Hard hitting global and local news
See more here: Another Bridge Loan Likely as Greek Talks Break Down; Shocked Over Parallel Currency Plans? Why?
Continue Reading: Final Second Quarter "GDPNow" Forecast 2.4% vs. Bloomberg Consensus 2.9%
Stench from Chicago so Bad, Fitch Finally Smells It Posted by Michael Shedlock at 5:32 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Actually, regulators were never in control in the first place. It only appears that way when things are going well. Shorts Not the Problem Shorts are not the problem here
See the original post: Chinese Stocks Plunge 8.5%, Biggest Decline Since February 2007
While the politicians are are scrambling to "save" Greece, please note Italy’s Non-Performing Loans Hit a New Record High . The real danger to the euro area probably doesn’t emanate from Greece, but from two of its heavyweights, namely France and Italy. A small note in the European press reminds us that all is not well in at least one of these countries, least of all with its banks (currently this is only a “page 16 storyâ€, but it has great potential to eventually move to the front page)
Visit link: Santelli Exchange with Mish: Public Debt, Taxation, Legacy Issues
See more here: The Search for Terrestrial Intelligence
Originally posted here: Fed Staff Accidentally Posts Bearish Economic Forecast and Prediction Inflation Would Not Hit 2% by 2020; Upset…
Links China’s NGO Law: Countering Western Soft Power and Subversion July 25, 2015 ( Eric Draitser – NEO ) – China has recently taken an important step in more tightly regulating foreign non-governmental organizations (NGOs) inside the country. Despite condemnation from so called human rights groups in the West, China’s move should be understood as a critical decision to assert sovereignty over its own political space