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Toy manufacturer Mattel takes 'full responsibility' for three worldwide recalls involving more than 21 million toys, citing design flaws
Media Release
U.S.-based toy giant Mattel issued an extraordinary apology to China on Friday over the recall of Chinese-made toys, taking the blame for design flaws and saying it had recalled more lead-tainted toys than justified.
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Dow 20,000 a reality now in two years time frame
Tania Abelson
The stock market never looked so good in the history of the mankind. Dow will take out 13,000 this week and 20,000 in the next two years. The Dow Theory signal is coming true.
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A strange correlation between capacity utilization and housing sector points to lower stock and real estate prices ahead
Sam Adelton
The stock market is still marching ahead with very high complacency as manifested by the VIX – the fear index in Wall Street. VIX fell below 10 last week!
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Copper and lumber predicting severe downturn in economy, real estate and eventual stock market collapse
Joe Weinman
Lumber and copper has fallen together every time when stocks and real estate crashed sown due to economic weaknesses.
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The dollar traded broadly higher against major currencies
Media Release
The dollar traded broadly higher against major currencies Tuesday, touching a one-week high versus the euro, after a report showed U.S. consumer confidence rebounded in September, helped by lower gasoline prices.
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Another sign of coming recession - a very early one from those feel the impact first
Tania Sorabji
Early signs of deep recession as investment bankers start cutting cost to survive the downturn - Credit Suisse take the lead. It is another sign of coming recession - a very early one from those feel the impact first.
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Oil, stocks and gold all will tumble because of US economy
Sam Adelton
The US economy is so weak internaly that oil, stock and gold can all collapse in a commodity deflation driven mega trend.
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Attorney Generals of California and other states dertermined to make sure HP leak scandal do not repeat again in other companies - indictments eminent
Media Release
HP lost close to 4.3% of the stock price today and experts say it can lose 30% very fast if things do not look better soon.
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SEC actions on hedge funds too late too little
Kirsten Henson
The hedge funds that pushed oil to eighties and made copper price go up by 500% are now in a total blood bath . SEC scrutiny of the same is too late and too little. SEC actions on hedgefunds may not make any bdifference at this stage.
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Stocks declined Tuesday after a weak housing report outweighed data showing inflation remains relatively tame
Media Release
The producer price index fell 0.4% but the real nasty news came from housing starts that slumped 6% on top already collapse that btook place earlier in the year.
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US Federal Reserve must lower the interest rates rapidly now to halt free falling US economy from a total catastrophic collapse
Sam Adelton
It seems like Japan in early nineties but in an accelerated mode. The biggest problem for the US economy as talked before is the real estate and heavy consumer debt. The Government debt is also a major problem as US economy rapidly shrinks.
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The bubbles in India, China and price pattern in Gold and oil forecast worldwide depression with relatively high commodity inflation
Paula Harris
It is time for Federal Reserve in US to preempt fast and decisively now. They should not do what they did in 1987. They should lower the rates after the big stock market crash. It will be too late this time. It is time for them to act now.
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10000 more at Ford to become unemployed as Ford heads towards bankruptcy
Media Release
No. 2 automaker to hasten and expand plant closings, trim a third of white-collar jobs and suspend dividend; still, stock tumbles as expected rebound to profitability delayed.
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Soaring global oil prices sent the U.S. trade deficit to an all-time high
Media Release
Soaring global oil prices sent the U.S. trade deficit to an all-time high, and Democrats hoping to take control of Congress said the figures showed Republican policies have failed.
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HP chair Dunn to leave post after spy scandal
Grace Wong - CNNMoney.com staff writer
Hewlett-Packard announced a shakeup of its board Tuesday in the wake of its controversial leak investigation, but the company's problems are far from behind it.
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The possibility fo the October melt down just like 1987 is real again
Sam Adelton
Stagflation and slow consumer spending are making market ready for October crash again - Dow Ends Down 36, Nasdaq Closes Down 16
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The slowdown in the once-sizzling housing market is spreading
Media Release
The slowdown in the once-sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former boom areas of Arizona, Florida and California.
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Dow industrials and S&P 500 give back almost all gains as oil prices stem losses but Nasdaq holds on
Media Release
A morning mega-rally turned into a small tech advance Monday as a broad advance petered out by the close, with only the Nasdaq holding on to gains.
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