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Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup; 50% Tax on Internet Purchases

MishTalk

Argentina Institutes 50% Tax on Internet Purchases; Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup Yesterday, Argentina devalued the Peso hoping to halt further declines in its currency reserves. Markets had seen this coming as charts of the Peso vs. the US dollar show. The 5-year decline is over 50%.

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Can we rely on LIBOR? - Tom Spencer consulting blog

Tom Spencer

IN A RECENT article by Bloomberg Businessweek , assistant managing editor Brian Bremmer reports that investigators in America, Canada, Japan, the UK, and the EU are trying to determine whether a handful of brokers and traders have manipulated LIBOR. by Tom Spencer on March 6, 2012 · 4 comments  ·  Image Source. in Economics.

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Argentine Central Bank Chief Quits in Currency Dispute; Hyperinflation On the Way?

MishTalk

There was a sharp sell-off in the benchmark Merval stock index after Mr Fábrega’s departure was announced. Argentine Peso vs. US Dollar 64% "Official" Decline Since July 2008 On July 31, 2008, the peso had been relatively stable an traded at 3.03 The local Rofex futures market quotes the peso at 9.1650 to the dollar in December.

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China Attempts to Prop Up Stock Market After Steep Declines; 1929 Flashback

MishTalk

The overheated Shanghai and Shenzhen markets have lost 29 and 32 per cent respectively over the past three weeks following 7-year highs reached on June 12. Instead of welcoming a much needed correction, Chinese brokerages and the Bank of China agreed to prop up the market. The benchmark Shanghai Composite Index added 2.41

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Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

MishTalk

Even though Singapore is no longer an emerging market nation, I consider its bubble economy to be part of the overall emerging markets bubble that I have been warning about due to its strategic role and locationin Southeast Asia, which is also known as ASEAN (Association ofSoutheast Asian Nations). Hype or Reality?

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More Currency Intervention Madness: Sweden Draws Line in Sand with Euro

MishTalk

Bloomberg reports Sweden Seen Closer to Krona Intervention to Tame Exchange Rate. Some of Scandinavia’s biggest banks are warning investors not to underestimate the risk that the central bank is preparing to intervene in the currency market. With a benchmark interest rate already at an historic low of minus 0.35 Why the panic?

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Clash of Generations - Boomers vs. Millennials: Attitude Change Will Disrupt Wall Street and Corporate America

MishTalk

As Millennials became a larger and larger share of the marketplace, the idea of “cause marketing” has evolved from a nascent promotional strategy to the key differentiator, not only in deciding what to buy, but who to trust and reward with brand loyalty. Cone’s 2013 survey of over 1,200 U.S. Morgan Chase & Co., Bank of America Corp.,

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