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China Headed for 2012 ‘Hard Landing’: Shilling

China Headed for 2012 ‘Hard Landing’: Shilling | EconMatters | Scoop.it
China’s economy is headed for a “hard landing” this year as weaker demand overseas chokes off exports, said Gary Shilling, who correctly forecast the U.S. recession that began in December 2007.
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China Signals Caution on Loosening

China Signals Caution on Loosening | EconMatters | Scoop.it
China signaled caution toward more monetary loosening by holding off on a reduction in bank reserve requirements that some economists had predicted would come before a week-long holiday ending Jan. 28.
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Fitch downgrades 5 eurozone nations including Italy, Spain - The China Post

Fitch downgrades 5 eurozone nations including Italy, Spain - The China Post | EconMatters | Scoop.it
U.S. ratings agency Fitch says it is downgrading the credit ratings of five countries that use the euro, including economic heavyweights Italy and Spain.
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Greece, Bankers Expect Debt-Swap Deal Next Week

Greece, Bankers Expect Debt-Swap Deal Next Week | EconMatters | Scoop.it
Greece and its private creditors said they expect to complete a debt-swap accord in the coming week, after bondholders signaled they would accept European government demands for lower interest rates.
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Gold Rises to 6-Week High on Fed Rate Vow

Gold Rises to 6-Week High on Fed Rate Vow | EconMatters | Scoop.it
Gold jumped to its strongest in more than a month in choppy trade on Thursday after a promise by the U.S. Federal Reserve to keep rock-bottom rates for at least two more years helped burnish the metal's safe-haven appeal.
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Germany Backs ECB in Rejecting Lagarde’s Call to Take Losses on Greek Debt

Germany Backs ECB in Rejecting Lagarde’s Call to Take Losses on Greek Debt | EconMatters | Scoop.it
A senior member of Chancellor Angela Merkel’s government rejected suggestions that the European Central Bank take losses on its Greek debt holdings, backing the ECB in a dispute with the International Monetary Fund.
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North Dakota Oil Boom Brings Pain With Growth as Housing, Food Costs Soar

North Dakota Oil Boom Brings Pain With Growth as Housing, Food Costs Soar | EconMatters | Scoop.it
The gravel road that borders Dave Hynek’s North Dakota farm is designed to carry 10 tractor- trailer trucks a day. In a recent 24-hour period, about 800 passed by.
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Dimon, Blankfein Predict Markets to Rebound

Dimon, Blankfein Predict Markets to Rebound | EconMatters | Scoop.it
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and Goldman Sachs Group Inc. CEO Lloyd C. Blankfein predict Wall Street will rebound from 2011’s trading- revenue plunge. Rivals and analysts aren’t so sure.
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Why Best Buy is Going out of Business...Gradually - Forbes

Why Best Buy is Going out of Business...Gradually - Forbes | EconMatters | Scoop.it
Consumer electronics retailer Best Buy is doing everything wrong.
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Indian Gold Imports Plunge in Fourth Quarter

Gold imports by India, the world's top consumer, plunged 56 percent to 125 metric tons in the fourth quarter, cutting full-year imports by 8.4 percent as record high prices and high interest rates hit demand, the head of India's leading bullion body said.

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Hedge Funds Raise Bullish Bets by Most in 16 Months: Commodities - Businessweek

Hedge Funds Raise Bullish Bets by Most in 16 Months: Commodities - Businessweek | EconMatters | Scoop.it
Speculators increased wagers on rising commodity prices by the most since August 2010 on signs that sustained economic growth will drive a rebound in raw materials from their first annual slump since the recession.
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Euro Chiefs Seek to Buy Time for Rescue as $203 Billion Debt Payments Loom

Euro Chiefs Seek to Buy Time for Rescue as $203 Billion Debt Payments Loom | EconMatters | Scoop.it
European leaders return to work this week seeking to buy time for the Spanish and Italian governments to wrest control over their debt and rescue the single currency from fragmentation in its 10th anniversary year.
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The Most Important Graphs of 2011

The Most Important Graphs of 2011 | EconMatters | Scoop.it
The year in 27 pictures...
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Stocks Drop With Euro, Commodities as Greece Opposes Financial Oversight

Stocks Drop With Euro, Commodities as Greece Opposes Financial Oversight | EconMatters | Scoop.it
Stocks slid, sending the Standard & Poor’s 500 Index lower for a third day, Treasuries rose and the euro weakened as Greece tangled with European officials over terms of a second rescue package.
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QE3 ‘Very Good’ for Emerging Stocks: Mobius

QE3 ‘Very Good’ for Emerging Stocks: Mobius | EconMatters | Scoop.it
Emerging market stocks would benefit from the cash injection created by a third round of U.S. asset purchases, with China, Russia and Taiwan looking “attractive,” Templeton Asset Management’s Mark Mobius said.
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Russia is seeing an emigration exodus

Russia is seeing an emigration exodus | EconMatters | Scoop.it
Over a bottle of vodka and a traditional Russian salad of pickles, sausage and potatoes tossed in mayonnaise, a group of friends raised their glasses and wished Igor Irtenyev and his family a happy...
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Facebook Plans IPO Filing as Early as Next Week

Facebook Plans IPO Filing as Early as Next Week | EconMatters | Scoop.it
Facebook Inc., the world’s largest social-networking service, is aiming to file for its initial public offering as early as next week, two people with knowledge of the matter said.
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IMF: halt in Iran oil could push crude up 30 percent

WASHINGTON (Reuters) - The International Monetary Fund warned on Wednesday that global crude prices could rise as much as 30 percent if Iran halts oil exports as a result of U.S.
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Fed: Benchmark Rate Will Stay Low Until Late 2014

Fed: Benchmark Rate Will Stay Low Until Late 2014 | EconMatters | Scoop.it
Federal Reserve officials said their benchmark interest rate will stay low until at least late 2014 and anticipate that unemployment will remain high and inflation “subdued.”...
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40 million jobs needed | McKinsey & Company

40 million jobs needed | McKinsey & Company | EconMatters | Scoop.it
Growth alone won't solve the developed world's employment crisis.
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Brazil Economy Expands at Fastest Pace in 19 Months as Unemployment Falls

Brazil Economy Expands at Fastest Pace in 19 Months as Unemployment Falls | EconMatters | Scoop.it
Brazil’s economy grew at its fastest pace in 19 months in November, reversing a three-month contraction, as a recovery in consumer spending helped the world’s second-largest emerging market shrug off a global slowdown.
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China Clamps Down on Gold Trading Frenzy

China Clamps Down on Gold Trading Frenzy | EconMatters | Scoop.it
Gold exchanges in China outside of two in Shanghai are to be banned, authorities said in a statement released on Tuesday.
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$6.3 Trillion Wiped Off Global Markets in 2011

$6.3 Trillion Wiped Off Global Markets in 2011 | EconMatters | Scoop.it
Almost $6.3 trillion was erased from global stock markets this year as the euro zone financial crisis reverberated across the world in the latter half of 2011, calling into question the future of the world’s largest currency bloc.
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China's 1st hydropower station remains in active use after 100 years

China's 1st hydropower station remains in active use after 100 years | EconMatters | Scoop.it
China's first hydropower station is still supplying voltage to nearby residents and attracting thousands of tourists, 100 years after being built in southwest China.
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Gold, Silver Advance After Iran’s First Nuclear Rod Spurs Haven Demand

Gold and silver gained after reports that Iran produced its first nuclear fuel rod, spurring investors to buy the precious metal as a haven.

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