And now markets are in the green. Another bear-slaughter almost in the bag.
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And now markets are in the green. Another bear-slaughter almost in the bag.
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FT Alphaville: RBS: A Greek Default would be tantamount to the end of the euro.
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Credit Suisse: Since March 2009, retail investors have sold 82 billion USD of equity and bought 93 billion of bonds, and have just now started to buy equities.
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FT Alphaville: Greece CDS spreads are trading at a record, and the contagion is spreading to Portugal and Spain.
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Just one hour until our LIVE coverage of Apple’s Q2 earnings report. Join us at 4 p.m., and read our Apple earnings preview now →
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FT Alphaville: Icelandic volcano ash and the Eurozone, a primer from RBS.
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ForexLive theorizes that news of the UK’s investigation into Goldman Sachs is causing the pound to be hammered in late Sunday trading. Seems plausible, the idea being that PM Brown’s political needs will prompt him to undermine the country’s safehaven, pro-finance status.
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Der Spiegel: How the eruption of Eyjafjallajökull created Europe’s worst transportation crisis ever.
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Did China just announce a floating interest rate strategy? ZeroHedge posts a Dow Jones newswire headline saying the country will. Jamie Coleman at ForexLive believes the comments are offhanded remarks from Hu. Stay tuned…
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FT: Nouril Roubini’s RGE Monitor has published a bizarre call for a military coup in Brazil. (Via Felix Salmon)
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Fund manager Eric Sprott on CNBC. See our recent interview with him here.
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Counter Culture: And now restaurant sales are doing awesome too.
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BLOOMBERG: Greece schedules emergency meeting with IMF to finalize aid package.
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Something’s rebounding — Japanese steel product orders soar 56.3% in February.
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“If Treasury could miraculously unload its entire stake in Citi (C) right now, it would make a profit of nearly $13 billion” — Dan Gross
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WASHINGTON (AP) – Fed survey: Economic recovery spreads to most parts of the country in the early spring.
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