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| | | ... they foreclosed on delinquent mortgages. Weak trade data and jobless figures also eroded confidence." And this from Bloomberg: "U.S. stocks declined, dragging benchmark indexes down from five-month highs, as financial companies slumped amid concern over ... |
| | | | ... dollars. This is not hard to imagine, especially given last night's reports on company profits and China. According to Bloomberg, "Going into this earnings season, more than 70 percent of S&P 500 companies have topped the average analyst earnings estimate ... |
| | | | ... And why shouldn't I be? Not only were these indices up for the month, September's rally was broad-based. According to Bloomberg, "All 10 industry groups in the S&P 500 and all 30 stocks in the Dow have gained in September..." But that's that, September's ... |
| | | | ... 1.4-percentage point contribution to GDP has just been plucked from the air, here's a more "scientific" accounting. According to Bloomberg, "Naoko Ogata, a senior researcher at the Japan Research Institute, a Tokyo-based think tank, predicts last-minute ... |
| | | | ... uncertainty. There's still the problem with Europe's sovereign debt. It might flare up again. Wait... it's flared up again. Bloomberg reported last night that, "Irish 10-year yields surged 17 basis points to 6.74 percent and the premium investors demand ... |
| | | | ... longer grieving. In fact, the S&P 500 index looks on track to claim its "biggest September gain in 71 years" - unless Bloomberg is mistaken, that is not a typo. So what's the deal with gold then? Last time I looked, gold was flirting with the US$1,300 ... |
| | | | ... still reeling from the previous day's FOMC assessment that the US economy remains weak. Ok, let's give it that. But Bloomberg took it a bit farther. "The Fed said yesterday for the first time that slowing inflation and sluggish growth may need more action ... |
| | | | ... deflation... or both. Bad, bad news. What does this mean for the Australian dollar? I linked this in because of a recent Bloomberg report that the "Aussie is 27 per cent too expensive" based on purchasing power parity. This means that the Australian ... |
| | | | ... petrol prices) and less on discretionary spending. Worse, Americans were only enticed to spend because of, according to Bloomberg, "Bigger back-to-school discounts, an increase in the number of states offering tax-free holidays and the restoration of ... |
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