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Who Actually Votes In America?
Depending on how one views the current state of the union, this infographic from TakePart.com offers insight into who is to be thanked or which cohort of our illustrious population didn't do enough to...
View ArticleDon’t play hanky-panky with Bernanke
I have been busily watching the markets and assessing the new economic numbers and there is a good deal of confusion to sort out in the economic reports for the US to be sure. And there is also a great...
View ArticleMixed Results As Spain Sells More Bonds Than Expected, But Pays Up As Yields...
Traders were watching Spain cautiously this morning which at around 4 am Eastern sold €2.52 billion of three- and five-year government bonds, in its first bond auction since Standard & Poor's cut...
View ArticleGuest Post: Myths and Realities of Returning to a Gold Standard
Submitted by Terry Coxon of Casey Research Myths And Realities Of Returning To A Gold Standard The gold standard, under which any holder of paper dollars could redeem them for gold at the US Treasury,...
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ZH Evening Wrap Up 5/31/12
Some Headlines From Today - Morgan Stanley's Gorman defends handling of Facebook IPO - Spain says it has at least until October to raise enough funds to rescue Bankia - Newly issued Mortgage...
View ArticleNews That Matters
Thetrader.se “PIIGS” we are informed in the current Wikipedia entry “is a pejorative acronym used to refer to the economies of Portugal, Italy, Greece and Spain. Since 2008, the term has included...
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What's Wrong With This Picture?
One final attempt to terrify all those who plan on voting for Syriza into submission, or.... h/t insidegame
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Overnight Sentiment: Bath Salty
Just about an hour before the US non-farm payroll number is expected to print, and finally resolve the lingering question whether the Chairman will print in 3 weeks, things in Europe have gone from...
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Global PMI Summary
All we can say is thank god for Hungary and, well, uhhh, Greece (that would be pre XGD Greece of course) in keeping the monthly average somehwat respectable.
View ArticleFrontrunning: June 1
Germany shifts, gives Spain more time on deficit (Reuters) Europe must prepare an emergency plan (FT) EU Spain reveals €100bn capital flight (FT) Spain’s Guindos says future of Euro at stake in Spain...
View ArticleComplete Eurocrisis Summary
Confused by the latest developments, headlines, stories, counterstories, denials, counterdenials and rumors, but mostly prayers out of Europe? Here is your one stop shop of everything that has...
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Facebook IPO: Once Again, Wall Street Wins, Muppets Lose
By EconMatters We warned of a social network tech bubble 2.0 over a year ago due to the hype and overvaluation of Facebook based on the reported deals by Goldman Sacks and a Russian investment...
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Guest Post: Debt Is Not Wealth
Via John Aziz of Azizonomics, Here’s the status quo: These figures are staggering; the advanced nations typically have between three and ten times as much total debt as they have economic activity....
View ArticleOnce Again, Here Is The Full Playbook
Two weeks of utter confusion by most market participants out there, when the complete deja vu scenario is so very clear. To help out those banging their heads over what is happening, here, once again,...
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"We Are Off The 2012 Lows" By About 10 Points
While the Dow Jones Industrial Average crossed into negative territory for the year on Friday, E-Mini and the S&P are still "off the lows" of the year (low print was 1259.75 on January 5th)....
View ArticleEverything is Getting Gummed up in Greece
Wolf Richter www.testosteronepit.com Tourism, Greece’s second largest industry after the shipping industry, and already in a downdraft, is taking another hit as tour-bus drivers will go on strike...
View ArticleLarry Summers Does It Again
Back in October 2011, our inaugural "Quote of the Week" went to that destroyer of pretty much everything, value most certainly included, Larry Summers: "The central irony of financial crisis is that...
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The Central Banks Will Save You! – and other Hooks to Avoid
The Central Banks Will Save You! – and other Hooks to Avoid Courtesy of Russ Winter of Winter Watch at Wall Street Examiner Over the last few days, I have noticed increasing chatter about QE and other...
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Capital Destruction in Natural Gas
Wolf Richter www.testosteronepit.com Dirt cheap natural gas over the last few years has done wonders for America—and it’s not just cheap compared to oil and coal but cheap compared to history: the...
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ZH Evening Wrap Up 6/4/12
Some headlines from today - John Paulson not only wastes his investors money, he apparently also likes to waste his own: Buys Saudi Prince's Aspen Palace for a cool $49M - Goldman Sachs cuts...
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