ROBERT SHILLER: “DOUBLE DIP MAY BE IMMINENT”

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While Bernanke continues to deny the potential of an economic downturn and tries to convince the market that he can save the economy with his impotent monetary policy, reliable and trustworthy economists like Robert Shiller say the Fed is out of bullets and the risk of a double dip is “imminent”:

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Morgan Stanley Earnings: Why Profits Were up 47%

Dave Kovaleski3 hours

Financial services behemoth Morgan Stanley (NYSE:MS) reported strong second quarter earnings with profits rising 47%, pushing Morgan Stanley stock higher. The firm generated $15 billion in revenue, an 11% year-over-year...