Hard hitting global and local news
In a welcome, common sense ruling, Court lets Stockton, Calif.
Excerpt from: Schäuble Rejects ECB Help for Spain; Full Bailout Still Coming
Read more here: Sharp Decline in Earnings and Revenue Estimates; Chart Explains Four Major Waves of Earnings Growth
UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable" The global recession picked up steam today with news of a UK GDP Shock . The economy shrank by 0.7pc in the second quarter – far more than the 0.2pc fall expected, as record rainfall and the Jubilee holiday added to pressure from austerity cuts and the eurozone debt crisis.
Spain 2-Year Treasury Yield Tops 7%, Inversion Between 5 and 10 Year Yields; Spain Sovereign Debt Restructuring Coming Up Posted by Michael Shedlock at 1:49 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.
Original post: Germany in Recession: Private Sector Sees Fastest Falls in Output and New Business Since June 2009; New Export…
Read the original: Record Low Yields Once Again on US Treasuries
Visit link: Mish on Capital Account: Discussion of Social Media Panic in Italy, Soaring Yields in Spain, and the Upcoming…
See more here: Spanish Finance Minister in Germany Pleads for Temporary Credit Line to Halt an "Imminent Financial Collapse"
Black Monday messages on Facebook and Twitter have gone viral in Italy as people have had enough of austerity, job losses, and uncertainty. La Stampa reports on Panic in the Network