Mubarak resigns the Presidency of egypt

Hosni Mubarak, Egypt’s embattled “President” has resigned along with other cohorts from the ruling National Democratic Party.  This is the end of a very tense situation in the Middle East.  I am certain that financial markets around the world will rally on this news.   Now the hard work begins.   The overriding question is: what will the government of Egypt look like...
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Circumstantial evidence of Chinese bubble from the IEA

Starting several years ago I have been pointing out the overheating of the Chinese economy here on the blog.  One of the difficult things about evaluating anything out of China is the poor quality of their official economic statistics.  So while the Chinese government reports that gross domestic product (GDP) in China has grown 10.3% – you have to take the data with a grain of salt.  ...
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10 February 2011: New Age Journal Front Page Story

An article that I wrote is the front page article for the New Age Journal!  The article is entitled, “5 Obstacles to Accessing Your Intuition.”  I hope that you enjoy the article and benefit from its information.
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An improvement in jobless claims

The United States Department of Labor announced this morning that its weekly jobless claims data has improved.  Specifically the data show that the number of people filing for new unemployment benefits fell by 36,000 last week to a level of 383,000.   Because this data is notoriously volatile, and is also estimated (which you can tell because the numbers are round), a four-week moving...
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Data affirms that houses are affordable

Moody’s Analytics announced data this morning that indicates that homes in the United States are the most affordable they have been since before the massive real estate bubble.  Specifically, the data compare median home prices to median household income.   Clearly the lower the ratio the better.  In September the ratio hit a level of 1.6 as compared to the height of the bubble in...
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Obama laying the groundwork for 2012 elections?

Yesterday President Barack Obama spoke before the U.S. Chamber of Commerce.  His speech was similar to a point I made several months ago when  I called upon business leaders in the United States to start spending some of their hoarded $2 trillion in cash to hire new employees and to invest in the country.   Obama said, “Ask yourselves what you can do for America.  Ask yourselves what...
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A proactive China is a good thing

Early this morning the Chinese central bank announced that it was going to raise its benchmark interest rates for deposits and lending by another 0.25%.  Specifically, the benchmark rates are: 5.81-6.06% for lending and 2.75-3.00% for deposits.  This is the third increase since October 19.   Analysis: I have spoken often about the overheating of the Chinese economy and the need for a...
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