Sino-US spat put aside, for now - The Wine Space (blog)

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Sino-US spat put aside, for nowThe Wine Space (blog)The US unemployment rate held at 9.7 percent in March, World of Warcraft gold down from its October high of 10.1 percent, indicating economic recovery, …and more »

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Stock Market News for October 20, 2009 – Market News

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With buyers back in action, US stocks rose to their fresh one-year highs and remained near their high points as optimism grew that an economic recovery, helped by solid third-quarter earnings reports and increased M&A; activity, is on cards. The Dow Jones industrial average rose 96.28 points, or 0.96%, to close at 10,092.19. The broader S&P; 500 index jumped 10.23 points, or 0.94%, to 1,097.91 and the tech-heavy Nasdaq climbed 19.52 points, or 0.91%, to 2,176.32, its highest point si

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Twenty-Two Reasons Why this Recession is Different and Why it Will Endure

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SurvivalBlog October 19, 2009 I find it surprising that I’m now getting inquiries from readers, asking if “we’ve reached bottom” in the current economic recession, and asking if the time has come to start buying stocks or residential real estate. It seems that the talking heads of mainstream media are using some sort of voodoo. How can anyone think that we’ve hit bottom, and an economic recovery is in progress? To dispel the myths from the CNBC Cheering Section, please consider the fo

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Paralysis in Debt Markets Deepens Credit Drought

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A year after Washington rescued the big names of American finance, it’s still hard to get a loan. But the problem isn’t just tight-fisted banks.The continued disarray in debt-securitization markets, which in recent years were the source of roughly 60 percent of all credit in the United States, is making loans scarce and threatening to slow the economic recovery, The New York Times’s Jenny Anderson writes. Many of these markets are operating only because the government is propping them up.But now

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NIA Officially Declares Gold and Silver Mania is Here

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NIA Officially Declares Gold and Silver Mania is Here FORT LEE, N.J., Sept. 8 /PRNewswire/ — The National Inflation Association today released the following statement to its http://inflation.us/ members: “While the mainstream media has officially declared the U.S. recession over and an economic recovery here, NIA believes what the media sees as an economic recovery is nothing but inflation. We believe the U.S. recession has just begun, but declare that gold and silver mania is officially h

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Job market unlikely to recover until 2014

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About 14.9 million people are out of work and looking for employmentNew unemployment data show why it will take years for the labor market to recover from one of its fastest and deepest declines since World War II, even if an economic recovery is around the corner.The Department of Labor report released Friday showed job cuts in August were lower than they’ve been in recent months. But a deeper look at the data shows why it will take millions of new jobs to dig American workers out of this reces

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Stiglitz Says U.S. Economic Recovery May Not Be ‘Sustainable’

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Sept. 4 (Bloomberg) — The U.S. economy faces a “significant chance” of contracting again after emerging from its worst recession since the 1930s, Nobel Prize-winning economist Joseph Stiglitz said.“It’s not clear that the U.S. is recovering in a sustainable way,” Stiglitz, a Columbia University professor, told reporters yesterday in New York.Economists and policy makers are expressing concern about the strength of a projected economic recovery, with Treasury Secretary Timothy Geithner saying two

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