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Read More: China PMI barely Above Contraction; Chinese Stocks Slump as Manufacturing Slows
The Minister of Public Works and Housing of the Government of Andalusia, Elena Cortes Jimenez, advocates a Reduction in Mortgage Debt for All Spanish Families . Here is a Mish-modified synopsis. Elena Cortes Jimenez, Minister of Public Works, claims eviction proceedings lead to further drying of mortgage lending, making it harder for young people to access home ownership
Read the original: Italy Presidential Election Still Deadlocked; Political Posturing in Perspective
In Swiss law, private citizens can put forth any initiative that can gather 100,000 signatures. A campaign by the Swiss People’s Party to ” Save our Swiss Gold ” gathered 106,052 signatures so a vote will be coming up.
Read this article: Spain’s Community Debt Tops €42 Billion as Unpaid Bills Mount; Madrid Worst Offender
Velocity is at a six decade low No signs suggest credit creation is turning more productive Debt Constrains Growth Commodities are down 20% in the last two years By Lacy’s definition, the Fed is "not printing". By mine, the Fed is. Bernanke says one thing on one occasion and humorously denies it the next.
One reader sent a link to a Philly.Com article by Joseph N. DiStefano titled Philly effort to keep well-known troubles quiet wins new attention .
Read More: Philadelphia, 5th Largest City in US is Effectively Bankrupt; Mayor Holds Closed Meeting With Wall Street to Discuss…
Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts
Jet Fuel Usage Q1 2013 Fuel Oil Usage Q1 2013 Residual Fuel Oil Usage Q1 2013 Tim Wallace writes … Hello Mish Here are separate charts for Total Distillates, Gasoline, Kerosene Jet Fuel, Fuel Oil (diesel, etc.) and Residual Oils.