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8:26 AM There Will Be Blood. A knock at the door could mean jackpot for Kansas farmers in certain areas, where oil companies are offering up to $1,250/acre for mineral rights that were going for $25/acre a year ago. One beneficiary could be John Deere (DE) as formerly strapped farmers swap their old equipment for new. Comment!
8:17 AM MIT's Billion Prices Project, which spent much of 2010 and 2011 showing inflation at a higher rate than official numbers - is now showing inflation falling faster than the CPI data. It's annualized pace has fallen below 2% while the government pegs it closer to 3%. Comment!
6:34 AM U.S. stock futures point up on improved signals from Europe. S&P +0.3%, Dow +0.2%. Comment!
1:40 AM With the focus so strongly on Europe, it has been easy to miss the data pointing to economic trouble in China, India, South Africa, Brazil and elsewhere. The specter of renewed crisis looms large if activity is slowing in sync around the globe and not just in isolated regions. 2 Comments

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