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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Peru Yields Rise to Five-Week High as Europe Crisis Curbs DemandBloomberg“As long as people are wondering about a potential Greek departure from the euro, there'll be a challenging backdrop for EM and Latam markets.” Peru's government has r...
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IBTimes.co.ukAs Europe's Debt Crisis Grows, 'The Street Has Taken Control'CNBC.comThere's a new phrase being used to describe Europe's financial crisis: “the street has taken control.” Coined during the Latin American debt crisi...
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JPMorgan Said to Hire Ex-SEC Enforcement Chief McLucasBloombergJPMorgan Chase & Co. (JPM), the biggest US bank, has hired former US Securities and Exchange Commission enforcement chief William McLucas to help respond to regulatory probes of the fir...
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The GuardianTsipras: Greek crisis is also Europe'sUPI.com"What people have to understand is that the Greek crisis concerns not just Greece but all European people, so a common European solution has to be found," said Tsipras, the 37-year-...
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BloombergFacebook Underwriters Said to Support Stock at Near $38 a ShareBloombergFacebook Inc. (FB) underwriters purchased the company's stock to keep it from falling below $38 a share after debuting on the Nasdaq Stock Market, people with knowledg...
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SlashGearPinterest Raises $100 Million With $1.5 Billion ValuationWall Street JournalBy PUI-WING TAM Pinterest, the online scrapbooking website that has become a Silicon Valley darling because of its rapid user growth, has raised $100 million in a fina...
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The Federal Bureau of Investigation is examining potential wrongdoing surrounding JPMorgan Chase‘s $2 billion trading loss, people briefed on the matter said Tuesday. The investigation, which is at an early stage, will focus on several possible lines of inquiry, the people briefed on the matter said. Among other things, investigators will examine JPMorgan’s accounting...
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WKBW-TVMore Memorial Day travelers expected to hit the roadFox NewsWhile high gas prices may keep people closer to home this year, more Americans will still be hitting the road this Memorial Day weekend than last. AAA projects that 34.8 million America...
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Everyone who’s anyone (and some other people too) has a view on what will happen to the value of the euro if Greece makes an exit. Probably of dubious predictive use, but here is a selection for your interest (with our emphasis): The rest via FT Alphaville » Grexit and the euro: an exercise...
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PBSSlim Job Growth in April, But Fewer Americans Reporting They WorkedPBSPeople wait in line at a job fair in the Queens borough of New York City. Photo by Spencer Platt/Getty Images. It's time for the unemployment news, and our monthly U-7, the mo...
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NEW YORK (AP) — MasterCard’s first-quarter profit rose 25 percent on a big spike in card use overseas. The Purchase, N.Y.-based payments processor said Wednesday that its net income was $682 million, or $5.36 per share, on revenue of $1.8 billion. That exceeded Wall Street’s expectations of a profit of $5.29 per share, on...
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Most people seem to have a hard time understanding why the markets do what they do.
The only reason I don't is that I've been trading professionally for 30 years.
Not that I "got it" when I started out. I didn't. I had to learn. And I learned...
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Social fractals and social control myths help explain the complete corruption of America.
Correspondent Kathy K. recently elucidated a powerful concept: social fractals. We typically think of fractals--structures that are scale-invariant--as ...
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Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006...
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A rising empire rewards people who contribute to its growth and invest in its future. The empire’s decline begins when certain members of society are over-rewarded by means of privileges, and the empire’s money is wasted on outdated endeavors. ...
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In an open letter posted on Reddit, a first year Wall Street analyst is doing his part to help Occupy Wall Street — by explaining how some of the things they're most upset about actually work.
"I'm writing this in hopes that the OWS movement ca...
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Amazing how responsive and efficient the government is when protecting the profits of the corporatocracy. Not that I'm defending copyright infringement.
Of course this has to be done to protect people from buying fake drugs. I'm wondering if the Fed ...
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PONTIAC, Mich.—To get to city hall, you drive up I-75, past the empty Silverdome where the Detroit Lions used to play, and into a nondescript concrete municipal building. The city clerk was laid off a few days ago, but the door to her office hangs...
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Most people in America understand that, to fix our massive debt-and-deficit problem, we're going to have to raise taxes and cut spending.
Raise taxes AND cut spending. Not one or the other.
But some people insist that the problem can be fixed by ...
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So far, the market has lived up to my prediction of a waterfall decline, and now everyone wants to know if it's going to continue. Today we're going to take a look at a few things and try to answer that.
First of all, it helps to know what a waterfal...
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So far, the market has lived up to my prediction of a waterfall decline, and now everyone wants to know if it's going to continue. Today we're going to take a look at a few things and try to answer that.
First of all, it helps to know ...
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Sovereign debt is thought to be safe because, as we all know, nations always pay their debts. While individual nations go bankrupt from time to time, we maintain our faith in sovereign debt because the majority of nations don’t. But what happens if several nations go bankrupt in a very short span of...
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At some point this whole things gonna regress into plain old fashion riots in the streets, forget the agenda. The agenda can be read between the lines and it reads something like this "The people are pissed"
To hear debate attempting to add structure,...
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What if, today or Monday, the S&P 500 (SPX) suddenly broke out of the trading range it's been in since August?
Weak bears would likely cover their shorts immediately, and bulls would almost certainly add to the...
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A lot fewer people are going to the doctor this year, and no, that's not a good thing.
Here's JP Morgan's John Rex: Sept ’11 office visit volumes down 8% y/y, while the sequential throughput measure increases 6% from August.... Primary care trend...
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SPX Update: As the Market Grinds Lower, Complacency Abounds
Yesterday, both counts expected more downside, which the market provided. The picture has clarified just a little bit, and, as I see it, there are two main options for the short-term resolution. What's interesting about this market is that it's...
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