Hard hitting global and local news
Michael Pettis Interview with Lauren Lyster: Decade of Slower Growth for China Here is an interview of Michael Pettis by Lauren Lyster from the Wine Country Conference. Pettis says China faces a decade of slower growth
Tweet My general view both in general and as a policymaker in my small local-office pond is that a widely held (few expert dissenters) and strongly held (high confidence) consensus position might as well be a fact as far as the policymaking is concerned . A contradictory study is just that, a study. If it turns out to be accurate, then the consensus will eventually fracture soon enough and create problems for policymakers, but there’s no need or even a rational way for policymaking to jump the gun
Read More: Jim Chanos on Daily Ticker: Stay Away From U.S. Tech Firms
View article: Germany’s Net Foreign Assets Exceed €1 Trillion; 10 Compete Failures of the Eurozone
See the original article here: EU Warns Portugal on Austerity Measures; Portugal Faces Fresh Spending Cuts; Second Bailout Coming Up
Portugal’s Constitutional Court has ruled several key articles of the 2013 state budget unconstitutional.
First consider Underwater: The Netherlands Falls Prey to Economic Crisis . The Netherlands, Berlin’s most important ally in pushing for greater budgetary discipline in Europe, has fallen into an economic crisis itself
Incentivized to Cheat Posted by Michael Shedlock at 12:21 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)
Read More: Jobs +88,000, Unemployment Rate 7.6%, Household Survey Employment Drops by 206,000