A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Bears Chat
Housing Bust was Just a Preview of the Coming Catastrophe
I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market “experts” laughed at when I warned of trouble brewing in the seemingly indestructible American econom...
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CBO warns of US falling off ‘fiscal cliff’
CBO warns of US falling off 'fiscal cliff'
[img]http://l.yimg.com/bt/api/res/1.2/oXh_6AJBHy_uEbdrklkymA--/YXBwaWQ9eW5ld3M7Zmk9Zml0O2g9Mjg-/http://l.yimg.com/os/152/2012/04/21/image001-png_162613.png[/img]By ANDREW TAYLOR | Asso...
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China traders default on coal payments
13:12 21May12 RTRS-SOME CHINESE TRADERS DEFAULT ON THERMAL COAL SHIPMENTS ON FALLING PRICES - TRADE
13:12 21May12 RTRS-AT LEAST SIX DEFAULTED STEAM COAL CARGOES BEING RE-OFFERED IN MARKET AT SIGNIFICANT DISCOUNT - TRADE
13:40 21May12 RTRS-Chinese b...
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House voted to kill the American Community Survey
On May 9 the House voted to kill the American Community Survey, which collects data on some 3 million households each year and is the largest survey next to the decennial census. The ACS—which has a long bipartisan history, including its funding in t...
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World Leaders at U.S. Meeting Urge Growth, Not Austerity
May 19, 2012
World Leaders at U.S. Meeting Urge Growth, Not Austerity
By HELENE COOPER
CAMP DAVID, Md. — Leaders of the world’s richest countries banded together on Saturday to press Germany to back more pro-growth policies to halt the deepening ...
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Wall Street’s immorality crux of crisis
Reich: Wall Street's immorality crux of crisis
Robert Reich
Friday, May 18, 2012
Some want the 2012 election to be about regulating America's bedrooms. But it really ought to be about regulating the nation's boardrooms.
The bedroom regulators are...
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The Commencement Address That Won’t Be Given
Robert Reich.
Chancellor's Professor of Public Policy, University of California at Berkeley; Author, 'Beyond Outrage'
The Commencement Address That Won't Be Given
Members of the Class of 2012,
As a former secretary of labor and current professor, I...
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Will ‘Onshela’ save Europe?
May 17, 2012
THE ROVING EYE
Will 'Onshela' save Europe?
By Pepe Escobar
History will register his plane struck by lightning on the way to Berlin, no fancy kisses, and asparagus with veal schnitzel on the menu. This is the way the eurozone ends (...
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S&P: Here Comes The $46 Trillion Perfect Storm
In the first of a series of reports on corporate credit markets, S&P highlights a truly unsettling downside scenario that could derail the "fragile equilibrium" in credit markets.
The title of the report: The Credit Overhang: Is A $46 Trillion Perfec...
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Taiibbi: Austerity can’t be just for regular people
Rolling Stone link
Excerpt:
This sounds like the beginning of what will be a very heated debate over who has to pay for the excesses of the financial crisis. It was previously assumed that everybody but the actual financial services sector would have...
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Mitt Romney: I Saved Detroit
Mitt Romney,infamous for penning a 2008 New York Times anti-bailout op-ed entitled "Let Detroit Go Bankrupt," declared yesterday in an interview conducted at a Cleveland auto-parts-maker that, in fact, he deserves a great deal of credit for saving the ...
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Why a ‘Greek Exit Would Be Bullish for Everyone’
Why a 'Greek Exit Would Be Bullish for Everyone'
Published: Monday, 7 May 2012 | 12:29 PM ET
By: John Melloy
On the surface, one would hardly take this as a buy signal for the currency. However, many investors were doing just that on the belief that ...
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ECRI Has Mixed WLI Readings As Economic Growth Worsens
ECRI Has Mixed WLI Readings As Economic Growth Worsens
May 7, 2012 by: Kirk Lindstrom
The Economic Cycle Research Institute (ECRI), a New York-based independent forecasting group, released its latest readings for its proprietary Weekly Leading Index...
