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Please consider these Google-translated snips from the Libre Mercado report Wolfgang Schäuble supports Rajoy’s policies and Cites "impressive" Results of the Spanish reforms . Schäuble is convinced that "Spain has made enormous progress in recent years under the Government of Mariano Rajoy". So much so that now Spain "has a strong economy, reduced labor costs, has significantly increased its exports and has done a good job in restructuring its banking sector, also after the trial of the Troika"
Speculative Gold Bets at 5-Year Low; Metal Will Get “Crushed†Says Credit Suisse Sentiment is never a perfect timing instrument.Yet, with Hedge Fund Bets on Gold at Five-Year Low I am comfortable stating the gold bull market is not over.
Inquiring minds may be interested in a chart of Spanish public debt over time to see how the policies of Spain and the Troika are working out in practice. Evolution of Spanish Public Debt Over Time I picked that chart up from estrategiastendencias . My stab at a translation of text regarding public debt reads "Spanish banks are deluded.
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Reader Tim Wallace took note of Bernanke’s testimony on jobs (see Bernanke’s Semi-Annual Tap-Dance of Distortions, Half-truths, Lies, and Hypocrisy to U.S. Congress ) and sent me the following chart. April Employment vs.
See more here: France Private Sector Implosion Continues
Continued here: Another Warning Call for Depositors! Bank of Spain Says Spanish Banks Need €10bn More Loan Loss Provisions; Mish…
Reuters reports IMF’s Lagarde in court for French arbitration case . IMF chief Christine Lagarde was questioned in court by French magistrates on Thursday over her role in a 285-million-euro ($366 million) arbitration payment made to a supporter of former president Nicolas Sarkozy.
Nikkei Plunges 1,143 Points (7.32%); Global Equities Hammered; Start of Reflation Bubble Bust? 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