Obama’s Austerity Agenda And Sequestration

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TweetYum March 22, 2013 MEDIA ROOTS — “Both parties have conspired to bring us disaster,” says Professor William K. Black, a leading white collar criminologist, who also teaches economics and law at the University of Missouri-Kansas City. “This has strangled the recovery and may even put the economy back into recession.”  Professor Black gives a […]

Fed stress testing banks against 13% unemployment, 50% drop in stock market

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TweetYum By Joe Weisenthal | BusinessInsider.com The Fed just announced that the latest round of bank stress tests will come out Thursday at 4:30 PM ET. As a reminder, this is the doom scenario banks will be stress tested against: The supervisory stress scenario for CCAR 2012, which was designed in November 2011, depicts a […]

3 doomsaying experts who foresee economic devastation ahead

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TweetYum By Adam Shell, USA TODAY Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come. Harry Dent, author of the new book […]

S&P 500 Rises to Highest Level Since 2008

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TweetYum By Rita Nazareth, Bloomberg.com U.S. stocks rose, sending the Standard & Poor’s 500 Index above its highest close since 2008, as better-than-estimated consumer sentiment and home sales reports bolstered confidence in the world’s largest economy. American International Group Inc. added 2 percent after profit jumped 77 percent. Salesforce.com (CRM) Inc., the largest seller of […]

Earnings Propping Up Market, For Now

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TweetYum By Ed Butowsky, FOX Business Why are stocks going higher when there is so much risk to earnings. Simply put, stock prices move up and down based on expected earnings. However, institutional investors and professional money managers add one more criteria to the evaluation process. With more than 90% of the volume on the […]