Hard hitting global and local news
Haruhiko Kuroda (Abe’s nominee to head Japan’s central bank) pledges to do Whatever Needed to Combat Japan Deflation .
Please consider China well-prepared for currency war: official . China is fully prepared for a looming currency war should it, though "avoidable," really happen, said China’s central bank deputy governor Yi Gang late Friday. A currency war could be avoided, Yi said, if policymakers in major countries observed the consensus, reached at the recent G20 meeting, that monetary policy should primarily serve as a tool for domestic economy.
Jed Graham at Investor’s Business Daily has an interesting chart showing Wage Recession Hits 5 Years; Worse Than Jobs Drought . I can show it’s even worse, but first let’s consider a chart and commentary by Graham. As bad as the current job recovery has been — and it’s by far the weakest since World War II — the recovery in wages has been far worse
Think Greece has been “saved” by the Troika? A quick look at some loan repayment stats may help you think clearly.
See more here: Did Obama Tax the US Into Recession?
See the original article here: Walmart Slow to Stock Shelves as Consumer Sales Slump
France Unemployment Highest Since 1997 In the easy to see coming category (thanks to the socialist policies of French president Francois Hollande) French unemployment level hits 15-year high . Unemployment numbers in France rose by 43,000 in January to 3.16 million, an increase of 10.7 percent from last year, the labour ministry revealed on Tuesday. The figure is at its highest since January 1997, when it reached 3.19 million.  Rising unemployment is a setback for Socialist President Francois Hollande, who has pledged to curb the unemployment rate from the current level of more than 10 percent to a single-digit figure by December.
PIER LUIGI BERSANI – PARTITO DEMOCRATICO – 8,399,991 Votes – 27.43% GIUSEPPE PIERO GRILLO – MOVIMENTO 5 STELLE – 7,285,648 – 23.79% SILVIO BERLUSCONI – IL POPOLO DELLA LIBERTA’ – 6,829,135 Votes – 22.30% MARIO MONTI – SCELTA CIVICA CON MONTI PER L’ITALIA – 2,797,451 Votes – 9.13% The center-left received a higher percentage of votes than the center-right by a 31.63% to 30.72% margin. However, Senate seats are assigned based on regional totals and the result will be something like a 119 to 117 spit with the Five Star Movement picking up 54 Seats. A majority takes 158 so no coalition is likely
See more here: Rand Paul Keynote Speaker in Palatine, Illinois Monday, March 4th