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Russian Lukoil Considers Re-Entry Into Iranian Oil
Article By:
OilPrice
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Monday, February 17, 2014 9:06 AM EDT
Lukoil and Norway’s Statoil were jointly prospecting for oil in Iran's Anaran block but were forced to abandon the project due to the US-led and EU sanctions against Iran. Lukoil has announced it is now prepared to return.
In this article: LUKOY
"Off The Charts" How China Fooled The World
Article By:
Tyler Durden
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Monday, February 17, 2014 8:55 AM EDT
China is now the second largest economy in the world and for the last 30 years China's economy has been growing at an astonishing rate, wowing the world, as spending and investment has been undertaken on a scale never seen before in human history.
Consumer Portfolio Services (CPSS) - Sell Signals
Article By:
Jim Van Meerten
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Monday, February 17, 2014 7:54 AM EDT
Today I deleted Consumer Portfolio Services (CPSS) from the Barchart Van Meerten Speculative portfolio for negative price momentum.
In this article: CPSS
Argentina Fines Walmart For Violating "Fair Price" Pact, Urges Citizens To Denounce "Evil" Retailers
Article By:
Tyler Durden
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Monday, February 17, 2014 6:45 AM EDT
Argentina fined supermarket chains including Wal-Mart, the world’s largest retailer, and Carrefour for "failing to maintain adequate stocks of price-controlled goods."
Book Review: Why Smart People Make Big Money Mistakes
Article By:
Bankers Anonymous
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Monday, February 17, 2014 6:06 AM EDT
Gary Belsky – a finance writer – and Thomas Gilovich – a psychology professor – teamed up to write Why Smart People Make Big Money Mistakes and How To Correct Them to teach us the most common psychological or irrational choices we all make about money, all the time. I say translational because this book is really a popularization, or translation, of behavioral economics, pioneered by Nobel Prize-winning Daniel Kahneman and the late Amos Tvorsky.
Weekly Stock Market Summary: Pivotal Week For The Short Term Trend Upcoming...
Article By:
Michael Gouvalaris
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Monday, February 17, 2014 5:59 AM EDT
This upcoming week should give us the answer to the short term direction of the market. Strength above makes it likely we head back into long term resistance and possibly higher. However if resistance can hold it could setup for the next leg down.
Is Bitcoin Greatly Rotating Into Bullion?
Article By:
Tyler Durden
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Monday, February 17, 2014 1:04 AM EDT
While correlation is not causation, the coincidental timing of the tumble in virtual currencies and the surge in physical (alternative) currencies suggests another great rotation may be occurring... with gold at fresh 3-month highs as Bitcoin presses 3-months lows...
Daily Market Commentary: Dow Reverses Breakdown
Article By:
Declan Fallon
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Monday, February 17, 2014 12:11 AM EDT
The Dow was the most bearish of the indices heading into the weekend, but despite the lighter volume it was still able to push above resistance, negating the breakdown.
In this article: SOX
1929 Crash Myth Busted
Video By:
Ernie Varitimos
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Sunday, February 16, 2014 9:47 PM EDT
Seen the chart which compares the current market trends to the nearly identical chart immediately preceding the 1929 crash? It may have gone viral but Ernie Varitimos demonstrates why he believes it to be completely false. (4:58).
Venezuela Is Reaching A Boiling Point; The Markets Respond
Article By:
Sober Look
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Sunday, February 16, 2014 9:24 PM EDT
Conditions in Venezuela are reaching boiling point. Venezuelans - particularly students - are taking it to the streets, as protests sparked by worsening living conditions have turned violent. The markets have responded as expected.
White House: “Weather Practically Everywhere Is Being Caused By Climate Change”
Article By:
Bruce Krasting
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Sunday, February 16, 2014 8:31 PM EDT
The WH has a climate agenda – this is payback for a lot of support (money). But when the chief scientist at the White House ignores the scientists who actually look at weather patterns, then one is forced to doubt everything the White House says on the topic.
Usurious Returns On Phantom Money: The Credit Card Gravy Train
Article By:
Ellen Brown
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Sunday, February 16, 2014 8:19 PM EDT
The credit card business has become Banking's most lucrative pursuit of the banking industry. Banking was once about taking deposits and making commercial and residential loans. But in recent years “credit card earnings have been almost always higher than returns on all commercial bank activities.”
Answering A Question On Peak Employment
Article By:
Lance Roberts
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Sunday, February 16, 2014 7:00 PM EDT
Last week I posted a piece asking "Have We Reached Peak Employment?" The article elicited numerous responses in which many all carried a common thread: If we are creating between 150,000 and 200,000 jobs a month, how could we be at peak employment?"
Money Launderer Until Proven Innocent" - Italy Imposes 20% Tax Withholding On All Inbound Money Transfers
Article By:
Tyler Durden
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Sunday, February 16, 2014 6:58 PM EDT
In the latest example of how "Europe is increasingly formalizing a regime of implicit capital controls." we learn that Italy has just ordered banks to withhold a 20% tax on all inbound wire transfers to applied retroactively to February 1st.