,232.6, -20.1, -0.1%S&P 500: 1,404.1, +1.5, +0.1%NASDAQ: 3,055.2, -1.1, -0.0% And now the top stories: Did everybody get the new iPad? Apple...
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CNN Money Was Forced To Take Down This Idiotic Lottery Tips Video
Yesterday, Zac Bissonnette, author of Debt-Free U and a prominent personal finance expert, launched a Twitter tirade on a highly dubious video that hit the web yesterday. The CNN Money video featured...
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