Hard hitting global and local news
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January 2014, I dropped the Birth/Death Model charts from this report.
See more here: Merkel Reaffirms "Refugees Welcome" Policy Over Her Own Party’s Objections
See the article here: Greek Banks’ Non-Performing Loans Hit 43%; Only €14 Billion Recapitalization Needed?
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
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?
See the article here: Third Party Logistics: Will Amazon Disrupt UPS and Uber or Will Uber Disrupt Amazon, FedEx, and…