Hard hitting global and local news
More: Construction Spending Unexpectedly Declines; Good News For Economists!
Bloomberg reports Shanghai Traders Make Trillion-Yuan Stock Bet With Borrowed Cash . Shanghai traders now have more than 1 trillion yuan ($161 billion) of borrowed cash riding on the world’s highest-flying stock market.
See more here: Driverless Car Completes California to New York Trip; UK Rewriting Traffic Laws as Tests Begin
Read the article: Iceland Ponders Radical Money Plan Including Elimination of Fractional Reserve Lending and Deposit Insurance
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Well, it’s silly season again, and Nature has a good one  and it is open Emerging evidence indicates that dragons can no longer be dismissed as creatures of legend and fantasy, and that anthropogenic effects on the world’s climate may inadvertently be paving the way for the resurgence of these beasts.
See more here: If It Ain’t Broken, Don’t Fix It: Religious Freedom Act Take II
Original post: Downside Data Surprises in Canada; Bad Weather Up North? How About Recession?
Yet another central bank has announced a warning about the perils of deflation. Please consider China Central Bank Calls for Vigilance on Deflation . China’s central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices