Hard hitting global and local news
Read the article: Japanese Exports Sink 3rd Month; Flash China Manufacturing PMI Shows Output down at Sharpest Rate in Ten…
Read the article: FedEx Package Volume Down 5% in US; FedEx Shipments vs. Real GDP; Preliminary Petroleum Use Figures for…
A summary of California State Finances for August 2012 looks like this: Except for corporate income taxes (down a whopping 71.5% vs. projections), the state is doing better in August than budgeted.
View article: QE to Infinity and Beyond; Mish for President?
View original post here: Romney’s Nearly Impossible Math; Foot-in-Mouth Disease; Mish Electoral College Prediction
View article: Reflections on Social Media and Demographics
Read this article: Rehypothecated "Ghost" Steel Pledged as Assets in China, Nowhere to be Found; Did it Ever Exist?
If you are seeking an amusing yet disconcerting diversion from QE talk, please consider Lawmaker fined about $4,000 for insulting EU chief . How much does it cost to tell the one of the EU’s top officials he has "the charisma of a damp rag?" About €3,000, or close to $4,000, as a European member of Parliament has discovered.
View article: House Approves Sweeping, Warrantless Electronic Spy Powers; "The Program"; Are Your Emails Being Monitored? Mine Likely Are