Thanks from a reader to Bears
Mr. Dan, When I started reading Angry Bear I was working as a technical editor (degree in English) and had zero knowledge of economics, but I was watching the (to me) economic weirdness going on in...
View ArticleForex: Euro Rallies On Hopes Surrounding EU Summit, Greek Aid Package
The Euro tracked higher ahead of the EU Budget Summit as the group makes a greater push for fiscal integration, but the headlines coming out of the meeting may fail to instill an improved outlook for...
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If The Right Gets Its Way, The 'Fiscal Cliff' Will Kill Social Security And...
In several posts recently I have discussed the harmful demands the right is engaging in related to the so-called "fiscal cliff" created by the original Bush tax cuts (set to sunset en masse), the...
View ArticleChina Manufacturing Recovery Boosts EUR
The HSBC Flash Purchasing Manager’s Index showed a reading of 50.4 which signals an expansion. It is the first time it has been above 50 in 13 months. While not a strong reading in itself, the fact...
View ArticleCatalonia: Much to Do about Nothing and Everything
Catalonia, one of Spain's most important economic regions hold elections on Sunday, November 25. Artur Mas, the premier, called a snap election when the Rajoy government refused to reset the internal...
View ArticleHappy Franksgiving!
We always thought Thanksgiving was celebrated on the last Thursday in November. Didn’t President Lincoln proclaim it?By the President of the United States of America. A Proclamation. The year that is...
View ArticleWages, prices, "profit", and productivity...and Black Friday too
Black Friday around here in New England begins to night in stores about 8 P.M. On the internet Black Friday's discounts began last week as the competition heats up between companies with stores and...
View ArticleTomorrow is the Last Vestige of Glass-Steagall
Banks in the United States may not be closed four days in a row.Read more posts on Angry Bear Blog »Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
View ArticleEconomist Special Report: France
The video is a follow-up of our post last week.France is slowly heading towards a crisis, says John Peet. Can the country be reformed before it is too late?(click here if video is not observable)Read...
View ArticleChina’s $3.8 Trillion Hemorrhage
As we covered yesterday, China is starting to hemorrhage money.How much?Over the past decade, about $3.8 trillion has left China illicitly. The trend, if you’ll recall yesterday’s discussion, is...
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We Are Facing An 'Austerity Bomb,' Not A 'Fiscal Cliff'
Keynesian economic theory is the only theory that has gotten much of what's gone on in the last few decades correct, but of course the GOP market fundamentalists, in reliance on the unrealistic...
View Article3 Best (And 3 Worst) ETF Performers Over The Last 3 Years
This past year has been marked by uncertainty, but nothing compared to recent years, prompting investors to return in droves from safe haven accounts to the U.S. stock market. Investors have their eyes...
View ArticleOpen thread Nov. 3, 2012
Read more posts on Angry Bear Blog »Please follow Money Game on Twitter and Facebook.Join the conversation about this story »
View ArticleHow Government “Works”, Part II
In the case of Egypt, people listened and obeyed — at least, as much as they did — because Pharaoh was, in theory, a god. In the case of Rome — with the exception of Caligula’s claims — and the Mongol...
View ArticleOverview of Liquidity Conditions in Euro Area
The euro has surpassed the 50% retracement of the slide since Oct 17 when it peaked near $1.3140. The 61.8% retracement comes in near $1.2960 and is seen as the next immediate objective. The driving...
View ArticleLate Night for EU Budget as US Holiday Continues
European leaders are still in Brussels as part of a two-day meeting to reach agreement on the EU budget. The budget as it stands is one trillion euros. Farm subsidies were passed after being backed by...
View ArticleScrew the Rich to Protect Super-Rich Campaign Contributors?
This item raised my eyebrows when I saw it. Joshua Tucker at The Monkey Cage points out that the Republicans are proposing we do exactly that.The idea (NYT, emphasis mine):…tax the entire salary earned...
View ArticleWeek in FX Asia – China Manufacturing Expands
HSBC released their preliminary Manufacturing Index for China this week. The reading was very encouraging as output is above the 50 point threshold which signals an expansion. This indicator was the...
View ArticleThe Black Market For Gold Is Booming
November 23, 2012 Hong Kong[Editor's note: Sovereign Man Chief investment Strategist Tim Staermose is filling in for Simon today.]The Philippines is richly endowed with minerals. So rich, in fact,...
View ArticleBest trade this week: Long EUR/JPY
Big moves in the world of FX this week but none bigger than EUR/JPY, which gained 3.1%. The pair had its best week since February and gained +350 pips.The yen has been the laggard for two weeks in a...
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