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Greece election results cause problems for bailout plans
Greece election results cause problems for bailout plans
Elections in Greece over the weekend saw both far-right and left-leaning politicians gain seats in parliament, setting up a fight over the country's economic future.
By Nicholas Paphitis, Assoc...
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U.S. sets new rules for fracking on federal lands
U.S. sets new rules for fracking on federal lands http://reut.rs/JRLGzC
The Obama administration unveiled long-awaited rules on Friday to bolster oversight of "fracking" on public lands, seeking to allay environmental concerns over the technology that...
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Payrolls 115,000
http://quotes.ino.com/chart/index.html?s=CME_SP.M12.E&t=&a=&
w=&v=s
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Greenspan: Stocks are very cheap, likely to rise. P/Es are low
Bloomberg link
Excerpt:
Former Federal Reserve Chairman Alan Greenspan said U.S. stocks offer good value and are likely to rise as corporate earnings increase over time.
“Stocks are very cheap,” Greenspan said today at the Bloomberg Washington ...
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PIMCO’s Gross cautions against inflation and credit "ocean"
PIMCO's Gross cautions against inflation and credit "ocean"
Reuters – 2 hours 8 minutes ago.. .
By Sam Forgione
NEW YORK (Reuters) - Central bank policies will induce growth in developed countries this year but will create inflationary risks down th...
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Bill Gross: Tuesday Never Comes
The global economy is floating on an ocean of credit, and a good thing too as our cartoon friend Wimpy reminds us. Without it, he would be a hungry puppy by next Tuesday and nearly seven billion world citizens would be worse off if barter, and not c...
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U.S. homeownership rate drops to 15-year low in Q1
U.S. homeownership rate drops to 15-year low in Q1
Reuters – 44 minutes ago.. .
WASHINGTON (Reuters) - The share of privately owned U.S. homes fell to a 15-year low in the first quarter, government data showed on Monday, suggesting that falling hous...
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Hussman: "The Kraken Is About To Break Loose"
John Hussman's latest weekly note contains his usual bearishness, and arguments that the stock market is overvalued.
But credit to him for titling the note 'Release The Kraken', the line from the movie Clash of Titans, which has also spawned an inte...
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Austerity Worsening Dire Labor Markets: ILO
Austerity Worsening Dire Labor Markets: ILO
Published: Monday, 30 Apr 2012 | 6:40 AM ET Text Size
By: Shai Ahmed
CNBC Associate Editor
The employment situation across the world is alarming, and there is little sign of recovery any time soon as auster...
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Big Problems In Canada
Canada may have huge hidden problems. There's a housing bubble in its major cities, including backwater Montreal. But a few weeks ago the CBC and its French language arm announced massive cuts. Then yesterday, we heard from our daughter that Jewish Gen...
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My Quick Take On the Housing Data
Some tweets on the housing data.
Lee Adler @Lee_Adler actual inventory to sales ratio at 4.5 lowest since Aug 05. http://pbckt.com/pA.RnqWlY
Lee Adler @Lee_Adler NSA inventory revised down each month Nov to Feb. Completed units revised dow...
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Remax says home prices heading up
Remax says home prices heading up. http://www.remax.com/documents/homepage/REMAX%20National%20Housing%20Report_March%
202012.pdf
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Bernanke seen accepting faster inflation
Here we go. Buckle up.
Bernanke seen accepting faster inflation | http://www.bloomberg.com/news/2012-03-07/bernanke-seen-accepting-faster-
inflation-as-fed-seeks-to-boost-employment.html
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Multifamily housing performance a mixed bag
Multifamily housing performance a mixed bag
The performance of the multifamily housing segment is a mixed bag with occupancy rates and rents going up even as delinquencies in certain Fitch-rated CMBS loans rise, the ratings giant said Friday.
http...
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U.S. Foreclosure Sales Shifting Toward Short Sales
Q4 and Year-End 2011 U.S. Foreclosure Sales Shifting Toward Short Sales http://bit.ly/A5qKrP
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