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Continue Reading: How Thailand Can Outlast Its Enemies
Output prices down 27th month and accelerating Private sector employment down 9th month Service sector activity improved slightly Activity Picks up in Peripheral Europe Meanwhile, things improve elsewhere in Europe. The Markit European Composite report makes this headline claim: Flash PMI signals rebound in Eurozone growth but French woes persist. Eurozone economic growth rebounded in July, according to the „flash‟ estimate of Markit‟s Purchasing Managers‟ Index.
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Business Insider’s " eye-popping " chart of the day on Why People Are Freaking Out About ‘Tax Inversions’ adds a big megaphone to Obama’s tune. ‘Factoryless’ Exports In addition to seeking higher taxes, Obama simultaneously proposes a rule change to classify " factoryless goods producers " as domestic manufacturers, even if the manufacturing jobs associated with those producers are offshore. The IB Times reports Obama’s jobs proposal was Slammed by Unions
Read the original: The Piece Fits; Debunking Revisited
See the article here: Junk Bond Indigestion; Musical Chairs; Take Chips Off the Table?
Let’s take a look starting with Kiev Government Breaks Up as EU Mulls Fresh Russia Sanctions Ukraine’s premier Arseniy Yatseniuk tendered his resignation on Thursday, clearing the way for early elections aimed at producing a more reform-minded parliament in Kiev but also risking a short-term political vacuum.
Read More: Reuters Debunked: Khodakovsky Denies Interview Aspects
Read More: EU "Red Tape Hell"; Dust Settles on Appointment of Juncker; Time for an Up-Down Vote