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Read this article: No One Happy Except Stock Market; Discord Emerges in Spain, Italy, Germany to ECB Announcement
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Activity falls at weakest rate in four months Drop in new orders sharpest since February Staffing numbers reduced as sentiment hits eight-month low Summary: The downturn in Germany’s construction sector continued in August. Despite an accelerated decrease in incoming new orders, the total level of activity fell at a slower rate.
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Baby Boomers and Strategic Defaults – a Demographic Study: Why Did People Walk Away? Did They Struggle With Morality? Would they Recommend Walking Away to Others?
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Faster 183 "The NMIâ„¢ registered 53.7 percent in August, 1.1 percentage points higher than the 52.6 percent registered in July. This indicates continued growth this month at a slighter faster rate in the non-manufacturing sector.
Originally posted here: Unlimited Bond Buying "With Strings"; Mario Draghi vs. Randall from Monsters Inc
For details please see By 2015 Hard Commodity Prices Will Collapse; Australia’s Mining Boom Dies (and the Official Denials Start) Wrapping up the disaster in Australia, please see Michael Feller’s synopsis on Macro Investor Being a Bear is Not "unAustralian" . Peruse the Reserve Bank governor’s recent remarks to the senate or listen to the commentariat on talkback radio and it would seem that Australia’s economy has become victim of nothing more than an insidious rogue gloom-and-doomerism that threatens to hurt the nation, or worse. At its worst, this anti-half-glass-empty rhetoric smacks economic McCarthyism
Via Google translate from Libre Mercardo please consider The VAT increase is the largest tax increase democracy . Each Spanish pay an average of 20.8% VAT, 369 per year, six days of extra work to comply with the Treasury.