From The Business InsiderGood morning. Here’s what you need to know: * Asian indices are mostly down this morning, with the Shanghai Composite down a notable 2.03%. Europe is also lower in morning trading, and U.S. futures are also d
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A lot of ink and pixels have been spilled this week over the ICI’s report that equity mutual funds suffered net withdrawals totaling over $33 billion in the first seven months of 2010. Myriad reasons were cited for the trend, including a mistrust of stock
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From The Business Insider All-around ugly. The close was especially bad.But first, the scoreboard:Dow: -134NASDAQ: -36S&P 500: -15.5And now, the top stories: * The day really started last night when
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We have a “fundamentally corrupt financial system” and the Dodd-Frank reform bill did nothing to change it, says Boston University economics professor Laurence Kotlikoff. “Relatively little has changed except there are going to be
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From The Business InsiderLast night, WSJ’s John Hilsenrath reported that at the last FOMC meeting, several of the Fed governors expressed reservations about the plan to maintain the size of the balance sheet, and roll over MBS into Trea
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Nothing, it seems, can get the stock market moving forward these days. Case in point: Stocks slumped late Monday as economic anxieties outweighed any excitement from the latest round of M&A news, including HP’s bid for 3PAR.Some might chalk up the lac
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It’s the beginning of the end for the U.S. dollar.
China made headlines last week, overtaking Japan as the second-largest economy in the world. However, Damien Hoffman, co-founder of Wallstcheatsheet.com, says it was other news out of China that
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Individual investors are fed up with the stock market. Burnt by 10 years of negative returns, two crashes, and a current economy mired with high unemployment and lackluster growth, many are throwing in the towel.
Investors have pulled $33.12 billion
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Well, the experts are weighing in again. And, once again, they agree: Housing is a lousy investment. And it always will be. But wait. Just a few years ago, weren’t the experts saying that housing was always a great investment? That house prices woul
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Health-care reform has receded from the headlines since President Obama signed the bill into law in March. But the question of how to pay for coverage and keep costs down remains unanswered.
“They have a panel that’s supposed to ove
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The Congressional Budget Office (CBO) forecasts the U.S. budget deficit will hit $1.3 trillion this year. An astronomical figure, to be sure, but that’s lower than was projected in March. It’s also less than last year’s record $1.41 tr
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From The Business InsiderIt’s not an idea you’ll hear in America, but the Brits at FT Energy Source give a nice discussion of how the oil spill will bring job growth to the Gulf.Short-term it was hell for the region, killing jobs in fis
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August has been a hot bed of merger & acquisition activity, including:— Intel to buy McAfee for $7.7 billion
— Mining giant BHP Billiton wants to takeover agricultural goliath Potash for $40 billion.
— Dell to buy 3PAR for about $
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There’s a lot of talk these days about America being an empire in decline. Gerald Celente, director of the Trends Research Institute, goes a step further, arguing America is following a similar path as the former Soviet Union.
“Whil
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The fake “recovery” was nice while it lasted, says famous apocalyptic forecaster Gerald Celente, founder of the Trends Research Institute. But now the fun’s over, and we’re headed for what Celente describes as the “Greatest Depression. …
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