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The mirage of progress

As traders ramp the Dow waiting for more liquidity assurances from the US Fed this afternoon, key companies and commodities servicing the real economy continue to turn lower and warn of contracting global demand.  The following chart captures the “great … Continue reading →

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A few relevant headlines this morning

UK’s Osbourne says 2013 GDP forecast cut in half, cites Euro risks Fedex earnings fall short, citing ongoing international weakness, plans to decrease capacity to and from Asia in response General Mills sees weaker earnings as fuel and ingredient costs … Continue reading →

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“March madness” in stocks and Cyprus

CNBC’s Rick Santelli explains what has him riled about the Fed and the markets.Here is a direct link.

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