Tag: business

September 6, 2012 0

August Services ISM +53.7; All News Good News

By News Desk

Faster 183 "The NMIâ„¢ registered 53.7 percent in August, 1.1 percentage points higher than the 52.6 percent registered in July. This indicates continued growth this month at a slighter faster rate in the non-manufacturing sector.

September 6, 2012 0

Australia Department Store Sales Slump 10.2 Percent; Retail, Food Store Bankruptcies; Reflections on Housing and Commodities Bust

By News Desk

For details please see By 2015 Hard Commodity Prices Will Collapse; Australia’s Mining Boom Dies (and the Official Denials Start) Wrapping up the disaster in Australia, please see Michael Feller’s synopsis on Macro Investor Being a Bear is Not "unAustralian" . Peruse the Reserve Bank governor’s recent remarks to the senate or listen to the commentariat on talkback radio and it would seem that Australia’s economy has become victim of nothing more than an insidious rogue gloom-and-doomerism that threatens to hurt the nation, or worse. At its worst, this anti-half-glass-empty rhetoric smacks economic McCarthyism

September 4, 2012 0

How to Get to Mars

By News Desk

How to Get to Mars Posted by Michael Shedlock at 8:45 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.

September 3, 2012 0

Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing, but US Dollar Backed by Federal Reserve"

By News Desk

Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing, but US Dollar Backed by Federal Reserve" Congratulations to Canadian journalist Bridget Brown, a CTV news field reporter for being the most economically illiterate TV journalist in history. Brown proposes gold is not backed by anything but the US Dollar is backed by the Federal Reserve which will be around a year from now

September 1, 2012 0

Foreclosure Stats From You Walk Away

By News Desk

19 Says Maddux In Florida, 45% of our clients are in pre-foreclosure status. On average, these Florida homeowners are 17 months delinquent and have yet to receive even their first formal foreclosure notice.

September 1, 2012 0

Spain’s Budget Deficit Already Exceeds Maximum for Entire Year; Path of Convergence

By News Desk

Via Google Translate from Libre Mercado central government deficit already exceeds the maximum provided for the year The central government posted a deficit of EUR 48,517,000 through July in terms of national accounts, the 4.62% of GDP, representing an increase of 25.8% compared to last year, according to data provided by the Secretary of State Budgets, Marta Fernandez Currás. The deficit figure exceeds the new limit has assumed the state, which has risen to a point, to 4.5%, for the extra year he gave Brussels to Spain to reduce the deficit to 3%.