Apr 23

New Home Sales Plunge 14.5%; It’s Not the

The Census Bureau report New Residential Sales Report shows sales of new single-family houses in March 2014 were at a…

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Apr 22

ECB Threatens Negative Interest Rates; Bank of NY

ECB president Mario Draghi has been making lots of noise recently about cutting interest rates because the euro is too…

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Apr 21

Japan Trade Deficit Largest in History; Imports Soar,

Those who think a collapsing currency is a sure-fire way to increase exports need to rethink their beliefs. Despite a falling…

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Apr 19

“Insatiable” Idiocy from the Economist on What to

In "Insatiable" the Economist says "The cost of stopping the Russian bear now is high—but it will only get higher…

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Apr 17

Putin Threatens Military Intervention in Ukraine; Obama’s Hypocritical

In his strongest message yet to Ukraine, the EU, and US, Putin says Russia ready to act in Ukraine Russian President…

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Apr 16

Austerity In Spain? Where? Public Debt Threatens to

EL Pais reports Spanish Public Debt Threatens to Exceed 100% of GDP in 2014 Via translation General government debt accumulated through February…

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Apr 15

Specter of Civil War; Putin’s Army Hiding –

Today the government of Ukraine moved with force against the separatists, evoking a Specter of Civil War. Ukraine unleashed an offensive…

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Apr 14

Pro-Russia Separatists Defy Ukraine Deadline; Russia Promises to

There is no sign of tension easing in the Ukraine today. Russia promises to protect the protesters from violence as…

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Apr 13

State Department Cannot Account for Billions of Contracts;

The state department cannot account for $6 billion in paid bills. The contracts are missing. Did the contracts even exit?…

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Apr 12

Armed Men Seize Police Station in Slavyansk; Ukraine

The crisis in Ukraine took a turn for the worse this weekend. Many distinct events are in play. Here are…

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Apr 11

JPMorgan Earnings Drop 18.5%; Slowdown in Housing the

Stocks have been soaring mostly on investor sentiment. That sentiment was partially based on the belief earnings would continue to…

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Apr 10

Putin Sends Letter to 18 Countries Threatening to

The pipeline of natural gas to Ukraine and Europe is on the verge of shutdown this morning. Putin sent letters…

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Apr 9

“Fixed Income Only Positive Return Asset Class in

I don't believe the growth estimates of the IMF and neither does Steen Jakobsen, Chief Economist of Saxo Bank. Steen goes…

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Apr 8

IMF Upbeat on US and Global Growth, Steen

In a 204 page IMF Report on World Economic Economic Outlook the IMF predicts 3.0 percent US growth in 2014,…

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Apr 7

US Treasury Warns China Over Yuan Depreciation; Treasury

In yet another case of blatant US hypocrisy, Bloomberg reports U.S. Treasury Warns Against China Reviving Yuan Controls. A backtracking by…

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Apr 5

Australia’s House Prices ‘Flashing Red’, Debt to Income

Australia's housing bubble is back in full swing. Prices rose almost 11 percent over the past year to record levels…

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Apr 3

China Sees Sharpest Contraction of Output Since November

It's a mixed bag in Asia, but all things considered an overall weak one. Let's take a look at the…

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Mar 31

Damn the Bubbles, More Printing Ahead; Property Bubbles

Damn the Bubbles, More Printing Ahead Fed Chair Janet Yellen was tooting her own horn today. Yahoo! Finance reports Yellen strongly…

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Mar 30

China Accelerates Bad Debt Writeoffs; Reflections on “Policies

Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result…

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