Monthly Archives: December 2010

AUD rises over 1.01

THE dollar was higher at noon after reaching an almost two month high overnight, as commodity currencies rose on the back of stronger resources prices. Read more: http://www.news.com.au/business/australian-dollar/dollar-higher-on-strong-commodity-prices/story-fn6t6wad-1225977928255#ixzz19StIIRBh

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The real USA deficit was over 2 trillion in 2010

If corporate accountants used government rules for their financial statements, they’d be jailed. That’s why we rarely see the real number of the federal deficit—a terrifying $2.1 trillion last year. http://taxprof.typepad.com/taxprof_blog/2010/12/bartlett-cooking.html

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European stocks advance to two year highs

European stocks climbed for a fifth day, with the benchmark gauge at a two-year high, as investors speculated that profits will overcome the sovereign-debt crisis and consumer sentiment rose more than expected this month. http://www.smh.com.au/business/markets/european-stocks-advance-to-twoyear-high-20101211-18t7w.html?rand=1292028260017

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US stocks climb to Post-Lehman high

US stocks rose on Friday, with the S&P 500 at its highest level since the week Lehman Brothers collapsed in 2008, and breaching technical levels that suggest the year-end rally will persist. http://www.smh.com.au/business/markets/us-stocks-climb-to-postlehman-high-20101211-18t5o.html

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Oil predicted to exceed $100 per barrel

If you would like to redistribute this article please respect FT.com’s ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited FT content. Email email hidden; JavaScript is required to buy additional … Continue reading

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Sobering US jobs chart

No end in sight to U.S. economic crisis as ‘scariest jobs chart ever’ shows post-recession unemployment is at its worst since World War Two Read more: http://www.dailymail.co.uk/news/article-1336078/Post-recession-unemployment-scariest-job-chart-worst-WW2.html#ixzz17Q8nK8w1 http://www.dailymail.co.uk/news/article-1336078/Post-recession-unemployment-scariest-job-chart-worst-WW2.html

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Is the Gold rush on borrowed time ?

Some time in the future the price of gold will crash and it won’t have a fairy-tale ending for the millions of investors who piled on in recent months http://blogs.reuters.com/deep-pocket/2010/11/29/coming-soon-the-loud-thud-of-a-gold-bust/?rpc=1120

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Will the Euro break apart ?

Faced with “almost terminal problems,” Dennis Gartman on Monday said the euro could soon unravel. “Eventually, the euro breaks apart into a northern euro and a southern euro,” said Gartman, explaining that the Continent’s many languages, religions and cultures are … Continue reading

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Nervous Europe trying to halt economic crisis

LONDON — Fears over the European financial crisis began to spread Tuesday from the weaker countries to healthier ones, including Italy and Belgium, and even much stronger Germany, spurring a stepped up search for a solution to the economic problems … Continue reading

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USA Housing Double dip

Nothing too fancy or hard to understand here… from the Just-released Case-Shiller index, it’s clear that the housing double dip is here. Read more: http://www.businessinsider.com/chart-of-the-day-case-shiller-september-2010-11#ixzz16qYjVf3f

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