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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The West AustralianAustralian Consumer Sentiment Index +0.8% In May Vs AprilNASDAQSYDNEY -(Dow Jones)- Interest rate cuts, a fall in the jobless rate and a federal budget that included cash payments for families have failed to improve the consumer mood...
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“Consumer Confidence Rises to 4-Year High,” blared the Bloomberg headline in a font that really was that big. That’s just so wrong. So wrong. I mean, should we really be jumping up and down, shouting, “Hip Hip HOORAY! Hip Hip HOORAY!” Uh… no. Let’s look at the first key point that Bloomberg made. Household...
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Bloomberg
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
December 11, 2011, 7:26 PM EST
By Daniel Kruger and Liz Capo McCormick
Dec. 12 (Bloomberg) -- The strengthening U.S. economy is proving no deterrent to the biggest rally in ...
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U.S. companies with significant exposure to Europe will take a profit hit regardless of how the Eurozone debt crisis shakes out.
The financial strain of Europe's efforts to avert default among its troubled members - Portugal, Italy, Ireland, Greece and Spain (PIIGS) - has set the Eurozone...
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October 9, 2011
Recession Officially Over, U.S. Incomes Kept Falling
By ROBERT PEAR
WASHINGTON — In a grim sign of the enduring nature of the economic slump, household income declined more in the two years after the recession ended than it did durin...
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Stocks are down 13 percent from their July 22 peak.The VIX volatility index averaged 35 in August, up sharply from July.Household wealth losses so far this quarter total about 2.2 Trillion
The stock market slump has given Americans yet another reason ...
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Aug 13, 2011
The pain to come for Chinese exports
By Olivia Chung
HONG KONG - A slowing global economy on the back of debt woes in the United States and Europe will hurt China's exports in the long run - but not just yet, analysts and industry play...
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Investors, brace yourselves for more potential chaos.
After a week of massive declines across global financial markets, the stage was set for more selling pressure in Europe and on Wall Street as stock exchanges in Asia opened earlier this morning ...
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The silence is deafening. While the rest of the nation is heading back toward a double dip, Washington continues to obsess about future budget deficits. Why?
Republicans don’t want to do anything about jobs and wages. They’re so intent on unse...
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Cramer: Bernanke Is Doing the Right Thing
After Federal Reserve Chairman Ben Bernanke spoke to the press on Wednesday, stocks ended sharply up and climbed to new multi-year highs, even though Cramer said the Fed chief said nothing new.Bernanke did,...
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How can the dastard mention silver & junk bonds in the same sentence?
And what might "Peak Interventionist Economics" imply?
PIVOTAL EVENTS - MAR 23, 2011 Signs Of The Times Bob Hoye Institutional Advisors Mar 24, 2011 The following is part o...
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Have they been chugging the Kool Aid??
U.S. consumer confidence last week held close to the highest level in almost three years as more Americans said their finances were in good shape.
http://www.bloomberg...fort-index.html
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Fed Chair Bernanke Set to Speak; Comments Could Be Source of Volatility
By Joel Kruger, Technical Strategist
09 febrero 2011 12:45 GMT
There really isn’t all that much to talk about since the North American close with currencies continuing to...
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The Biggest Disconnect of All Time
by Mike Larson Fri. October 1, 2010
http://www.moneyandm...-40273?FIELD9=1
I'm seeing one of the biggest disconnects of all time — between the underlying U.S. economy and the performance of the stock market. J...
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John Hilsenrath at the Wall Street Journal does a nice job of reviewing and summarizing the dueling speeches of 3 Fed officials today. Not only are they in disagreement about what the Fed should do next, they don’t even seem to be able to agree on what exactly the economy is doing. What else...
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French Sept consumer confidence rises to -35. Up from revised -38 in July (previous -39). EUR/USD pops above 1.3600, presently at 1.3605
http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m5
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It’s odd the way the players pay attention to some numbers and not others. There’s no reason why the market should have been surprised by the ConCon. ABC News does a comprehensive consumer confidence survey weekly that always foreshadows the ConCon. Last Tuesday ABC had this to say:
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Lee Adler and Aaron Krowne dissect the Consumer Confidence and housing market data, and assess the outlook for stocks and bonds.
Not a subscriber? Click here to hear a free preview.
Listen to any podcast prior to April 22, 2009. Click here for archive. Be surprised!
Listen to the July 17, 2009 podcast in its entirety for...
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Over the years I have frequently pointed out what a stupid indicator the Conference Board’s Consumer Confidence indicator is, at least when it comes to the stock market. It’s like a dog chasing its tail. The Con Con, you see, follows the market. Then, each and every month for a half hour or so...
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The market soared on a survey indicating that consumer confidence has rebounded. The conventional wisdom is getting increasingly delusional. It seems obvious that the economy is going to have to start delivering to accommodate this expectation. Presumably this is function of the stock market rally and green shoots talk. As for me I am...
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Inflation causing economic boom, then bust
During the last four weeks, orders are below expectations for Whole Foods (WFMI), according to OTR Global Research, which tracks suppliers. Its research suggests the same trend is occurring for cruise lines and mobile hand sets. This merely confirms what should be apparent from looking at Gallup consumer tracking, that shows consumer confidence faded at the end of...
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