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Wednesday: Unemployment Claims

From the WSJ: U.S. Economy Posts Strongest Growth in More Than a DecadeU.S. gross domestic product, the fullest measure of economic output, was shown in the Commerce Department’s third estimate to have expanded at a 5% pace in the third...Show More Summary

6 cures for a holiday debt hangover

If your spending is creating a headache for you now, here are some excellent ways to cure it quickly

Stephen Roach Takes the Fed to the Woodshed

While the Fed appears to be getting nervous about increasing (and long overdue) criticism for its undue coziness with banks, it has for the most part ignored opponents of its aggressive monetary policies. And for good reason. Most of...Show More Summary

“Summer” Rerun: So Where, Exactly, Did Lehman’s $130 Billion Go?

Dear readers, We reinstituting a Naked Capitalism feature, the summer rerun. The last time we reprised an archival NC post (aside from a few more recent ones by Matt Stoller) was a July 9, 2009 post that we published again on December...Show More Summary

How Obamacare could delay your tax refund

If you got a government subsidy to help pay your premium, you'll need to file a new tax form, which may not be finalized yet

Paul Krugman: Tidings of Comfort

Sometimes, government is the best solution to our problems: Tidings of Comfort, by Paul Krugman, Commentary, NY Times:... All year Americans have been bombarded with dire news reports portraying a world out of control and a clueless government with...

Pettis on Strains in China's Banking System; Avoiding the Fall

In his last email of the Year Michael Pettis takes stock of the current state of China's rebalancing. It's an 18 page PDF, with no online link.Taking Stock of China’s Transition by Michael PettisSpecial points to highlight in this issue:...Show More Summary

BOJ’s Kuroda Cites Darwin’s Theory of Evolution to Spur Higher Wages

In a Christmas Day speech, Bank of Japan Gov. Haruhiko Kuroda drew on Charles Darwin to make a point about wages.

Freddie Mac: Mortgage Serious Delinquency rate unchanged in November

Freddie Mac reported yesterday that the Single-Family serious delinquency rate was unchanged in November at 1.91%. Freddie's rate is down from 2.43% in November 2013, and the rate in October and November was the lowest level since December 2008. Show More Summary

Merry Christmas

Been on the road today visiting friends and family.Merry Christmas and best wishes to you and all your loved ones.Mish Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. SitkaShow More Summary

Merry Christmas

(December 25, 2014 05:11 PM, by David Henderson) To all readers of this blog: If you celebrate Christmas, have a Merry Christmas. If you don't, have a wonderful day anyway.... (0 COMMENTS)

How to turn cheaper gas into retirement savings

Lower prices at the pump can help turbocharge your retirement -- with a little discipline

Potential Revel casino buyer wants discount

Says the property should be sold for $87 million, not the $95.4 million runner-up bid he put in at auction

Philly taxi firms file suit against Uber X

Companies: Uber is unfair competition to medallion owners, who have to operate under state laws and regulations

Happy Holidays!

Happy Holidays and Merry Christmas to All!Out through the fields and the woodsAnd over the walls I have wended;I have climbed the hills of viewAnd looked at the world, and descended;I have come by the highway home,And lo, it is ended.The...Show More Summary

Citigroup to sell Japan retail bank unit

Citigroup said it also is considering selling its credit card business in Japan, separately

Jobs, Economy and Stocks Gain as Year Closes

Morning Money Memo… Major markets in the U.S. and Europe are closed today for Christmas. The Dow finished up just 6 points yesterday, enough to set yet another new record for the index at 18,030. Markets will end the week with good news in hand,...

12 stores with great return policies

Saddled with the frustrating task of dealing with cumbersome return policies? Check out these retailers who have made it easier

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