Hard hitting global and local news
Excerpt from: Ten Reasons for Declining GDP Growth Over Time; Analysis of Various GDP Deflators
"Shocking" Contraction The GDP report was a shocker, coming in at an annual rate of negative 0.1%.
Please consider L’austérité à la française: city sells prized wines . The city of Dijon has just sold off half of its prized municipal wine cellar to help fund local social spending – including a bottle of 1999 Burgundy knocked down at auction for €4,800 to a Chinese buyer. In total, the capital of the Burgundy region raised €151,620 from the “historic sale†of 3,500 bottles that were part of a collection built up since the 1960s, it announced in a statement on Monday
I want you to publish this rebuttal to your post. You can use my first name if you’d like with Libertarian-turned-Keynsian in brackets
Read the article: Debt Grows at Astonishing Rate Even in Texas; A Roadmap to Better; "It’s Your Money"; Infinite Amortization…
While pondering what Dragi knew or didn’t, let’s turn our focus on actual losses. Reuters reports Monte Paschi Shares Plunge on Derivative Loss Fears Shares in Banca Monte dei Paschi di Siena, Italy’s third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009
While pondering what Dragi knew or didn’t, let’s turn our focus on actual losses. Reuters reports Monte Paschi Shares Plunge on Derivative Loss Fears Shares in Banca Monte dei Paschi di Siena, Italy’s third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009
See more here: Yen Set for 11th Weekly Drop; Japan Records Largest Trade Deficit in History
Flash China Manufacturing PMIâ„¢ at 51.9 (51.5 in December).