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3 HOURS AGO - Zero Hedge

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Breaking Bad (Debt) - Episode One

Submitted by Jim Quinn via The Burning Platform blog, “At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” – Fed chairman, Ben Bernanke, Congressional testimony, March, 2007 “Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.” – ...

Tags: Breaking Bad (Debt) - Episode One,  Wall Street Latest News

4 HOURS AGO - Zero Hedge

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"Massive Mis-Governance" - Q4 Obliterates The Case For QE And ZIRP

Submitted by David Stockman via Contra Corner blog, The most important number in today’s Q4 GDP update was 2.3%. That’s the year/year change in real final sales from Q4 2013. As an analytical matter it means that the Great Slog continues with no sign of acceleration whatsoever. Indeed, the statistical truth of the matter is that this year’s result amounted to a slight deceleration—–since ...

Tags: "Massive Mis-Governance" - Q4 Obliterates The Case For QE And ZIRP,  Wall Street Latest News

10 HOURS AGO - MarketWatch

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The Wall Street Journal: Ex-New York Knick Anthony Mason dies

Former New York Knick Anthony Mason dies early Saturday morning, weeks after he was taken to an area hospital with heart troubles.

Tags: The Wall Street Journal: Ex-New York Knick Anthony Mason dies,  Wall Street Latest News

11 HOURS AGO - Zero Hedge

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Fed Independence Is A Joke, So Why Not Audit?

Submitted by James Miller via FreedomWorks.org, A whistleblower-hating president, a bureaucrat who illegally targeted conservatives, and the former national intelligence director who lied before Congress walk into a bar. The bartender says: what can I get “the most transparent administration in history”? If Janet Yellen didn’t resemble a bookwormish teetotaler, perhaps she’d join her colleagues in a toast to suppressing ...

Tags: Fed Independence Is A Joke, So Why Not Audit?,  Wall Street Latest News

11 HOURS AGO - MarketWatch

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The Wall Street Journal: U.K. won’t OK sale of North Sea gas fields to LetterOne

The U.K. government won’t approve the sale of British North Sea natural gas fields from German utility RWE to an investment fund backed by Russian billionaire Mikhail Fridman.

Tags: The Wall Street Journal: U.K. won’t OK sale of North Sea gas fields to LetterOne,  Wall Street Latest News