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Will The Fed Lower The Unemployment Threshold In December?

November 5, 2013

Zero Hedge (Blog) – Goldman Forecasts Fed Will Lower Rate-Hike Threshold In December To Counter Taper Tantrum Via Goldman Sachs The most senior Fed staff economists for monetary policy analysis and domestic macroeconomics, William English and David Wilcox, have published separate studies that imply a strong case for a reduction in the 6.5% unemployment threshold… Continue reading Will The Fed Lower The Unemployment Threshold In December?

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The Largest Mutual Fund On The Planet Is …

November 5, 2013

<Click on chart for larger image> Reuters – Pimco Total Return loses title as world’s largest mutual fund Bill Gross’s Pimco Total Return Fund had outflows of $4.4 billion in October, stripping it of its status as the world’s largest mutual fund on lagging performance this year, data from Morningstar showed Monday. The outflows marked… Continue reading The Largest Mutual Fund On The Planet Is …

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China’s Growth

November 5, 2013

<Click on chart for larger image> Reuters – China premier warns against loose money policies China needs to sustain economic growth of 7.2 percent to ensure a stable job market, Premier Li Keqiang said as he warned the government against further expanding already loose money policies. In one of the few occasions when a top… Continue reading China’s Growth

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Does The Fed Have An Endgame?

November 5, 2013

MSN/Money – Jim Juback: The Fed has no endgame Whenever tapering begins, the Federal Reserve will still face the bigger challenge of unwinding its $4 trillion balance sheet. That will shape the market and economy for years to come. The financial markets are focused on guessing when the Federal Reserve will begin to reduce its… Continue reading Does The Fed Have An Endgame?

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Bubble Talk, Global Edition

November 5, 2013

CNBC – ‘Definitely a bubble brewing’ in stock market The market might be heading into bubble territory, but it’s not time to get out of stocks yet, Simon Baker of Baker Avenue Asset Management said Monday.  “I love the rally,” he said. “I definitely think there’s a bubble brewing, but you have to be long… Continue reading Bubble Talk, Global Edition

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Jim Grant Speaks

November 5, 2013

CFA Institute – James Grant: “Bull Cases Are Always Hypothetical. Bear Cases, Self-Evident.” (Video) The US Congress may have averted default with its October agreement to extend the debt ceiling until early February, but the possibility remains that the conflict will be repeated the next time the United States reaches its borrowing limit. According to James… Continue reading Jim Grant Speaks

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Margin Debt

November 5, 2013

Bloomberg.com – Barry Ritholtz: Don’t Sweat Margin Debt One data point that has found a home among the bearish community is the total amount of New York Stock Exchange margin debt. It is at record highs, and this supposedly means the end of the bull market is nigh.  The cyclical bull that began in March… Continue reading Margin Debt

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EU Accepts Reality

November 5, 2013

The Wall Street Journal – EU Expects Sluggish Growth, High Unemployment to Persist Economy Predicted to Contract Again in 2013 and Grow at 1.1% Next Year The European Union’s official economists on Tuesday said that subdued growth will keep the bloc’s unemployment rate near record highs through 2015, as private-sector debt cuts and continued government… Continue reading EU Accepts Reality

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Tax The Rich!

November 5, 2013

Project Syndicate – Kenneth Rogoff: Why Wealth Taxes Are Not Enough Should advanced countries implement wealth taxes as a means of stabilizing and reducing public debt over the medium term? The normally conservative International Monetary Fund has given the idea surprisingly emphatic support. The IMF calculates that a one-time 10% wealth levy, if introduced quickly… Continue reading Tax The Rich!

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The Inflation Myth

November 5, 2013

Barron’s – Deflating the Inflation Myth Contrary to recent assertions, rising prices don’t help profits or encourage people to spend quickly. Desperate times can breed ideas born of desperation. The sluggish rate of economic growth is getting blamed on a new scapegoat, the tame rate of price inflation. The consumer price index ran just 1.2%… Continue reading The Inflation Myth

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Cartoons

November 5, 2013

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Spotting A Bubble

November 4, 2013

The New York Post – John Crudele: The markets will crash, the question is ‘when?’ Larry Fink, the esteemed head of investment giant BlackRock, thinks the financial markets are “bubble-like.” And he says so publicly. The Wall Street Journal points out in an Oct. 27 article that a growing number of Internet companies that aren’t… Continue reading Spotting A Bubble