Recent Posts
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Detroit Considers Selling Off Art Collection To Meet Debt Obligations
A spokesman for Kevyn Orr, the man the state appointed as emergency manager of Detroit, said that selling the city’s art collection is being considered as a way to cover...
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New Orders For Durable Goods Increase 3.3% In April
The U.S. Census Bureau reports that new orders for durable goods increased 3.3% in April to a seasonally adjusted $222.6 billion. April’s increase follows a 5.9% decrease in March, and...
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Stockholm Is Burning: Swedish Riots Enter 4th Day
For the fourth straight day, Stockholm has undergone mass rioting, arson, and other criminal activity. Sweden is one of the last places one would expect to see this kind of...
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KC Fed Manufacturing Index Moves Into Expansion For First Time In 8 Months
The Kansas City Federal Reserve reports that the composite index of its Kansas City Fed manufacturing survey is a reading of +2 in May. This is an improvement from April’s reading of...
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Latest Data Shows Unexpected Growth In Singapore
While most of the developed world has been cutting interest rates to spur growth, some countries in Southeast Asia are actually looking to raise rates. Singapore’s most recent GDP data...
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FHFA Sees House Prices Rise 1.3% In March
The U.S. Federal Housing Finance Agency reports that its national house price index (FHFA HPI) increased 1.3% from February to March. This increase follows a 0.9% increase in February, and...
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Jobless Claims Decline To 340k
The U.S. Department of Labor reports that initial jobless claims for the week ending May 18 were a seasonally adjusted 340k. This is a decline from the prior week’s revised...
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High Value Homes In The U.S. Are Not Evenly Distributed
With U.S. house prices ever so slowly creeping back up, the number of high value homes, or those homes worth $500,000 or more, will increase as well. According to Goldman...
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Hedge Fund Performance Lagging Way Behind The Market In 2013
In a recent release, Goldman Sachs compares the year-to-date performance of the S&P 500, the average mutual fund, and hedge funds. The S&P 500 has gained 15.4% this year and...
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Rearranging European Debt Doesn’t Remedy Fiscal Imbalances
Europe has used a variety of financial mechanisms to rearrange the debts of its nations and to provide stimulus/bailout monies. It’s important to realize though that the problem is not just the interest...
