Hard hitting global and local news
The Financial Times reports Anxious Greeks Pull Money from Banks Amid Fears of Capital Controls . Two weeks after Greece’s leftwing Syriza party won power at a general election in January, Panayotis Fotiades pulled his deposits from an Athens bank
Seven Charts Explain Why Chicago Bonds Rated Junk Looking for a reason Chicago bonds are rated junk?
Robot Teacher Gives Lectures in China Posted by Michael Shedlock at 1:40 AM 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
Read this article: Request Denied: Juncker Spurns Tsipras Request for Meeting; Exterminated from Within
Thursday afternoon, we learned Athens to Delay IMF Repayment . Of course " Don’t worry about that " is quite different than " yes ". A skillful politician frequently appears to say something significant without saying anything at all.
Read the article: Solid Jobs Report: Labor Force +397K, Establishment +280K Jobs, Employment +272K, Unemployment +125K, Unemployment Rate +0.1%
Lessons from Carolina: Paying People to Not Work is Losing Policy, Tax Cuts and Reforms do Work In 2013, North Carolina figured out paying people to not work is a losing policy.
More: Nonfarm Productivity Collapses Greater Than Expected 3.1%, Unit Labor Costs Rise 6.7%; Transitory Weakness?
View original post here: About that Trade Deficit "Improvement"
Let’s take a peek inside today’s Census Bureau report on International Trade in Goods and Services for April.