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A New Deal For A New American Dream
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 - Dec 24, 2012

Four years ago, when President Obama was first elected, the US economy was experiencing harsh recession. The collapse was initiated by the burst of the housing bubble in a context of excessive ...

 
Hungary: Dancing On A Volcano
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 - Dec 24, 2012

When the global financial and economic crisis struck in fall 2008, Hungary appeared to be particularly vulnerable, burdened by high levels of external and public debt resulting from years of ...

 
Why Bernanke Is Terrified Of 2013
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 - Dec 24, 2012

On December 12, the US Federal Reserve surprised yet again by announcing QE 4: a program through which it would purchase $45 billion of US Treasuries every month.Between this program and the Fed’s QE ...

 
4 Notable Developments That Could Effect Holiday Markets
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 - Dec 24, 2012

Yes, it is the holiday season. Yes, you are unlikely to be taking action with your investments. Yes, the morphing of what is into what will be continues uninterrupted. There were several developments ...

 
Optimistic End-Of-Year On Financial Markets
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 - Dec 23, 2012

The euro and the stock markets at a year-highA rally which is not only technical …The euro and the stock markets ended the year 2012 on a strong note. If the predictive power attributed to the ...

 
Eurozone: A Conditional Rebound
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 - Dec 23, 2012

2012 will be remembered as the most chaotic year of the eurozone. Although the GDP contraction proved to be much milder than in 2009, the factors that provoked it were unprecedented.Austerity policies...

 
The Week In The US: All We Want For Christmas Is A Deal
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 - Dec 23, 2012

Averting the fiscal cliff is the single element that will save the US economy from a renewed recession, which would have terrible effects on the labour market, with no possibility for the Fed to even ...

 
The Week In The Eurozone: Efforts Begin To Pay Off
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 - Dec 23, 2012

The eurozone’s peripheral countries have embarked on a long and difficult adjustment process, but it is beginning to pay off. This can be seen in the absorption of current account deficits in ...

 
A Minimal European Budget For 2013 Approved By 27 Member States
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 - Dec 23, 2012

The 2013 budget has just been approved by the 27 member states, but no agreement was reached on the 2014-2020 multiannual financial framework (MFF).Net contributors do not want to participate further ...

 
Spanish Banking Sector: A Period Of Recapitalisation And Clean-Up
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 - Dec 23, 2012

Nearly six months after the European agreement on rescuing the Spanish banking system, the industry is moving into a new decisive phase. By approving their restructuring plans, based on a sharp ...

 
Canadian Retail Sales Rise 0.7% In October
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 - Dec 23, 2012

FACTS: Canadian retail sales rose 0.7% in October, topping consensus expectations. There was also a onetick upward revision to the prior month from +0.1% to +0.2%. In October, there were stronger ...

 
Canada: CPI Falls In November
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 - Dec 23, 2012

FACTS: Both headline (+0.8% y/y) and core CPI inflation (+1.2%) decreased in November. On a monthly basis, headline CPI was down (-0.2%) and core inflation remained unchanged (0.0%). On a seasonally ...

 
Canadian GDP Rose 0.1% In October
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 - Dec 23, 2012

FACTS: Real GDP rose 0.1% in October, the first increase in three months (top chart). The goods sector was flat, after a 0.3% decrease in the prior month. Strength in oil and gas (+0.4%) was offset by...

 
Equity Markets Rally In Recent Weeks
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 - Dec 23, 2012

Equity markets have rallied in recent weeks, encouraged by favourable developments, notably in the political arena in Europe and in the U.S. Since pulling back 3.5% early in Q4, the global index (MSCI...

 
Commodity Currencies Weakened On US Fiscal Cliff Impasse
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 - Dec 23, 2012

The dollar and yen are staying in a tight range against European majors as consolidations continue. Meanwhile, global equities are weighed down by US fiscal cliff impasse. Risk aversion pressures ...

 
US: Merry Cliffmas‏
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 - Dec 23, 2012

Despite progress in negotiations, the US Congress has failed to pass legislation before Christmas that averts the substantial fiscal tightening about to hit the US economy on 1 January. The Congress ...

 
Market Outlook: A Chill In The Air
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 - Dec 23, 2012

Per custom, the Christmas and New Year’s issues of MarketWeek will be holiday-length (some might call this my gift to readers). It’s a good exercise in being concise. After I heard ...