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'Spailout' Sights & Sounds
Wednesday, June 13, 2012 - 12:02pm | 683Ponder this for a brief second: before June 11, 2012, the financial jargon word “Spailout” never existed. Perhaps it was scribbled on a whiteboard hung in an investment bank conference room should Spain score some money from an outside party to save its banking system (sound smart: “bailout”),...
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Spanish "Bailout" and Market Reaction: What's the Rally?
Monday, June 11, 2012 - 6:01pm | 1145Over this past weekend the Spanish government secured $125 billion in bailout funds (Prime Minister Mariano Rajoy prefers to call it a line of credit) to secure the Spanish banks. The goal was to “ring fence” the banks from any further runs, particularly in light of this...
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How to Know More than a Politician on the Economy
Monday, June 11, 2012 - 2:25pm | 405Boy, we extend an open invitation to any government official to join us as a Decoding Wall St. member free for a week. The lines of questioning and understanding of the broad economy, and the economy’s intricacies, were very painful to listen to at Ben Bernanke’s latest presentation before...
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The Lie That Is Social Security
Tuesday, June 5, 2012 - 1:12pm | 1172By Lance Roberts, Street Talk Live The problems facing the U.S. economy are daunting especially when it comes the issues of Government spending and the current deficit. We recently wrote about the dependency on Government programs which is currently making up as much as 35% of personal incomes...
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The US Economy and the United Nations: Bold Strategies Needed - Tax Reform and Benefits Reform
Monday, June 4, 2012 - 11:16am | 1408The Economic Issues and Some Defensive Strategies and Ideas According to the WESP "World Economic Situation and Prospects Report" from the United Nations, the US and global economy is in a rut and having extreme difficulty moving forward. The report recommends that governments must be...
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Honest Mom, I Only Bought the New Playboy to Read the Article on UMKC Economics
Monday, June 4, 2012 - 8:19am | 1388The UMKC economics department is featured in an article in the current Playboy that discusses the failure of theoclassical economics and economists to admit their theoretical and policy errors. The devotion of theoclassical economists to those errors has proven so dogmatic that their disastrous...
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Why India's Not Quite the Shining Star Many Hoped
Wednesday, May 30, 2012 - 11:22am | 1620By Satyajit Das, Minyanville At the time of its independence, India was a stable and relatively open economy with high rates of economic growth and significant international trade and investment. By the 1980s, however the picture had changed. Three decades of poor economic management meant India...
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The Uncertain Fate of the Olive Growing Countries and the Euro
Friday, May 25, 2012 - 8:45am | 757The debt crisis continuous to overwhelm Europe, and the prospects for countries most entrenched in debt, including Portugal, Italy, Greece, Spain, and Ireland, are dismal. Worse, whether these countries voluntarily leave or are coerced to leave, it is conceivable that Germany may opt to go solo...
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Are Taxes Too Low in the USA?
Thursday, May 24, 2012 - 8:05am | 751A recent Bloomberg Businessweek article, “Mr. Normal Meets Mrs. Merkel” got me thinking. Why are Americans screaming about their tax levels? We have among the lowest federal tax rates in the civilized world and certainly the lowest our country has experienced in the past several decades. In the...
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Will Student Loans Cause an Economic Armageddon?
Wednesday, May 23, 2012 - 6:17pm | 1296In 2006, the underpinnings of the American financial system began to crack from a speculative bubble in the country’s housing market. Fueled by irrational exuberance in which homeowners believed their home prices would rise forever, this was made worse by Main Street and Wall Street,...
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The "Conomy" Game- The Legend of Bennie The Beard, Henry the Hitman, and the Gangbankster Dealers
Thursday, May 17, 2012 - 5:23pm | 1910Courtesy of Lee Adler of the Wall Street Examiner The Industrial Production news today reminds me of a story. It’s a story that shows just how the Fed’s manipulation drives both the stock market and the 'conomy. It’s also a story of the twisted personalities behind the...
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Californicated?
Wednesday, May 16, 2012 - 12:55pm | 767Californicated? Visit with a few posts by Russ Winter and Mish Shedlock. California and “Solving Problems” Courtesy of Russ Winter of Winter Watch at Wall Street Examiner American masters of the universe and their toadies give self serving lip service to covering some...
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New York Times Reporters need to Read Krugman's Columns
Monday, May 7, 2012 - 3:07am | 3634To know the Washington Consensus as a regular citizen is to hate the Consensus. The Washington Consensus, as the name implies, was an “inside the beltway” series of neo-liberal policies embraced by the IMF, the World Bank, and the U.S. government. It called for a minimal State and an all-...
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Fixed Income Allocation: 7 Places to Put Your Cash Today
Wednesday, May 2, 2012 - 11:39am | 1452By Peter Tchir, Minyanville Timing in fixed income markets can be as important as it is in equities. With so many more liquid opportunities in fixed income now compared to the past, this is a meaningful risk management tool. This “active” component will also include ideas in equity and commodity...
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Geithner channels Greenspan and Airbrushes Fraud out of our Crises
Monday, April 30, 2012 - 4:40pm | 5253On April 25, 2012, Treasury Secretary Geithner made remarkable statements about the role of elite financial fraud and greed in producing our recurrent, intensifying financial crises. In this first installment I focus on the first of five problems with Geithner’s claims: (1) he does not understand...