August 21, 2014
Japan PMI "Strongest Since March": Does That Mean "Strong"?
Read the article: Japan PMI "Strongest Since March": Does That Mean "Strong"?
Hard hitting global and local news
Hard hitting global and local news
Read the article: Japan PMI "Strongest Since March": Does That Mean "Strong"?
Via translation from Libre Mercado, Spain Again Borrows Abroad to Finance Consumption . One of the main and genuine green shoots making the Spanish economy begins to show the first worrying signs of weakness
Here’s the unbelievable claim of the day: Ukraine Attacks Russian Military Convoy, Says President . Moscow’s stand-off with Kiev intensified dramatically on Friday night after the Ukrainian government said it had blown up a Russian military convoy inside its territory, news that sparked a flurry of diplomatic activity to try to defuse the deepening crisis
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We can now put some numbers on "forced retirement" thanks to a Fed study that shows 40% of households show signs of financial stress Four out of 10 American households were straining financially five years after the Great Recession — many struggling with tight credit, education debt and retirement issues, according to a new Federal Reserve survey of consumers. This latest snapshot, which the Fed said was aimed at monitoring the recovery and risks to financial stability, adds to the understanding of the severity of the Great Recession’s effect on households and individuals
See the article here: Meet "McCashier" Your $15.00 Per Hour McDonald’s Worker Replacement
See more here: Household Demographics 2003 vs. 2013: Spotlight on Age of Head of Household
Housing Insanity Japanese Style: Record Number of Vacant Homes in Japan, Abe Wants to Stimulate Home Building Thanks to a rapidly aging population, record numbers of Japanese homes sit vacant according to the July 30, 2014 Asian Review report Vacant Homes in Japan Reach Record as Outlying Population Shrinks . A record 13.5% of all homes in Japan were unoccupied as of last October, reflecting an exodus from outlying regions of the country and a general aversion to used homes. Preliminary figures for a study on homes and land, conducted once every five years, were released on Tuesday by the Internal Affairs Ministry
China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands An interesting divergence is underway in China with manufacturing in expansion while the service sector is at the lowest reading since November 2005 according to HSBC China Composite PMI HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled a third consecutive monthly expansion of Chinese business activity in July. That said, the rate of increase eased from June‟s 15-month high and was moderate overall.