Hard hitting global and local news
Here’s an interesting article thanks to Jed Kolko, Chief Economist at Trulia Trends via Washington Post Wonkblog: The most expensive housing markets in the U.S.
See the article here: El-Erian: "Europe Is One or Two Rounds of Sanctions From Recession"; El-Erian Far Too Optimistic
The US NED website now has a page dedicated to disavowing evidence it is behind "Occupy Central." Titled, " The National Endowment for Democracy and support for democracy in Hong Kong ," NED claims:Â In the wake of recent pro-democracy demonstrations in Hong Kong, state controlled Chinese news outlets have published erroneous reports that the National Endowment for Democracy (NED) has played a central role in the protests. NED would go on to admit that it is extensively funding political activity in Hong Kong.
Read More: Another Unbelievable Stress-Free Test; Whitewash Math and Deferred Tax Assets
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Flash Germany Composite Output Index at 54.3 (54.1 in September), 3-month high. Flash Germany Services Activity Index at 54.8 (55.7 in September), 4-month low. Flash Germany Manufacturing PMI at 51.8 (49.9 in September), 3-month high
Late Payments by Ibex Companies Hits €47 Billion, 169 Days (3 Times Legal Time Limit); Ibex vs. DOW Lack of significant improvement in payments by IBEX companies to suppliers is yet another another sign there isn’t much of a recovery in Spain
Read the original: Saxo Bank CIO Jakobsen Predicts Another "Shock Drop" in Markets; Addicted to Cheap Money
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View article: McDonald’s Vows Fresh Thinking After Net Income Declines 30%; Mish Offers Some Advice