Hard hitting global and local news
Japan Times reports Robots Leave Behind Chinese Factory Workers According to the International Federation of Robotics, an association of academic and business robotics organizations, China bought approximately 56,000 of the 227,000 industrial robots purchased worldwide in 2014 — a 54 percent increase on 2013. And in all likelihood, China is just getting started
I received many questions and comments regarding Obama’s Trans-Pacific Partnership Fiasco vs. Mish’s Proposed Free Trade Alternative . While most do see Obama’s Trans-Pacific Partnership (TPP) as a fiasco, many question my alternative proposal: An excellent free trade agreement would consist of precisely one line of text: All tariffs and all government subsidies on all goods and services will be eliminated effective June 1, 2015"
Bloomberg reports Shanghai Traders Make Trillion-Yuan Stock Bet With Borrowed Cash . Shanghai traders now have more than 1 trillion yuan ($161 billion) of borrowed cash riding on the world’s highest-flying stock market.
Via translation from El Economista, please consider France Limits Cash Payments to 1,000 Euros The French Government will limit cash payments to 1,000 euros, compared to 3,000 euros today, a move that will come into force in September to combat terrorist financing and money laundering, in an announcement from Finance Minister Michel Sapin.
Error Over Quota This application is temporarily over its serving quota. Please try again later
Please consider Lumber Liquidators Linked to Health and Safety Violations . The following is a script from "Lumber Liquidators" which aired on March 1, 2015
Continue Reading: Business Activity Contracts in Japan, Modest Expansion in China; PBOC Rate Cut Seen
See more here: US "Pivot" Sends Asia Fleeing Toward China
Consumers Report Stable Inflation Expectations, Lower Spending Growth Expectations Posted by Michael Shedlock at 3:09 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).
Error Over Quota This application is temporarily over its serving quota. Please try again later.