May 10, 2013
Huge Bubble in India Home Prices Ready to Burst
Here are some interesting charts by Deepak Shenoy on the India Housing Bubble .
Hard hitting global and local news
Hard hitting global and local news
Here are some interesting charts by Deepak Shenoy on the India Housing Bubble .
Bloomberg reports Brent Pressured by U.S. Tripling Crude to Canada
Please consider the inane "Action Plan" for Eurozone Straggler Slovenia . The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts. Moody’s last week cut its rating on Slovenia two notches to "junk", the economy has been in recession since 2011, unemployment stands at 13.5 percent and voters are fed up with their political leaders
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Originally posted here: Self-Serving Recommendation of the Day: Visa Asks Spain to Lower Limit on Cash Transactions
President François Hollande’s popularity has sunk to a new low of 24%. Rather than blame his own policies for the huge rise in unemployment and the lack of competitiveness in France, Hollande pins hopes of fresh start on cabinet reshuffle .
The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an “excessive imbalances procedure” by the end of the month.
Read more here: Jobs +165,000, Part-Time Employment +441,000; Unemployment Rate 7.5%; Dow Tops 15,000
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