September 6, 2012
Attention JP Morgan Chase Customers and Credit Card Holders
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Hard hitting global and local news
Hard hitting global and local news
Read More: Attention JP Morgan Chase Customers and Credit Card Holders
For details please see By 2015 Hard Commodity Prices Will Collapse; Australia’s Mining Boom Dies (and the Official Denials Start) Wrapping up the disaster in Australia, please see Michael Feller’s synopsis on Macro Investor Being a Bear is Not "unAustralian" . Peruse the Reserve Bank governor’s recent remarks to the senate or listen to the commentariat on talkback radio and it would seem that Australia’s economy has become victim of nothing more than an insidious rogue gloom-and-doomerism that threatens to hurt the nation, or worse. At its worst, this anti-half-glass-empty rhetoric smacks economic McCarthyism
See more here: Spain’s Social Security Fund Runs Out of Money; Full Sovereign Bailout Hits €300 Billion; Breathtaking Implosion in…
Via Google translate from Libre Mercardo please consider The VAT increase is the largest tax increase democracy . Each Spanish pay an average of 20.8% VAT, 369 per year, six days of extra work to comply with the Treasury.
By 2015 Hard Commodity Prices Will Collapse; Australia’s Mining Boom Dies (and the Official Denials Start) I have been calling for a base metals bust for some time, fueled by a slowdown in China. Michael Pettis at China Financial Markets has been saying the same thing. Indeed, it is analysis from Pettis that influenced my views in the first place
Central bankers Debating the Limits of Power in Jackson Hole are wondering what’s holding back the economy.
How to Get to Mars Posted by Michael Shedlock at 8:45 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing, but US Dollar Backed by Federal Reserve" Congratulations to Canadian journalist Bridget Brown, a CTV news field reporter for being the most economically illiterate TV journalist in history. Brown proposes gold is not backed by anything but the US Dollar is backed by the Federal Reserve which will be around a year from now
Input and output prices fall in line with weaker demand Summary Weaker national and international demand led to a third successive fall in output at manufacturing firms in Taiwan.
The HSBC China Manufacturing PMIâ„¢ shows Manufacturing sector operating conditions worsened at the sharpest rate in 41 months. Summary August data signalled a renewed decline in Chinese manufacturing output, as new business decreased at the sharpest rate in nine months