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Why The Real Earnings Picture Is Bad And Getting Worse
Listening to the incessant chatter of confirmation bias from CNBC, you could be forgiven for thinking that earnings are 'not that bad'. Headline-makers like AMZN, GOOG, and AAPL scare for a few moments...
View ArticleForget 1%, 99% Or 47%: It Is The Turn Of The 70% To Be Pissed
Submitted by Mike Krieger of Liberty Blitzkrieg blog, Whoever expects to be ignorant and free in a state of civilization expects what never was and never will be.-Thomas Jefferson Bipartisan usually...
View ArticleGuest Post: Putin Is the New Global Shah of Oil
Submitted by Marin Katusa via Casey Research, Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs...
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Could the U.S. Election Release the Bulls?
Could the U.S. Election Release the Bulls? Justin Burkhardt | FXFocus.com The Bear. Or the Bull. That is the question. With polls tightening, traders around the world are looking for that perfect hedge...
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The Complete 'Advanced' Economy Sovereign Ratings Cheat-Sheet
S&P recently acted to markedly downgrade Spain, and Moody’s has ended its recent ratings review, leaving Spain at Baa3; and while ratings could remain largely stable in the short-term (supported by...
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More than a Dozen Nuclear Plants Near Hurricane Sandy’s Path Brace for Impact
Bloomberg reports: “Because of the size of [Hurricane Sandy], we could see an impact to coastal and inland plants,” Neil Sheehan, a spokesman based in Philadelphia for the U.S. Nuclear Regulatory...
View ArticleGuest Post: A Golden Opportunity
Submitted by Patrick Barron via the Ludwig von Mises Institute, The euro debt crisis in Europe has presented Germany with a unique opportunity to lead the world away from monetary destruction and its...
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Hurricane Sandy Update
Still unsure if to laugh off Sandy, memories of the overblown New York City panic over Irene still fresh, or if to sandbag the basement and first two floors of your house? Here is the latest on the...
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China Warns It Will Respond "Forcefully" To Japanese Violation Of Its...
While the topic of the Japanese purchase of the contested [Senkaku|Diaoyu] Islands may have receded from the front pages of global media for lack of any major recent developments, the issue is still...
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Too Much Rain Will Kill Ya
The farmers have a saying: A drought will scare you to death, too much rain will kill ya. As of noon on Saturday, there are still two different forecasts for where Sandy is going to hit. It makes...
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"Go South, Young Man": The Africa Scramble
While those in the power and money echelons of the "developed" world scramble day after day to hold the pieces of the collapsing tower of cards in place (and manipulating public perception that all is...
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As Thousands Of Italians March Against Austerity On "No Monti Day",...
First, it was Greece who failed to stick with the "do not rock the boat until the US election" script so meticulously crafted by Tim Geithner, and now it is Italy's turn as Europe threatens to come...
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A CRuSTY CRiTTER AND aN INTeRPLaNeTaRY BuLL SHiTTeR...
. Meet Pagrubo-klepto-idea, the common Wall Street hermit crab. Social animals usually congregate for protection or mating. However, biologists have recently discovered that crusty Pagrubo has a more...
View ArticleBundesbank's Official Statment On Where It's Gold Is (And Isn't)
Three days ago, as a result of recent discoveries relating to Germany's official sovereign gold inventory, we asked a rhetorical question: "Why Did The Bundesbank Secretly Withdraw Two-Thirds Of Its...
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Meanwhile In Japan...
Two of the saving features that allowed Japan to internalize 30-some years of failed fiscal and monetary policy (and yes, not one, not two, but now 8 failed iterations of quantitative easing) and to...
View ArticleOn Europe And The Future Of International Relations
Authored by Rodrigo Serrano of Rational Capitalist Speculator, Since the 2008 financial crisis the foundations of the global economy have been in repair, translating into a prolonged period of economic...
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Guest Post: GDP - The Warning Signs From Exports
Via Lance Roberts of Street Talk Live, Over the past several months we have been discussing that this is no longer your "father's economy." What we have meant by this is the economic environment today...
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Supersonic Fiscal Free Fall
From Slope of Hope's Sunday favorite BDI, here comes Evil Plan 93.0: Well, my fellow Slope-a-Dopes, I've been hearing a lot about the dreaded "Fiscal Cliff" for quite some time now. So I decided to...
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Israel Conducts Air Strike On Sudan Missile Base In 'Dry Run' For Iran Attack
This past Wednesday, nobody reported that a squadron of 8 Israeli F-15 jets dropped 4 two-ton bombs on the giant Yarmouk missile factory on the outskirts of Sudan's capital Khartoum. Which is just as...
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