Hard hitting global and local news
Philly Fed Positive, but New Orders Stall, Backlog of Orders Contracts, Prices Contract; Why the Optimism? As typical, there is not much to cheer about in the latest Philadelphia Fed Manufacturing Survey . The index is hovering above zero where it has been for months
Original post: Homebuilding Off to Slow Start in 2015; Starts Miss Expectations; Atlanta Fed GDP Forecast 0.1%
View post: Super Taper Tantrum? How About an UnTaper Tantrum?
Read More: Another 5.27 Billion in Capital Flight from Greece in March
Links Who’s Afraid of the Big Bad S-300s? April 16, 2015 ( Eric Draitser-NEO ) –  The executive order issued by Russian President Vladimir Putin, which lifts the ban on the export of weapons systems to Iran, has been met with sharp condemnation by Israel, and admonishment from the United States. While Moscow has yet to make a final decision on if/when it will begin supplying the S-300 air defense missiles to Iran – Tehran purchased the system under a 2007 contract left unfulfilled by Russia as a result of the UN-imposed arms embargo – it is clear that the possibility alone signals a significant shift in the geopolitics of the region
See the original post: Empire State Manufacturing Index Back in Contraction, New Sales and Unfilled Orders Sharply Decline
View the original here: String of Good News Snaps at One: Industrial Production Down 0.6 Percent, First Quarterly Decline Since…
Links The Information War on a Whole New Level: Space April 12, 2015 ( Ulson Gunnar – NEO ) – The information war can be quickly lost if one cannot get their assets onto the "battlefield." For the US, UK or Europe, the constant din of their propaganda spread across the planet via their impressive and immense media networks has recently run into a few snags.
See more here: "Inconceivable" Negative Interest Rates on Mortgages in Portugal and Spain, with Italy On Deck
Link: France Considers Forcing Google to Disclose Search Algorithm; Too Much Satisfaction!