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Stocks eased off their highs in the final minutes of trading, but still finished the first trading day of 2012 with a bang, as Wall Street cheered a handful of better-than-expected economic reports from around the world. The Dow Jones Industrial Average jumped 179.82 points, or 1.47 percent, to finish at 12,397.38, led by Alcoa and JPMorgan .
The Daily Bell is pleased to publish this interview with Gerald Celente . Introduction: Forecasting trends since 1980, Mr. Gerald Celente, Founder/Director of the Trends Research Institute , is author of the highly acclaimed and best selling books, Trend Tracking and Trends 2000 (Warner Books) and publisher of the Trends Journal .
I have received enough calls and emails on this within the last few weeks to A.) cause concern and B.) merit a post. People are having difficulty withdrawing cash from banks.
That the fine economists at the San Fran Fed are known to spend good taxpayer money in order to solve such challenging white paper conundrums as whether water is wet, or whether a pound of air is heavier than a pound of lead (see here and here ) has long been known. Furthermore, since the fine economists at said central planning establishment happen to, well, be economists, they without fail frame each problem in such a goal-seeked way that only allows for one explanation: typically the one that economics textbooks would prescribe as having been the explanation to begin with.
Psychopaths Caused the Financial Crisis … And They Will Do It Again and Again Unless They Are Removed From PowerPsychopaths Caused the Financial Crisis Bloomberg notes : The “corporate psychopaths” at the helm of our financial institutions are to blame [for the financial crisis].
By Greg Hunter’s USAWatchdog.com Last week, I saw an interview in USA Today with JP Morgan Chase CEO Jamie Dimon.
Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom. Pablo Martinez Monsivais / AP
Making Money On Poverty: JP Morgan Makes Bigger Profits When The Number Of Americans On Food Stamps Goes UpHow would you feel if someone told you that one of the largest banks on Wall Street makes more money whenever the number of Americans on food stamps goes up?
By MIKE SPECTOR And DANA MATTIOLI
Companies / Technology Jan 25, 2012 - 06:16 AM GMT By: Gary_North Kodak declared bankruptcy last week.
The S&P 500 closed above its closing high hit last October, a technical breakout that could spark more buying , chart analysts and traders said. How much buying, though, is subject to debate.
Exit from comment view mode. Click to hide this space Comments View/Create comment on this paragraph BERKELEY – In 1950, finance and insurance in the United States accounted for 2.8% of GDP, according to US Department of Commerce estimates. By 1960, that share had grown to 3.8% of GDP, and reached 6% of GDP in 1990. Today, it is 8.4% of GDP, and it is not shrinking. The Wall Street Journal’s Justin Lahart reports that the 2010 share was higher than the previous peak share in 2006.
This misplaced focus said a lot about our political culture, in particular about how disconnected Congress is from the suffering of ordinary Americans.
When I first began the process of launching the Alternative Market Project, the idea and scope were rooted in analytical papers I had written years before on aspects of centralization versus decentralization, and globalization versus localization. Back then, I saw these conflicting economic systems as mutually generative.