Hard hitting global and local news
Hard hitting global and local news
Link: China Contraction Unexpectedly Continues Third Month
Tweet That’s my interpretation of Clinton’s carefully limited support for the death penalty .
Via translation, El Confidential comments on the Banking Drag of €238 Billion Nonperforming Loans at Spanish Banks . The profitability of banks has plummeted. And only the loose monetary policy of the ECB has improved the results.
Personal Income, Consumer Spending Weaker Than Economists Expect Today’s Personal Income and Outlays report came in below Consensus Estimates . Inflation is not building based on the Fed’s favorite reading, the core PCE price index which inched a lower-than-expected 0.1 percent higher in September with the year-on-year rate steady and flat at only plus 1.3 percent
As a guest post, here is the opinion of IMD Professor Carlos A. Primo Braga on on the economic, political and psychological drivers of Brazil’s currency slide.
Originally posted here: Former Australia Prime Minister Chastises EU on Securing Borders, Economic Migration; Mish for President Review