LEON COOPERMAN: Here's 9 Ways To Fix The US Economy
#2: Create a peace-time Works Progress Administration to channel a portion of savings into the US infrastructure.
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Obama’s morbid fear of EU meltdown
But behind the scenes, within both the administration and Mr Obama’s campaign team in Chicago, there is a morbid fear about a eurozone meltdown and its flow-on impact on the US economy and the president’s re-election chances.
All American Investor
CNBC Portfolio Challenge Bonus Bucks Answers for Thursday, December 1
Is Anything Better Yet?
Bottom Line: Central banks took a step in the right direction. But nothing in Europe is close to be solved by that action. We are still closer to the beginning of this mess than the end.
The Huntsman Alternative
“Hedge funds and private equity funds go out of business all the time when they make big mistakes, to the notice of few, because they are not too big to fail. There is no reason why banks cannot live with the same reality.”
China Manufacturing Weakest Since ‘09 Augurs Easing: Economy
A purchasing managers’ index compiled by the China Federation of Logistics and Purchasing slid to 49 in November, lower than all but two of 18 forecasts in a Bloomberg News survey. Readings below 50 signal a contraction. Separate reports showed slowing retail sales and an industrial slump in Australia, which relies on China as its biggest export customer.
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