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The HSBC Purchasing Managers’ China PMI Index shows modest deterioration of business conditions in February. Key pointsBoth output and new orders decline for the first time since July 2013Payroll numbers are cut at fastest rate since March 2009Solid reduction of output chargesChinese manufacturers signalled reductions of both output and new business in February, leading to a moderate deterioration of overall operating con ditions. As a result, firms cut their staffing levels again in February

Read more: Mish's Global Economic Trend Analysis

LOS ANGELES (Reuters) - The slavery drama "12 Years a Slave" won the Academy Award for best picture on Sunday, making history as the first movie from a black director to win the film industry's highest honor in 86 years of the Oscars.

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Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) Board of Directors mismanaging the GSEs says Bruce Berkowitz of Fairholme Funds in a new letter to the BOD Bruce Berkowitz’s Fairholme Fund has sent a letter to the board of Fannie...The post Bruce Berkowitz Attacks Fannie Mae, Freddie Mac BOD [FULL LETTER] appeared first on ValueWalk.

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Positive GOFO is the historical norm. Negative GOFO, when it appears, means that physical gold is preferable to dollars and, thus, indicative of a shortage or supply squeeze. In the 45 years since the collapse of The London Gold Pool, Central Banks have stood ready to lease gold to the Bullion Banks. The Bullion Banks, [...]The post Negative GOFO and Rising Gold Prices: The Days Of Central Bank Gold Leasing Are Almost Over! appeared first on Silver Doctors. Check out these similar articles: Update On The Negative GOFO: Gold Has Bottomed – Headed Much Higher Alasdair Macleod on the First Western Central Bank to Admit Gold Leasing SD M&M With Chris Duane: Negative GOFO 5 Days & Counting: Massive Rally at Hand?

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LOS ANGELES (Reuters) - Lupita Nyong'o won the best supporting actress Oscar on Sunday for her first film role ever as the slave, Patsey, in the drama "12 Years a Slave," a big recognition for one of the films favored to win the top honor of the night, the Academy Award for best picture.

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Dan Loeb’s Third Point Reinsurance Ltd (NYSE:TPRE) had a great February with a return of 4.2%, according to documents from the company reviewed by ValueWalk. After a disappointing January, Dan Loeb’s 4.2% February return has put the hedge fund back in positive territory and now up +2.3% through the end of the...The post Dow Propels Dan Loeb To 4.2% Return In February appeared first on ValueWalk.

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SEOUL (Reuters) - North Korea freed a Australian missionary who had been jailed for promoting Christianity on Monday, releasing a picture of a handwritten confession by the elderly man who was arrested last month.

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Submitted by James Pach via The Diplomat, In one of the deadliest acts of terror in China in recent memory, a group of ten knife-wielding assailants attacked passersby at the Kunming Railway Station in the southwest of the country on Saturday night, killing at least 29 and wounding another 130. Police also shot and killed four of the attackers and captured one more. The other five are on the run, according to reports. State broadcaster CCTV said two of the attackers were women, one of whom was killed by police and the other captured. Local Kunming government officials say that evidence at the scene point to separatists from China’s restive Xinjiang region, in what is being called
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Investor Behavior: The Psychology of Financial Planning and Investing Publication Date: February 10, 2014 Investor Behavior: The Psychology of Financial Planning and Investing provides readers with a comprehensive understanding and the latest research in the area of behavioral finance and investor decision making. Blending contributions from noted academics and experienced practitioners, this 30-chapter...The post Investor Behavior: The Psychology of Financial Planning and Investing appeared first on ValueWalk.

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LOS ANGELES (Reuters) - The Academy Awards kicked off on Sunday by bestowing the best supporting actor Oscar on favorite Jared Leto for his role as a transgender woman in "Dallas Buyers Club," in a night that may yield few surprises apart from the tight best picture race.

