Hard hitting global and local news
Hard hitting global and local news
Earlier this month, Reuters reported Argentine peso at new lows as food price controls take effect Argentina’s peso slid to an all-time low on Tuesday as supermarkets froze prices in a deal with the government aimed at shielding poor families from one of the world’s highest inflation rates. The year-long price fix on 200 basic food products signals continuation of President Cristina Fernandez’s interventionist policies even as polls show her image has been battered by 25 percent inflation, falling reserves and electricity shortages. Tight currency and trade controls, as well as last year’s state seizure of Argentina’s top energy company YPF have taken a toll on confidence, while the electricity grid, ailing from lack of investment, fails to keep air conditioners humming at the height of the Southern Hemisphere summer
Here is the pertinent discussion from Dissecting the Fed-Sponsored Housing Bubble Comparative Growth in HPI vs. OER From 1994 until 1999 there was little difference in the rate of change of rent vs. housing prices.
Tweet As Michael Mann and Michael Mann’s lawyers may have prayed, both Rand Simberg and Mark Steyn, especially Mark Steyn have proved themselves exemplary defendants, well if you want to talk about those seeking to shoot themselves in the foot head. Eli has already gone on a bit about Simberg and his ill advised 60 comment hate on Judge Greene, now the good Mother Jones , speaking through Mariah Blake, has a word on defendant Steyn.
View the original here: Venezuela Strengthens Currency Controls in Impossible Mission to Stop Capital Flight; Airlines Collapse; End of the…
All things considered, expect nothing less than a massive Tsunami of Retail Store Closings and Downsizings . On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April.
I made a nearly-identical statement yesterday in a comment regarding my post False Thesis of the Day: Huge Cash Pile Puts Recovery in Hands of Corporations; Cash Cow Revisited . " Cash is just not going to be used for the way Deloitte suggests
Read More: Thaksin’s Mad Dash to Sham Elections (Op-Ed)
Links The Secret War in Libya January 23, 2014 ( Eric Draitser – Stop Imperialism ) - The battles currently raging in the South of Libya are no mere tribal clashes. Instead, they represent a possible burgeoning alliance between black Libyan ethnic groups and pro-Gaddafi forces intent upon liberating their country of a neocolonial NATO-installed government.
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