Hard hitting global and local news
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.
More: Germany Isolated as Greece Near €86 Billion Deal With Creditors; Ambitious Yes, Feasible No
Plagues of Locusts Invade Russia; Putin’s Inane Food Contraband Destruction Policy; Law of Asset Destruction Putin’s Inane Food Contraband Destruction Policy In an action as economically stupid as president Roosevelt destroying US farm produce during the Great Depression, Russia Incinerates Contraband Food . One year into its embargo on western food products, Russia has launched a controversial campaign to destroy all contraband meat, dairy and produce, using on-the-spot incinerators, dump trucks, rollers and meat grinders.
See more here: Long-Term Treasuries Rally in Face of Increasing Odds of September Hike; Taper Tantrum in Reverse?
Read the article: Establishment Survey +215K Jobs, Household Employment Survey +101K, Part-Time Employment -760K, Labor Force +69K
Read more here: Mish for President: Officially Throwing My Hat Into the Ring; 11 Questions, 11 Answers
More: Still No Illinois Budget; S&P Downgrades Chicago Convention Center Bonds by 7 Notches; Will Schools Open?
The Plunge in Bank Shares Drag Down Broader Market . Greek bank shares sold off sharply for the third day in a row on Wednesday with buyers yet to emerge on a scale large enough to counter continued dumping of the stocks