Economy

The countdown to the break up of the Euro has officially begun

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th …

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Graphing Groupon’s grotesque governance and “growth”

In case you hadn’t noticed, Facebook is set to IPO very soon but, courtesy of BackgroundCheck.org, we have a breakdown of the dismal truth behind the next best thing since sliced bread – Groupon. Between their ‘dodgy’ growth and desperately poor governance, the SEC is showing a keen interest (or maybe just …

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“So you wanna be a trader”

For all those who have ever considered becoming a full-time trader, we present the decision-tree for that life-changing choice.   Source: http://www.zerohedge.com/news/friday-humor-so-you-wanna-be-trader

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84% of all stock trades are by high-frequency computers… only 16% by humans

As of 2010, 50-70% of all stock trades were done by high frequency trading computer algorithms. And many other asset classes are dominated by high frequency trading as well: High-frequency trading distorts the markets. And see this, this and this. And it lets the big banks peek at what the real traders are buying and selling, and then trade …

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These 10 corporations control almost everything you buy

A chart we found on Reddit.com today shows that most products we buy are controlled by just a few companies. It’s called “The Illusion of Choice.” Ever wonder why you can’t get a Coke at Taco Bell? It’s because Yum! Brands was created as a spin-off of Pepsi–and has a lifetime contract with …

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Max Keiser says: “hang the bankers”

Viewers in the U.K. were surprised watching Channel 4’s “10 o’clock Live” show when guest Max Keiser, speaking in a debate moderated by one of the show’s presenters, David Mitchell – appealed to the live audience to “hang the bankers.” The audience applauded very enthusiastically. Keiser went on to explain …

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Why university is a scam: the college bubble

Many young college students, hoping to further their education, are deluded into accepting loans that they believe be can be payed once studies are completed and have received their degrees. This documentary explains how we are molded into an expectation of going through the grades of school, attending college and …

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Jon Corzine, the man who stole $1.6 billion from customers for JP Morgan

The only thing that could top today’s epic market insanity and hilarity, would be that Corzine is himself about to be Corzined. Just released from Bloomberg: MF GLOBAL’S CORZINE ORDERED FUNDS MOVED TO JPMORGAN, MEMO SAYS CORZINE’S `DIRECT INSTRUCTIONS’ CITED BY CONGRESSIONAL PANEL MF GLOBAL TRANSFER WAS USED TO COVER …

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Hyper Report (daily news in under 3min)

A brilliant way to stay informed in under 3 min a day. For past, present or future videos you can go to either the youtube link or Hyper Report website. [youtube height=”400″ width=”550″]http://www.youtube.com/watch?v=cRS32wxvGho[/youtube]  

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