Good morning. By the looks of the online exchange rates, the first of the Presidential debates appears to have been won by Romney???

(source: http://www.businessinsider.com/obama-walloped-on-intrade-in-debate-2012-10)

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Kennedy: ???One of the things which I think has increased the cost of living has been this administration's reliance upon a high interest rate policy.??? Brilliant site showing a lot of the earlier presidential campaign commercials for President elections in 1952 ??? 2012.

?????????????????? http://www.livingroomcandidate.org/commercials/1960/sills-family

?????????????????? http://www.livingroomcandidate.org/

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The fiscal cliff: even if it can be avoided, it still has a negative impact on sentiment???

?????????????????? http://online.wsj.com/article/SB10000872396390443493304578034342001402834.html

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???but the fact that oil prices have been declining should be helpful

?????????????????? http://www.bespokeinvest.com/thinkbig/2012/10/3/oil-breaks-down.html

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Nice overview of the level of debt in the various sectors. I would like see the same, but then for the holders of this debt

?????????????????? http://www.economonitor.com/rebeccawilder/2012/10/02/who-has-the-most-debt-in-the-us/

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An Article 4 consultation on Surinam. That should be interesting reading???

?????????????????? http://www.imf.org/external/pubs/ft/scr/2012/cr12281.pdf

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Yet another chart showing the relationship between the US surprise index and the financial markets. This time is the bond market

?????????????????? http://www.zerohedge.com/news/2012-10-03/why-you-should-believe-bonds-and-not-stocks-again

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Ok, so the US retail investors are selling stocks, so who is doing all the buying?

?????????????????? http://www.zerohedge.com/news/2012-10-03/complete-fed-failure-retail-investors-pull-out-most-domestic-equity-funds-two-months

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Not very useful, but interesting nevertheless: the price of a cigarette around the world

?????????????????? http://www.businessinsider.com/price-pack-of-cigarettes-around-the-world-2012-10

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Nice chart: let???s draw some far-reaching conclusions!

?????????????????? http://www.businessinsider.com/chart-etf-liquidations-2012-10

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