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Bears on the Brink: ‘I Can’t Fight It Anymore’
Though it’s already a few weeks into winter, Wall Street bears may be finally ready to hibernate, though no doubt against their will.
A powerful rally in which virtually all fears have been bypassed has pushed stock marketdetractors to the brink, ready to wave the proverbial white flag as the only direction for the market seems to be up, up, up.
“They’re almost ready to [...]
From Zero Hedge:
In November 2008, President Barack Obama won the popular election for president by 9.5 million votes. A burgeoning financial crisis and weakening economy helped his candidacy at the time, but four years on the sluggish pace of economic recovery is a headwind to his re-election.
Consider, for example, that there are currently 12.8 million people unemployed in the U.S., or that an estimated 8 million adults entered the SNAP [...]
Zerohedge
In November 2008, President Barack Obama won the popular election for President by 9.5 million votes. A burgeoning financial crisis and weakening economy helped his candidacy at the time, but four years on the sluggish pace of economic recovery is a headwind to his re-election. Consider, for example, that there are currently 12.8 million people unemployed in the U.S., or that an estimated 8 million adults entered the SNAP (Food [...]
President Barack Obama, House Minority Leader Nancy Pelosi and Senate Majority Leader Harry Reid. (AP Photo/J. Scott Applewhite)
(CNSNews.com) – The amount of money the federal government takes out of the U.S. economy in taxes will increase by more than 30 percent between 2012 and 2014, according to the Budget and Economic Outlookpublished today by the CBO.
At the same time, according to CBO, the economy will remain sluggish, partly because of higher [...]
‘Stay tuned’ for a new round of ‘dramatic enforcement actions’ against Wall St., says Geithner. | AP Photo
Treasury Secretary Timothy Geithner suggested Friday that a new round of “dramatic enforcement actions” against Wall Street wrongdoing is coming.
“Stay tuned for that,” Geithner said.
Asked on CNBC about the Occupy Wall Street movement’s frustrations over the lack of criminal charges related to the financial crisis, Geithner said action is on the [...]
The Federal Reserve said on Tuesday it stood ready to provide additional support to bolster a modest economic recovery, suggesting it may be preparing to do more to keep unemployment from rising and prices from falling.
The U.S. central bank made no shift in monetary policy at the end of a one-day meeting, although it expressed somewhat greater concern about the sluggish pace of economic growth [...]
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