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 GuardianUK First-Quarter GDP Falls 0.3%, More Than Initial EstimateBloombergThe UK economy shrank more than initially estimated in the first quarter after construction was revised to show a deeper slump, which may bolster the case for the Bank of E...
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Globe and MailChina iron ore market "steady as it goes" - RioReuters* Rio not seeing signs of China demand slowdown - iron ore head * Rio could boost global ore output to 450 mln/T by 2016 * Fat margin iron ore projects not seen threatened by...
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AFPSingapore Economy Expands 10%, But Warns on Europe CrisisBusinessWeekBy Shamim Adam and Weiyi Lim on May 16, 2012 Singapore's government said the risk of a “disorderly” debt default in Europe can't be ruled out, clouding the outlook for ...
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CNBC.comJapan's Economy Grew 1% in January-March QuarterCNBC.comJapan's economy grew 1.0 percent in January-March from the previous quarter, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast...
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Members of the Federal Open Market Committee said at its latest meeting the U.S. remained on a path of moderate economic growth, though members seemed more willing to introduce another round of easing if the economy sputters. Minutes released Wednesday from the April 24-25 meeting signaled a committee mostly positive about the U.S. economy....
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I’m seeing some rather striking patterns in the data that tell us two main things: The market is not poised to recover, but will continue to see greater downward pressure on prices; and Real estate investment is likely to flatten out or start falling, erasing several percentage points of GDP growth. via China Real...
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WBAL BaltimoreUS stocks ready for reboundCNNBy CNNMoney staff @CNNMoneyInvest May 15, 2012: 7:45 AM ET NEW YORK (CNNMoney) -- US stocks were poised for a positive start Tuesday, following better-than-expected economic growth in Germany. The Dow Jones i...
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Telegraph.co.ukInstant View: German prelim first-quarter GDP unexpectedly strongReuters| BERLIN (Reuters) - German gross domestic product grew a surprise 0.5 percent in the first quarter in seasonally adjusted terms - well ahead of a consensus forecast...
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CBC.caCanada GDP drop cools talk of rate hikesReuters* Economy shrank by 0.2 pct, disappoints markets * GDP dropped on a series of temporary factors * Figure will cool enthusiasm for rate hikes By David Ljunggren OTTAWA, April 30 (Reuters) - Canada'...
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AsiaOneTaiwan Emerges From RecessionWall Street JournalBy FANNY LIU And ARIES POON TAIPEI—Taiwan emerged from a technical recession in the first quarter as expected, but an uncertain outlook for its major trading partners—China, the US and Europe...
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Moneycontrol.comEuropean Stocks May Edge Higher On Fed Stimulus HopesNASDAQ(RTTNews.com) - European stocks are set to open higher on Monday, as weaker- than- expected US GDP figures spurred speculation that the Federal Reserve will loosen monetary poli...
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Al-ArabiyaCrude ends up; weak GDP raises hopes for Fed easingEconomic TimesNEW YORK: US crude futures ended higher on Friday, up for the sixth session in a row, on hopes that weaker-than-expected growth data will spur the US Fed to initiate more moneta...
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AFPStay In Stocks Or Sell In May?Forbes“Sell in May and go away” is strategy that some investors and traders are likely contemplating right now. The adage is based on the historically weaker performance of stocks during the May through October time...
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BloombergEconomy in US Grew Less Than Forecast in First QuarterBloombergThe US economy expanded less than forecast in the first quarter as a smaller contribution from inventories overshadowed the biggest gain in consumer spending in more than a year. G...
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“You have to dance while the music is playing”- Chuck Prince, Citigroup mucky muck, shortly before 2008 crisis Of late Zero Hedge has been mentioning the presence of one large JP Morgan trader nicknamed the whale (Bruno Iksil). Tuesday ZH broa...
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Power generation at the giant utility Huaneng Power in China was up less than 1% for the Q1. Two other Chinese electrical giants GD Power and Huadian Power showed a decline of 1.3% and an increase of 6.0% respectively. Look like 8.1% GDP g...
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I got a chuckle from this article in the Economist: (Link)
For several years I have been pushing against all of the voices saying that it was essential that financial derivatives be banned or that their use be dramatically curtailed.
It isn’t tha...
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In their "final" revision of their estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.97%, down a mere 0.01 percent from their last estimate for the f...
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The consumer confidence index showed expectations for high inflation in the next six months has reached its highest level in six months. The MIT survey has been updated and shows inflation tilting back up. I really wonder about prices and quality of...
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Here are the true debt exposures of Spain, when all the regional, bank, and “other” guaranteed debts are included. In a report issued on 2/29/12 and apparently ignored by everyone including the ratings agencies, Eurostat reports that Spain...
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As a consequence of shuttering nuke capacity, Japan has added to imports of fuel oil by a whopping 5% of GDP. Obviously this, China stockpiling and the Iran situation is having a major impact on oil. Turning loose speculators with zero cost money ca...
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Is Apple going to $1,000 per share and dragging the market higher with it?
Sometimes one chart tells us more than a thicket of charts. Every analyst and punter seeks an "edge" by plotting and comparing innumerable indicators, ratios, correlat...
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After receiving 530b euros of fresh funds from the ECB, European banks immediately redeposited 300b of it right back at the ECB. Total overnight deposits at the ECB now total 777b euros up from 475b yesterday .
Spain’s PM said their budget deficit ...
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If this rally runs out of steam, history suggests the next move down could plumb depths not seen in years.
If the market rolls over here, the next bottom might be a lot lower than most players think possible. After all, the "news" is all posi...
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France May be the Domino that Causes the Euro to Collapse
Commentators are wringing their hands again, worried the troubles in Spain could cause the whole euro project to collapse. As a result, all eyes are now on Spanish 10-year debt yields, which went above 6% last week as the threat of euro-chaos returned. But it's not Spain the markets should be...
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