Hard hitting global and local news
Originally posted here: Former Australia Prime Minister Chastises EU on Securing Borders, Economic Migration; Mish for President Review
Has the global economy stabilized in the last month? Of course not. Have the risks receded
Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected. The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone’s economic recovery. The euro plunged 1.67 per cent against the dollar to $1.116 after Mario Draghi, the ECB’s president, said policymakers’ measures would need to be “re-examined†in December
View article: Anti-Immigration Party Wins Swiss Election
View article: Homebuilder Confidence Soars to Highest Level in 10 Years Despite Falling Traffic; Unwarranted Optimism?
I covered the Daily Show video in my post Caught in a Massive Lie: Daily Show Comments on Bernanke’s Lies Regarding "Printing Money" . So which is it?
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See the original article here: Export Prices Unexpectedly Collapse, Led by Agriculture; Non-Petroleum Import Prices Sink Most Since October 2009
Read More: Economists Chase Tails and Tales, Cut GDP Estimates Again
Continued here: Spain’s Secessionist Party Leaders to be Charged with "Act of Disobedience"