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Daily Archives: March 11, 2013
Dr copper declines on strong U$, weak demand and soaring inventories
“Copper fell for the second time in three days as imports dropped to a 20-month low in China, the world’s largest user, and exchange inventories increased. Inbound Chinese shipments of refined metal, alloy and products were 298,102 metric tons last … Continue reading
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Full circle back to financial crisis
Something is becoming increasingly clear to me. The experimental easing efforts of central banks over the past 4 years that have been promoted by some as the salvation of the world economy will come to be seen as the next … Continue reading
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Embarrassment to the the rule of law: hearing on bank money laundering
Senator Elizabeth Warren’s Q&A at the March 7, 2013 Banking Committee hearing entitled “Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement.” Witnesses were: David Cohen, Under Secretary for Terrorism and Financial Intelligence, United States Department of the Treasury; … Continue reading
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