European Downgrades: Will There Really Be a Fallout?

On Friday, after the close of business in the stock market, S&P downgraded 9 European countries. Spain and Italy were both taken down another notch, leaving Italy with a BBB+ rating and Spain with an A.

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U.S. Exports to China Have Increased by 21% per Year Since 2005, Twice the 11% Growth in Imports

As much as we continually hear about China’s currency manipulation to artificially increase its exports to the U.S., the chart above shows something very interesting. When: a) monthly U.S. exports to China, and b) monthly imports from China,

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Reuters Says Invest In Yourself

For many years I’ve been writing about the extent to which retirement will not be the same for people as it was for their parents (obvious observation) and that this has created a problem/challenge for each of us to solve for ourselves-

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Risk assets gain after economic trough

The storm hitting the global economy appears to be dissipating as economic conditions continue to deteriorate, but at a slower rate.

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The Currency Market’s Biggest Horror Story

It’s “horror movie ending time” for the currency markets.
We all know how this works. Whether it’s Freddy Krueger in “A Nightmare on Elm Street,” Jason in “Friday the 13th,” or Michael Myers in “Halloween,” they all end the same way…
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Ack! They Are Actually Going To Let Greece Default!

I wish that I had an “aha moment” to share with you today, but instead all I have is an “ack moment” to share.  As I was analyzing all of the info coming out of Europe in recent days, I came to the following realization: “Ack!

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If You Are A Blue Collar Worker In America You Are An Endangered Species

Have you ever heard of the dodo bird?  Once upon a time, dodo birds lived on the island of Mauritius in the Indian Ocean.  But if you go there today you won’t find any because they are extinct.  Well, if you are a blue collar worker in America today it looks like you are headed for a similar fate.

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Black Friday Didn’t Matter

Now, admittedly, I caught some slack for saying that, since the news outlets were reporting “the best Black Friday in years.” But the fact that people were leaving Thanksgiving Dinner only to wait outside a store for hours in the cold before it opened at midnight to save $5 seemed desperate…

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All eyes on Pimco’s ETF clone

Pimco, whose Total Return Fund is the biggest Kahuna in the mutual fund world, expects to make just as big a splash with the ETF version of the fund.

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Sachs: The Price of Civilization

anything goes in the pursuit of wealth, with its roots in the 1980’s at least.   As we have seen throughout history and in our own experience, the heirs of other people’s hardship and unearned wealth through luck or birth often become dissolute and corrupt in their later years.

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