Aug 1, 2014
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West Texas Intermediate crude headed for its biggest weekly decline in seven months on concern that demand will fall as refineries slow operations. Brent slid.
Argentine bonds posted the biggest two-day loss since 2008 as a committee ruled that the failure to pay interest will trigger $1 billion of credit-default swaps.
With the world watching if U.S. and European sanctions over Ukraine usher in a new Cold War, the showdown first risks sparking a return to capital controls in Russia after they were dismantled eight years ago.
A three-day truce between Israel’s army and Hamas unraveled within hours today as a surge in fighting claimed the lives of Palestinians and Israel said it suspected one of its soldiers had been seized.
The Federal Reserve is trying to change as little as possible as it crafts its strategy to exit from record stimulus. The trouble is financial markets have changed so much that the still-developing plan may prove costly and ultimately unworkable.
CAP RATE ESTIMATES 6% and HIGHER PLUS POTENTIAL INFLATION!
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