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Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid.
Original post: An Offer You Cannot Refuse; EU Passes Law Forcing Countries to Take Bailout; Is Spain the First Target?
View the original here: Housing Construction in France Lowest in 50 Years; Hollande Responds With Measures to Support Building "For…
Bloomberg reports Japan Machinery Orders Fall 13% in Sign of Limits on Investment . The decline from the previous month, announced by the Cabinet Office today in Tokyo, compared with the median estimate in a Bloomberg News survey of 26 economists for a 1.7 percent fall.
As reported by Yahoo! Fiance ,Roubini stated ECB must cut rates or risk crisis again The bank would act eventually to avoid the recession getting worse, but risked doing "too little, too late," Roubini said in an interview with CNN’s Nina dos Santos. "They have to cut the policy rate, they have to stimulate the economy, they have to try to weaken the value of the euro," said Roubini, who was credited with predicting the financial crisis of 2008. "The euro should be 10, 20 or even 30% weaker to restore the competitiveness of the [eurozone] periphery," Roubini said
More here: Rise of the Eurosceptics in Germany; One in Four Would Vote for Anti-Euro Party
Read the article: Demographic Nightmare; Recession Through Recovery in Pictures
View original post here: France Postpones Austerity and Deficit Targets for Rest of 2013
Original post: Investigating Obama’s Claim That Sequester Cuts Will Reduce Vaccinations For Kids