Hard hitting global and local news
View article: Mexico Central Bank Warns of "Potentially Severe Shock" Caused by Credit Crunch, Seeks Emerging Market "Buyer of Last…
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Error Over Quota This application is temporarily over its serving quota.
Continue Reading: More Fed Confessionals; Funny Oil Videos; In Search of Bullard; Inflation Expectations
Empire State Manufacturing Index Posts Horrific -19.37, Lowest Reading Since April 2009 Economic data today was awful, at best. Retail Sales Were Negative , and that was arguably the best report. Let’s now take a look at the other reports starting with Empire State Manufacturing
Despite glowing reports of last minute Christmas sales, none of which I believed, December retail sales are best described as awful. Apparel was a standout, down 0.9%. The surprise here is that nobody blamed the weather.
Lies and More Lies: Another Look at Obama’s State of the Union Address Posted by Michael Shedlock at 7:05 PM 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
Error Over Quota This application is temporarily over its serving quota. Please try again later.
The Wall Street Journal reports Turkey Blames Islamic State in Istanbul Attack .
I commented on that outcome in Pro-Independence Spanish Parties Strike Deal to Form Government, New Catalan Election Called Off; Rajoy in Hot Seat . Price of Deal Disclosed The decision by Artur Mas to step aside came with a price. Via translation from El Economista, here are the terms of the deal