August 12, 2015
Don’t Worry, There’s Only One Cockroach
View the original here: Don’t Worry, There’s Only One Cockroach
Hard hitting global and local news
Hard hitting global and local news
View the original here: Don’t Worry, There’s Only One Cockroach
Links The Worth of Gold Growing by the Day August 12, 2015 ( F. William Engdahl – NEO ) – The worth of gold in the world is growing by the day
Reader Question: Is China a Currency Manipulator? Posted by Michael Shedlock at 5:59 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice
MarketWatch reports Productivity Dry Spell Looks Worse in Latest Report The dry spell of productivity in this economic expansion is even worse than previously thought, according to new data released Tuesday. The average annual rate of productivity growth from 2007 to 2014 was revised down to 1.3% per year from the prior estimate of 1.4%, the Labor Department said Tuesday. This is well below the long-term rate of 2.2% per year from 1947 to 2014
In a move sure to heighten trade tensions with protectionists in US Congress, Surprise China Devaluation Marks Escalation of Currency War . According to conventional wisdom, wars are easy to start and difficult to end.
Tweet RWE (Rheinisch-Westfälischen Elektrizitätswerk) is one of the largest electrical power companies in biggest soft coal (aka dirt or lignite) mining operations in the world. It is also home base for Fritz Varenholt , one of Germany’s most active solar fans (nonono, not wind energy, he don’t like that or solar power either, but the sun, the sun, not greenhouse gases are the thing for Fritz). Anyhow RWE is in big trouble because of the Energiewende, folks are not paying as much for what they make because they are using less of it and RWE is deep into coal and gas power generators. Germany and operators of one of the largest lignite (brown coal, aka dirt) mines in the world The Sueddeutsche brings news of a major reorganization typical of a failing concern that had overexpanded in the fat times. Many of the 100 formerly more or less independently operating subsidiaries, with their own boards, are being hovered up into 32 and what is left will be directly controlled by the mothership. The command module will, of course, expand. The large pink elephant of a headquarters building has been sold off, from which bunnies gather that they are turning stuff into cash as fast as they can.
In sunny Spain, Solar Energy Storage is Worse Than Nuclear Spillage Storing solar energy in a battery in Spain is more criminal than spilling radioactive waste. That’s the implied message written between the lines of a recently drafted law poised for fast-track approval by the government of Spain
Household Spending Projections Decline Again: Does the Fed Believe Its Own Surveys? Posted by Michael Shedlock at 3:28 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Following Saturday’s report Chinese Exports Slump Over Eight Percent , analysts expect more China stimulus. Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports
More: Germany Isolated as Greece Near €86 Billion Deal With Creditors; Ambitious Yes, Feasible No