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The Economy
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We kept wondering the past 4-5 months when the dollar would end its head scratching rally - last week we wrote that signs of "the" shift were finally afoot, but we wanted to wait a bit longer to see confirmation. [Dec 11: Dollar v Gold - Can we Trust this Change?] These signs continue and at this p...
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tbm.thebigmoney.com
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Dec 17, 2008
For President-elect Barack Obama, the sagging economy is the gift that keeps on giving. First, it helped get him elected. Now it's giving him a mandate to spend more than he ever could under normal circumstances.
read more
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bloggingstocks.com
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Dec 17, 2008
Filed under: Oil, RecessionWith the CPI dropping and the cost of fuel moving down 17% last month, analysts are concerned that deflation will start to undermine the ability of businesses to get profitable sales and for the housing market to recover its ability to stage a price recovery.
OPEC may chan...
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Bloomberg
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Dec 17, 2008
Part 3 on How to Fix the Economy in 2009: Interview with Merrill Lynch Chief Economist David Rosenberg
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moneymorning.com
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Dec 11, 2008
By Jason Simpkins
Associate Editor
Money Morning
The U.S. trade deficit grew in October as both the volume of oil exports and our trade deficit with China surged to a record highs. A ...
Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. M...
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money.cnn.com
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Dec 11, 2008
Will the 10th time be the charm for Ben Bernanke and the Federal Reserve?
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bloggingstocks.com
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Dec 11, 2008
about
FNM, FRE
Filed under: Federal Natl Mtge (FNM), Housing, Recession, Financial CrisisFinally, some good news for the holidays, but as always these day, with grain of salt. Foreclosure filings dropped 7% in November from the previous month according to RealtyTrac. That's one in every 488 households nationwide....
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bloggingstocks.com
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Dec 11, 2008
Filed under: Economic data, Housing, Financial CrisisThe deflation drumbeat continues. As prices drop, businesses produce less and they cut the people doing the producing. With the exception of stocks and oil, it seems that nowhere are prices falling faster than in houses -- slashing $10 trillion in...
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bloggingstocks.com
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Dec 11, 2008
about
ERTS, ATVI
Filed under: Earnings reports, Bad news, Newsletters, Electronic Arts (ERTS), Activision Inc (ATVI), Stocks to SellWith two young children I am reacquainting myself with the holiday cartoon classics. One of my favorites is A Charlie Brown Christmas, where Charlie is ridiculed for the half-dead tree...
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clusterstock.alleyinsider.com
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Dec 10, 2008
How much of consumer purchases this season will be made on layaway plans? The layaway concept largely faded from view as the public used credit cards and home equity to fuel consumer demand. But Google searches imply that interest in layaway purchase plans has skyrocketed as our economic conditions...
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alleyinsider.com
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Dec 08, 2008
In today's paper, the New York Times took a turn playing CNBC's favorite game show -- Call! That! Bottom! -- and came up with the usual murky results.
The best case scenario is that November's job losses are the worst we'll see. If that's truly the case -- and who knows? -- we'll all be able to clos...
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bloggingstocks.com
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Dec 08, 2008
Filed under: Forecasts, Politics, Recession, Financial CrisisThe key feature in President-elect Barack Obama's proposed infrastructure spending program? Construction and renovation projects must be initiated now, and in the immediate months ahead, in order to provide as much stimulus to the U.S. eco...
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portfolio.com
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Dec 08, 2008
The word of the day is re-default:
Comptroller of the Currency John C. Dugan said today that new data shows that more than half of loans modified in the first quarter of 2008 fell delinquent within six months...
A key question, Mr. Dugan said, is why is the number of re-defaults so high? "Is...
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fundmymutualfund.com
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Dec 08, 2008
This story is exactly why it's so tricky to be an investor. The great hope now is 4.5% mortgage rates for all, modifying loans for all, and we can get this American engine of consumption back on its tracks. That's thesis. Reality is millions now live in underwater homes (they owe more than the v...
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bloggingstocks.com
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Dec 08, 2008
Filed under: International markets, Forecasts, Other issues, RecessionDo you remember 'decoupling' -- the notion that emerging market economies China, India, and Brazil / Latin America, among others, could grow independently without needing U.S. consumption?Well, decoupling is on pace to to go down...
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bloggingstocks.com
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Nov 26, 2008
about
FNM, FRE
Filed under: Federal Natl Mtge (FNM), Housing, Financial CrisisDespite cutting the Fed Funds rate from 5.25% to 1% since August 2007, mortgage rates remained stubbornly high. They also remained elevated after the $800 billion bailout of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). It finally...
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bloggingstocks.com
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Nov 26, 2008
Filed under: Forecasts, Housing, RecessionU.S. new home sales fell 5.3% to a seasonally adjusted, annualized pace of 433,000 in October -- the lowest annualized level since 1991, the U.S. Commerce Department announced Wednesday (pdf). Economists surveyed by Bloomberg News had expected October new ho...
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knowledge.wharton.upenn.edu
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Nov 26, 2008
Is the cavalry coming to rescue troubled homeowners? Despite soaring foreclosure rates, President Bush and other Republicans have not made this a top priority. But this could soon change: President-elect Barak Obama and fellow Democrats say reducing foreclosures is crucial to attacking the financial...
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knowledge.wharton.upenn.edu
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Nov 26, 2008
Most Americans aren't used to dealing with financial panics. The same can't be said for Mexico, whose emerging economy suffered calamitous shocks as recently as the 1990s. Pedro Aspe, Mexico's Secretary of Finance from 1988 to 1994, brought a perspective born of experience to his recent Wharton Lead...
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knowledge.wharton.upenn.edu
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Nov 26, 2008
Before the stock market and the broader economy can return to something that looks like normal, banks must start to lend the billions they are getting from the U.S. Treasury's Troubled Asset Recovery Program, said Wharton finance professor Jeremy Siegel. In an interview with Knowledge@Wharton, he al...
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