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As a guest post, here is the opinion of IMD Professor Carlos A. Primo Braga on on the economic, political and psychological drivers of Brazil’s currency slide.
3rd Quarter Advance GDP Estimate +1.5%; December Hike Odds Up to 46.5% The third quarter advance (initial) GDP estimate came in at 1.5% a bit under the Econoday Consensus of 1.7%, a bit over the Atlanta Fed GDPNow Forecast of 1.1%, and well below the Blue Chip consensus of 2.1%.
Crain’s Chicago Business reports Emanuel Gets His Huge Property Tax Hike . The City Council has approved Mayor Emanuel’s bad-news city budget, including plans for a record $543 million city property tax hike over the next four years
Tweet Science is understanding data, not data. Science requires data, and it requires models to understand the data. The best models will be based on well established principles of physics, chemistry and biology.
Cracks in the Economy Widen as Durable Goods Orders Sink The word of the day is "awful".
More: Keen vs. Keen: Will the Real Steve Keen Please Stand Up?
Read the original post: Sales, Earning Estimates Contract First Time Since 2009; US Back in Recession?
View article: Sweden’s Migration Projection Doubles in Three Months (And It Won’t Stop There); No Cash, Just Vouchers (Hah!)
