IMF Outlook for Global Economy Gloomy
There is little growth on the horizon for the global economy, and a significant likelihood of further trouble, believes the International Monetary Fund....
Markets
Corn Syrup Makers Seek Name Change for Sweetener
With high-fructose corn syrup suffering from years of bad press, and consumption of the popular sweetener falling to a 20-year low over concerns...
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Recession is Over?
With a straight face, the National Bureau of Economic Research (NBER) announced that the Great Recession ended last June. June of 2009, that...
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Bernanke Whitewashes Fed Responsibility for “Great Recession”
Federal Reserve Board Chairman Ben Bernanke largely whitewashed Federal Reserve responsibility for the housing bubble and resultant economic recession in testimony before the...
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Housing Bubble Refuses to Re-Inflate
Housing sales dropped by more than 25 percent nationwide in July, according to the National Association of Realtors, after a federal tax credit...
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Fed Confirms Recovery Stalled
When the Federal Open Market Committee announced yesterday that “the pace of economic recovery is likely to be more modest in the near...
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From China, With Love
Addison Wiggin asked his readers to imagine an older happily married couple, having their usual morning breakfast together: They work well together, though...
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The Invisible Recovery
On Friday Reuters reported that non-government payrolls rose only slightly in June and overall employment fell “for the first time this year …...
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Fannie and Freddie De-listed From NYSE: Now What?
When ABC News announced that Fannie Mae and Freddie Mac would be de-listed by the New York Stock Exchange on July 8, writer...
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Fannie/Freddie Bailout May Reach 1 Trillion
Just when Americans thought that the bailouts were over, Bloomberg Financial News service reported on June 13 that the final tab for Fannie...
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Fed Manipulations in the Crosshairs
Before the economic meltdown was in full swing, a Florida real-estate developer named William Pitts correctly read the signs pointing toward tough times...
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Economic Forecast: Summer of Discontent
After six straight months of gains in consumer spending the April numbers showed no change from March, according to the Commerce Department. This...
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Mortgage Defaults Increasing
According to the New York Times, “A growing number of the people whose homes are in foreclosure are refusing to slink away in...
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Top Banks Conspired to Defraud Taxpayers
More than a dozen top American banks were involved in a conspiracy to swindle taxpayers by rigging auctions in the $2.8 trillion municipal...
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Dow Theory’s Russell Says Major Crash Coming
The day after the “flash crash” in the stock market on May 6th, Richard Russell, the octogenarian author of the Dow Theory Letters,...
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