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Wall Street boosted by financial, energy stocks

(Reuters) – Wall Street rose for the first time in three days on Wednesday, powered by gains in financial and energy shares. Activity in the U.S. services sector saw a big rebound in September, after having slowed to more than a six-year low in the previous month, a...
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Current account deficit to narrow to 0.5% of GDP

India’s current account deficit may narrow to 0.5 per cent of GDP in 2016 from 0.7 per cent in 2015 owing to lower commodity prices, particularly oil, says a report. “Given lower oil prices, we expect the current account deficit to narrow to 0.5 per cent of GDP...
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This Is What A Financial Crisis Looks Like

Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly.  Funds run by Third Avenue Management and Stone Lion Capital Partners have suspended payments to investors, and a fund run by Lucidus Capital Partners has liquidated its entire portfolio. ...
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The Fed Hikes Rates – What Next?

As expected, the Federal Reserve hiked interest rates this week, and there’s obvious nervousness out there regarding the impact this will have, if any. In his recent Big Picture podcast, Jim Puplava, Founder of Financial Sense and Chief Investment Strategist at PFS Group, said the Fed should hike once and...
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Are we safer?

The Brookings Institution hosted a conference last week on the regulatory response to the global financial system with that provocative title. The conference featured former Fed Chairman, Ben Bernanke, and other prominent speakers, including professor Gary Gorton of Yale University and Fed Governor, Dan Tarullo. See the conference...
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Preventing Sovereign Debt Restructuring

At a recent private conference on sovereign debt restructuring, an old friend argued that, in addition to talking about what to do once a country has crossed a tipping point and needs to restructure its debt, efforts should also be made at prevention. It is, of course, a...
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5 Ways to Splurge on a Budget

You’ve been great about saving and not going on a spending spree, but every now and then, it’d be nice to loosen the budget belt a little. Ever feel that way? It’s healthy. In fact, some experts say that splurging or spending freely on something you don’t need...
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