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The Bulls Are Idiots :: Top Gun Financial Planning

1 hour, 41 minutes ago ago from Top Gun Financial Planning

Last week, two prominent commentators came out with bullish pieces.  I was anxious to read them to measure the bullish case, but in the end I was unpersuaded. ***** The first piece was from Princeton Economist, and former Vice Chairman of the Federal Reserve Board, Alan Blinder in last Wednesday's Wall Street Journal : The Case For Optimism On The Economy , Alan Blinder, The Wall Street Journal , December 16. Blinder lists ...

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Brian Wesbury Is Clueless :: Top Gun Financial Planning

1 hour, 41 minutes ago ago from Top Gun Financial Planning

Brian Wesbury, Chief Economist at First Trust Advisors and a regular on CNBC, especially The Kudlow Report, has a piece up at Forbes today titled: The Recession Is Over : Now it looks like our V-shaped recovery is underway.  When the NBER eventually gets around to declaring the recession end date, we think it will be May 2009. In our view, there are no more shoes to drop. Wesbury is notable mainly for his ability to get ...

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Plodding, unsteady recovery, says CBI

4 hours ago ago from U.K. News Room

The UK faces only a “slow and anaemic” recovery that will leave the economy still operating at below pre-recession levels in two years’ time, the CBI warned on Sunday. The employers’ group is forecasting growth of 1.2 per cent next year and 2.5 per cent in 2011, but that will not be enough to reverse the nearly 6 per cent fall in output during the downturn. Even as the economy looks likely to grow again this quarter, the CBI said ...

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Reason to doubt oil price resilience in 2010

4 hours ago ago from ArabianMoney.Net

Commodity speculation with cheap money, emerging market demand and a weaker dollar have helped to keep oil prices higher than they should have been in a recession during 2009. There is good reason to think these forces will not sustain oil prices next year. First, we are seeing signs all over the world of a tightening [...]

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Japan Exports Show Double-Dip Recession Less Likely

13 hours ago ago from GoldTradingCalls.com

Japan’s exports rose by the most in seven years in November, reducing worries that the country’s economy will fall into another recession next year. See the original post here: Japan Exports Show Double-Dip Recession Less Likely

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OPEC Is in the Catbird Seat

17 hours ago ago from BloggingStocks

Let's just say OPEC is in an enviable position. Come to think of it -- when hasn't OPEC been in an enviable position? OPEC heads into its December meeting next week "in the catbird seat," to cite an old phrase popularized by the late, great Red Barber . OPEC does not have to cut production to keep prices high -- they're already high: oil closed Friday up 40 cents to $73.05 per barrel. The roughly doubling of oil's price in 2009 is the main ...

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