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View the original here: General Obligation Bondholders Beware: Detroit Bankruptcy Affirmed, Governor Shielded From Lawsuits; Triumph of Math Over Unions
View article: Obama’s HAMP Program a Stunning Success
View article: Unions and Fundamental Freedoms: Two Upcoming U.S. Supreme Court Cases
Now That’s Backwardation! Recall the definition of backwardation: Current price above future delivery price . There are many reasons this can happen with commodities, but the typical explanations are: temporary short-term supply shortage, expected future supply, or expected falling demand. Supposedly this can never happen with gold because " gold is money ".
China Manufacturing PMI Declines at Quickest Pace Since Last August Posted by Michael Shedlock at 10:50 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).
Read this article: How to Lie Without Saying a Thing
Denning says Milton Friedman is the The Origin Of ‘The World’s Dumbest Idea’ . No popular idea ever has a single origin. But the idea that the sole purpose of a firm is to make money for its shareholders got going in a major way with an article by Milton Friedman in the New York Times on September 13, 1970.
Abe now tells Japanese firms " Stop Sitting on Cash " Okuma, a Japanese machine-tool maker, has seen its stock price rise around 30% this year.
In an inevitable, anticlimactic decision today, Detroit files for bankruptcy . Detroit became the largest US city to ever file for bankruptcy on Thursday, seeking protection from its creditors as it restructures more than $18bn in debt
Visit site: Survey on Impact of Obamacare on Corporate Hiring; Businesses Far More Pessimistic vs. March