At the request of one of our readers, and with the UK Budget announcement tomorrow, we thought today was as good a day as any to do a piece on the UK's credit rating.A popular view, at least until the UK election, was that the UK would get downgraded, as its budget deficit of 11% rivaled that of Greece. It was also hypothesized that the cost of bailing out the financial system would lead to
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If LPL decides to launch anytime soon and#8212; as of yet, no date has been set and#8212; it will be doing so smack dab in the middle of an incredibly difficult market for IPOs in general and financial services stocks in particular.
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Publishing my weekly newsletter on Sunday should offer some clear advantages. Normally, the weekend provides time for both inspection and preparation. Allowing the markets to settle, we can examine the week that was, analyze key events scheduled to occur over coming days, and create a strategy independent of the market's noise. Now is not a normal time. Following a brutal week in which the Dow J
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Permanent depression is the subject of my essay today at Asia Times. I review the sources of funding for Treasury deficit and show how it is choking
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The International Monetary Fund updated its Global Financial Stability Report Wednesday. I received a barrage of emails from analyst cohorts telling
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Well, I promised a thrilling ride yesterday and we sure got one! We had a quick and wild drop right out of the gate, falling 75 points off Wednesday&
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Money managers are always looking for an advantage to help them better understand the market and get an edge in their stock selection process. The Applied Finance Group's (AFG’s) Market Forecast Project (MFP) has served that purpose for over 300 investment professionals that participate, and it continues to grow. In our 11th issue of the MFP we have identified the favorite long and
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While today’s jobless claims report continued to show a, more or less, steady trend down to both initial and continued unemployment claims with a nearly textbook peak shaping up, considering the federal extended claims data offers a more dire view of the state of the job market and of the economy as a whole.Seasonally adjusted “initial” unemployment claims declined by 43,000 to
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A federal judge in Rhode Island let stand some civil legal claims by two insurance companies against an estate-planning attorney and others who used newspaper ads to recruit dozens of terminally ill people for purchases of variable annuities.The judge, in U.S. District Court in Providence, R.I., in a Wednesday ruling let stand fraud, conspiracy and other claims against the estate-planning attorne
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By Bryan McCormick A very interesting divergence between Asian and European markets reached an extreme last night.
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