September 8, 2012
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Hard hitting global and local news
Hard hitting global and local news
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Activity falls at weakest rate in four months Drop in new orders sharpest since February Staffing numbers reduced as sentiment hits eight-month low Summary: The downturn in Germany’s construction sector continued in August. Despite an accelerated decrease in incoming new orders, the total level of activity fell at a slower rate.
More: New York State Employment Situation in Graph Form
Baby Boomers and Strategic Defaults – a Demographic Study: Why Did People Walk Away? Did They Struggle With Morality? Would they Recommend Walking Away to Others?
View post: Household Survey: Number of Employed Declines by 119,000 as Those Not in Labor Force Rises by Spectacular 581,000;…
Read More: Attention JP Morgan Chase Customers and Credit Card Holders
View post: "Property Always a Good Investment" Says President of National Association of Realtors in India
Originally posted here: UK Obsession With Regime Change Responsible for Syria Catastrophe
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
1 Key Points The PMIâ„¢ registered 49.6 percent, a decrease of 0.2 percentage point from July’s reading of 49.8 percent, indicating contraction in the manufacturing sector for the third consecutive month.