Hard hitting global and local news
Hard hitting global and local news
See original article: China Manufacturing PMI Shows Modest Growth; Don’t Expect Bounce to Last
Read this article: Gold, Stock Market Up as Fiscal Cliff Can-Kicking Deal at Hand
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Near survey-record year-on-year fall in retail sales Rate of job losses fastest since July Business sentiment weakens to series low Summary: Italy’s retail sector remained in a steep downturn in December, with sales dropping sharply according to both monthly and yearly measures. Gross margins decreased amid a further rise in average wholesale prices, while firms cut employment and purchasing activity in line with lower sales. The month also saw business sentiment hit a record low
Follow this link: A Tale of Frankenfish or Salmoning Thru the Gates
More: Bank of Japan Holdings of Japanese Government Bonds Exceeds 100 Trillion Yen for First Time
See the original post: Loan Default Rate Hits 11.23% in Spain, a New Record; Construction Defaults Hit 26.4%; Credit Plunges…
Late last month, Kyle Bass, managing partner of Hayman Capital, shared his thoughts in a video at the University of Virginia Darden School of Business Investing Conference with Professor Ken Eades. It is a fantastic interview that echoes many of the things I have been saying about Japan for quite some time.