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Read More: Wholesale Sales Unexpectedly Decline (Most in Nearly Five Years), Inventories Unexpectedly Rise
Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years
Link: Eurozone in Deflation; Monetarist Mouthpieces Will Scream
Read the article: Project Midas: "Bad Bank" for "Bad Bank Debt"
Originally posted here: Hilarious Transcripts of Fed Minutes from 2008 Reveal Completely Clueless Fed
See the original post: CBO Report Says Minimum-Wage Hike Will Cost 500,000+ Jobs; Common Sense vs. Research Papers
Bloomberg reports Retail Sales in U.S. Unexpectedly Fell 0.4% in January Sales at U.S.
Originally posted here: Obamacare Creates Incentive to Work Less; CBO Estimates Obamacare Will Cost 2 Million Full-Time Equivalent Jobs by…
ISM Report Snips PMI Manufacturing expanded in January as the PMI® registered 51.3 percent, a decrease of 5.2 percentage points when compared to December’s seasonally adjusted reading of 56.5 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
Original post: When Will the Fed Hike Part II – Discussion of Debt Duration – Communication the Only Tool Left