Hard hitting global and local news
Housing Regulator Wants to Throw the Drowning Poor an Anchor; Mish Alternative Proposal Now that home prices have recovered from the Great Financial Crisis to the point of being way overvalued again in many areas, a Housing Regulator Targets More Support for Poor Borrowers . The regulator for U.S
More: Bond Spread Blowout Revisited; Fred Data Error
Blowout in Some Corporate Bond Spreads; Bond Funds Post 3rd Week of Outflows Posted by Michael Shedlock at 2:01 AM 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
1st Quarter: +0.6% 2nd Quarter: +2.3% The retail sales revisions may add another 0.2% or so to second quarter, assuming there are no other changes. That’s a huge assumption given the history of revisions in nearly every economic number
In sunny Spain, Solar Energy Storage is Worse Than Nuclear Spillage Storing solar energy in a battery in Spain is more criminal than spilling radioactive waste. That’s the implied message written between the lines of a recently drafted law poised for fast-track approval by the government of Spain
Household Spending Projections Decline Again: Does the Fed Believe Its Own Surveys? Posted by Michael Shedlock at 3:28 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Read more here: Mish for President: Officially Throwing My Hat Into the Ring; 11 Questions, 11 Answers
See the article here: Capital Controls Destroy Greek Small Businesses; Bank Shares Plunge Again; Record Contraction
Factory Orders Rise 2nd Time in 11 Months, Led by Aircraft; The "Bounce" in Five Pictures Factory orders rose for only the second time in eleven months, in line with the Consensus Estimate .