Let's Talk Finance
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This time, will Greece exit the Eurozone?

This time, will Greece exit the Eurozone? | Let's Talk Finance | Scoop.it
Even if the leftist opposition party SYRIZA wins Greece's national elections later this month, the party may pull itself toward the center and allow Greece to stay in the Euro, says Jens Nordvig, managing director at Nomura Securities.
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Mark Spitznagel Warns "Fed's Frankenstein Markets Are Totally An Illusion" | Zero Hedge

Mark Spitznagel Warns "Fed's Frankenstein Markets Are Totally An Illusion" | Zero Hedge | Let's Talk Finance | Scoop.it
"The market is an artificial fabrication," Universa's Mark Spitznagel warns in this brief but revealing interview, adding that "to think this can persist is simply naive." Talking to Maria B on FOX, Spitznagel thinks the market could be cut in half if the Fed stepped away now and points out the fallacy of a belief in any persistent tapering as the Fed will step right back if the market goes down. The gap between the market's "alternate reality" and actual reality is something that simply cannot persist and explains now is the time to be out, to prepare for when the market reprices (as opposed to suggesting people short the market) which is exactly what traders are not doing - as it would be irrational to think longer-term, "if they don't make their next week, month, quarter; they won't be around." "The reason for this is the Fed - the modern day Victor Frankenstein - who have created this thing that otherwise wouldn't live"
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The WhatsApp Deal Is Everything Wrong With The US Economy

The WhatsApp Deal Is Everything Wrong With The US Economy | Let's Talk Finance | Scoop.it
A major part of growing inequality.
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No One Predicted How Incredible 2013 Was Going To Be For The Stock Market (SPX, SPY, DIA, DJI, QQQ)

No One Predicted How Incredible 2013 Was Going To Be For The Stock Market (SPX, SPY, DIA, DJI, QQQ) | Let's Talk Finance | Scoop.it
It's safe to say 2013 turned out better than expected for the stock market. In the year to date, the S&P 500 index is up over 27%.
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December taper ‘definitely on the table,’ Fed’s Bullard says

December taper ‘definitely on the table,’ Fed’s Bullard says | Let's Talk Finance | Scoop.it
WASHINGTON — Recent U.S. economic data is looking better and a solid jobs report for November would increase the likelihood that the Federal Reserve would start to scale back bond buying at its meeting next month, a senior Fed official said on...
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Bank of England to assess threat to economy from rising house prices - Telegraph

Bank of England to assess threat to economy from rising house prices - Telegraph | Let's Talk Finance | Scoop.it
The Bank of England plans to conduct a “deep analysis” of the threats to the economy from housing to prevent a bubble inflating that could damage the nation’s prospects.
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Why the fight for U.S. Federal Reserve chair could hurt Canada

Why the fight for U.S. Federal Reserve chair could hurt Canada | Let's Talk Finance | Scoop.it
The fight to replace Ben Bernanke as chairman of the U.S. Federal Reserve is a potential headwind for global equity markets this fall and Canada may bear its fair share of the brunt.
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India’s central bank to citizens: ‘Please stop making garlands out of our money’

India’s central bank to citizens: ‘Please stop making garlands out of our money’ | Let's Talk Finance | Scoop.it
The RBI, India’s central bank, has asked people to stop using bank notes to make garlands, the Wall Street Journal reports.
Decorative garlands at marriages and political rallies are widespread in India.
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China targets shadow bankers in credit squeeze

China targets shadow bankers in credit squeeze | Let's Talk Finance | Scoop.it
China's central bank has allowed inter-bank borrowing costs to rise rapidly in recent days, a strategy that has the country's shadow bankers on the run.
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Lets-Talk-Finance's comment, June 26, 2013 5:25 AM
"This is no small operation. The shadow banking sector's exact reach is unknown, but the Fitch ratings agency estimates its size has reached roughly 60% of China's GDP[...]The central bank last week allowed the rate at which Chinese banks lend to each other to hit a record high above 13%. Another key measure of cash in the banking system -- the seven-day "repo rate" -- peaked at 25%." W ow!
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EU Resumes Battle Over Imposing Losses at Failing Lenders

EU Resumes Battle Over Imposing Losses at Failing Lenders | Let's Talk Finance | Scoop.it
European Union finance ministers convene in Brussels today to continue their battle over how to handle failing banks, aiming to break a deadlock that sent them home empty-handed after 19 hours of talks last week.
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Japan Wages Gain in Boost for Abe's Drive to Reflate Economy

Japan Wages Gain in Boost for Abe's Drive to Reflate Economy | Let's Talk Finance | Scoop.it
Japan’s wages rose by the most in a year in April, a gain that supports Prime Minister Shinzo Abe’s campaign to reflate the world’s third-biggest economy after 15 years of falling prices.
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BRICS countries to set up their own IMF | Russia Beyond The Headlines

BRICS countries to set up their own IMF | Russia Beyond The Headlines | Let's Talk Finance | Scoop.it
An alternative to the World Bank is also in the pipeline
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Hedge Funds Got Totally Smoked In 2013

Hedge Funds Got Totally Smoked In 2013 | Let's Talk Finance | Scoop.it
The S&P 500 proved a tough benchmark to beat.
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China's Stocks Fall And Japan Rallies

China's Stocks Fall And Japan Rallies | Let's Talk Finance | Scoop.it
Asian markets are mostly down after the FOMC released minutes of its October meeting.
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House prices increase to new high

House prices increase to new high | Let's Talk Finance | Scoop.it
House prices reached a new high in August as the property market recovery gathered pace, official figures have shown.
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CHART: A Solid Sign Of Recovery In Europe's 'Periphery'

Earlier we talked about the Flash PMI reports out of the Eurozone, and how they showed the overall Eurozone economy hitting a 27-month high.
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Indian Inflation Unexpectedly Accelerates As Food Prices Explode

Indian Inflation Unexpectedly Accelerates As Food Prices Explode | Let's Talk Finance | Scoop.it
Wholesale-prices jumped 6.1% year-over-year in August, accelerating from 5.79% in  July.
Economists were looking for prices to decelerate to 5.7%.
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ex Goldman Sachs Trader Tells Truth about Trading - Part 1

On February 7th 2013, the Institute of Trading and Portfolio Managements Managing Partner Anton Kreil was interviewed at Cass Business School by students of ...
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Gold, silver hit by Fed fears, dollar gains Metals Stocks

Gold, silver hit by Fed fears, dollar gains Metals Stocks | Let's Talk Finance | Scoop.it
Gold and silver futures drop, remaining under pressure as upbeat U.S. economic data support the view that the Federal Reserve will slow the pace of monetary stimulus this year.
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Bernanke Economy in Fed Centennial Poised for GDP Growth

Bernanke Economy in Fed Centennial Poised for GDP Growth | Let's Talk Finance | Scoop.it
Federal Reserve Chairman Ben S. Bernanke will leave behind an economy poised to record its biggest advance in almost a decade when he makes his anticipated departure from the central bank early next year.
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