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The Fed's Pipeline: Fudging CPI Numbers For A "Contained" Inflation
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 - Mar 03, 2013

Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: "We could exit without ever selling by letting it run off." ...

 
Overview: The Swedish GDP‏
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 - Mar 03, 2013

We were living with the impression that Q4 12 GDP would be fairly unexciting. We need to revise that attitude. The calendar adjusted GDP came in at 1.4% y/y (flat q/q) – on the surface, slightly...

 
US Equity Markets Decline, Asian Counterpart Follows Suite,EU Stabilizes
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 - Mar 03, 2013

EU sovereign markets continue to stabilise after the Italian elections.US equity markets declined as US Senate rejects plan to replace Sequester despite stronger-than-expected economic data.Asian ...

 
Obama's Plea Will Fall On Deaf Ears
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 - Mar 03, 2013

President Obama just spoke on TV on the "sequestration" issue, which begins to take effect today. Government leaders have had two years to come up with a different plan and haven't. I can't assume ...

 
The Week Ahead: Is There A Stop Sign At The Old Market Top?
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 - Mar 03, 2013

There is a psychological barrier at market tops. Think about this conundrum: By definition, a former top failed. That is how it got to be a top!A new high is the most bullish thing a market can do. ...

 
Indicator Update For February 23rd
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 - Mar 03, 2013

As a small housekeeping note, I am posting the Indicator Snapshot for last week. This allows a complete record of the data series.I plan to post the WTWA column regularly, even when traveling or ...

 
Spring Forward
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 - Mar 03, 2013

The latest week certainly left the impression of a movie seen several times before. From across the Atlantic came yet another warning that all is not well in the land of the euro. It wasn’t ...

 
“Se-Frustration” Medicine Tough To Swallow
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 - Mar 03, 2013

Over the last few years, the Washington D.C. fear du jour has migrated from debt ceiling to elections and now from fiscal cliff to sequestration. A better term for the $85 billion triggering of ...

 
What Do Bank of Japan, China’s Government And The Fed Have In Common?
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 - Mar 03, 2013

As we’ve noted in recent articles, the US Federal Reserve has blown another bubble in stocks and facilitating the exact same risk-taking behavior that brought about the 2008. The Fed realizing that ...

 
COLA Changes: Pros And Cons
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 - Mar 03, 2013

The Congressional Budget Office (CBO) released a report that evaluates the consequences of adopting the chained CPI. I was surprised by the results. The numbers are “so good” that this approach will ...

 
FDIC Deposit Insurance Fund Balance at 17-Quarter High
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 - Mar 03, 2013

FDIC Deposit Insurance Fund The FDIC Deposit Insurance Fund (DIF) balance and related Provision for Insurance Losses (PIL) indicate continued improvement through the 3 months ended December 31, 2012. ...

 
FDIC Problem Banks List Drops To 13-Quarter Low
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 - Mar 03, 2013

The FDIC problem banks list decreased by 43 to 651 at December 31, 2012 for the 7th consecutive quarterly decline and a 13-quarter low. The total continues very high, but has dropped below 700 after ...

 
Sequester: No Matter What Happens, It Is Wrong
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 - Mar 03, 2013

CBO [Congressional Budget Office] requests appropriations of $45.7 million for fiscal year 2014. That amount represents an increase of $1.6 million, or 3.7 percent, from the $44.1 million (on an ...

 
Coalition Between Bersani And Berlusconi Seen As Likely
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 - Mar 03, 2013

The euro held above $1.30 on Friday morning after uncertainty in Italy overshadowed positive data from the Spanish economy.Italy's election results this week gave investors reason to believe the ...

 
Finding The Perfect Hedging Tool: Can It Be Done?
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 - Mar 03, 2013

We have always been believers in the idea that a proper hedge is essential to the creation of a well-rounded equity portfolio. However, there is a severe lack of proper hedging instruments available ...

 
Real Disposable Income Per Capita: The January Effect
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 - Mar 03, 2013

Earlier this morning I posted my latest Big Four update featuring today's release of the January data Real Personal Income Less Transfer Payments. Now let's take a closer look at a somewhat different ...

 
ECRI "Recession" Update: Proprietary Indicators Continue To Slip
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 - Mar 03, 2013

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) slipped again in today's update. It is now at 128.5 versus the previous week's 129.0 (revised from 129.1). See the WLI ...