Hard hitting global and local news
Read More: Germany Pushes for Financial Transaction Tax; Will Cameron Face Reality?
View article: Raging California Wildfires Force Evacuations; Governor Brown Declares State of Emergency
View original post here: The Troll Needs a New Bridge
In a big understatement of Illinois’ problem, a Crain’s Chicago headline reads Illinois IOUs Growing Fast, Could Pass $8.5 Billion by Yearend .
0.035 Baby Steps Plotted Fed fund futures imply a very slow tightening of 3-6 basis points a month. The only exception is January to February of 2017 where the incremental rise is 8 basis points (0.080 percentage points). The Fed does not set policy every month.
View article: Cross-Border Deflation: US Export Prices Collapse Most Since July 2009; How Damaging is Price Deflation?
Taken from: Tracking "Emailgate" and "Apologygate"; Clinton’s Half-Baked Apology; Lightning Strikes Twice
View article: German Reader on "Political Correctness"; Denmark Cancels All Trains From Germany; Juncker Pleads for Compulsory Refugee Quotas
In yet another oil price crash side effect, Dollar Denominated Loans in Saudi Arabia Jump 600% . Dollar borrowing in Saudi Arabia has surged seven-fold this year as the kingdom’s companies switch out of increasingly expensive local currency-denominated loans. About 65 percent of all loans taken out in Saudi Arabia through Tuesday were in dollars, compared with 13 percent for all of 2014, according to data compiled by Bloomberg