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Read More: Nikkei Futures Up Limit, Yen Collapses, Dollar Up, Gold Down as BoJ Pledges "Unwavering Determination" to Get 2%…
View original post here: Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefit"
Here’s a story that really caught my eye: Wal-Mart offers bleaker outlook for sales and profit growth .
See more here: Nonfarm Payrolls 248K; Unemployment 5.9%; Employed +232K; Labor Force -97K
The "elephant in the room" is debt. Try as they might, central bankers have not been able to spur credit, hiring, or much business expansion because of the elephant.
UK, Ireland, Italy : The WSJ mentions the UK, Ireland, Italy, and even the United Nations in its report Sex, Drugs and GDP: the Challenge of Measuring the Shadow Economy . From the preceding link, the WSJ reports …
A Financial Times headline portrays falling prices as a negative thing: Deflation Takes Shine Off Sales for Italy’s Shopkeepers .
View original post here: China Industrial Growth Slows, Power Generation Negative 1st Time in 4 Years; Stimulate Now, Crash Later
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Today, the Wall Street Journal reported U.S. Consumer Spending Declines 0.1% in July .