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Published on Feb 28, 2014 George Soros and John Paulson, two leading hedge fund managers, are taking major stakes in the flotation of Hispania Activos Inmobiliarios, a Spanish property group. Kate Allen, property correspondent, talks to the FT’s Daniel Garrahan about the return of investor confidence in the eurozone’s periphery economies....The post George Soros, John Paulson Take Big Stake In Spanish RE appeared first on ValueWalk.

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Published on Feb 27, 2014 Junheng Li, head of JL Warren Capital, discusses why China’s soaring exports look too good to be true. China Exports Data Fake?  embedded below(Read more...)...The post China Exports Data Fake? Internal Demand Slowed appeared first on ValueWalk.

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Submitted by David Stockman, via his new blog Contra Corner Memo to Obama: This Was Their Red Line! In 1783 the Crimea was annexed by Catherine the Great, thereby satisfying the longstanding quest of the Russian Czars for a warm-water port. In fact, over the ages Sevastopol emerged as a great naval base at the strategic tip of the Crimean peninsula, where it became home to the mighty Black Sea Fleet of the Czars and then the commissars. For the next 171 years Crimea was an integral part of Russia—a span that exceeds the 166 years that have elapsed since California was annexed by a similar thrust of “Manifest Destiny” on this continent, thereby providing, incidentally,
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NEW YORK (Reuters) - A massive winter storm system packing cold air, snow and freezing rain was bearing down on the U.S. East Coast, causing federal and local offices in Washington to close on Monday after it pummeled the central United States over the weekend.

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The phone-calls are flying. On the heels of yesterday's Obama-Putin "discussion", today has seen Merkel drop him a line (with the resultant claim that Putin has accepted a "fact-finding mission" despite all evidence to the contrary); and then Merkel, Obama, and Cameron got on a party-line to discuss "sanctions". In the face of this seriousness, we suspect, however, any of the calls to Putin all had a similar dialogue...   h/t @SooperMexican and @LibertyBlitz   Lots of "Calls" in the last 24 hours... *OBAMA CALLING MERKEL AND CAMERON TODAY ON UKRAINE: OFFICIALS *MERKEL CALLED ON PUTIN TO RESPECT UKRAINE TERRITORIAL INTEGRITY *NATO CALLS ON RUSSIA TO DE-ESCALATE TENSIONS,
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Via Monty Pelerin's World blog, The plague of our time is Keynesian economics. It has destroyed the economics profession and enabled the political class to obtain powers never intended. Keynesian economics provided the intellectual cover for the criminal class we politely call “government” to plunder its citizenry. In the beginning, clear-thinking, independent economists (not dependent on government largess) expressed objections to this “new economics.” There was little new in Keynes’ work and many errors that had been debunked decades before Keynes was even born. Bastiat’s parable of the “broken window” in 1850 is probably the
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Chinese manufacturing PMI fell to an 8-month low holding barely above the crucial 50 level yesterday forcing Goldman to admit that "this signals further deceleration" in Chinese growth. All sub-indices showed signs of cyclical slowdown from January to February with perhaps the two most-critical ones - production and new orders - showing considerably larger falls than the headline index itself as we await this evening's HSBC print to confirm an average 'contraction'. China's Services PMI just printed at 55, up from 53.4, to a 3-month high led by a surge in the "expectations" sub-index. China Services PMI rose to 3-month highs... as new orders rose but the
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By now it was only a formality, as the likelihood of the G-8 meeting taking place in Sochi in June, months after the Russian invasion of the Ukraine, was zero at best. So the fact that G-8, pardon, G-7 countries announced the halting of their preparation for a June vacation on the Black Sea should not surprise anyone. Full G-7 statement: We, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the President of the European Council and President of the European Commission, join together today to condemn the Russian Federation’s clear violation of the sovereignty and territorial integrity of Ukraine, in contravention of Russia’s
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LOS ANGELES (Reuters) - Bedecked in gowns, tuxedos and even shorts, the world's top actors and actresses strode down the red carpet at the Academy Awards on Sunday with all eyes on the cliffhanger best picture race between frontrunners "12 Years a Slave" and "Gravity."

Read more: Reuters: Top News

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