Hard hitting global and local news
Link if video does not play: Immigration, World, Poverty, Gumballs I like the " gumball " analogy. However, I have never heard anyone say " US immigration is the key to solving world poverty ". So right off the bat I am wondering if Roy Beck is attacking a straw man that does not exist.
More here: Fund Flow Records Smashed: Equity Funds Get Record $352 Billion Inflow, Bond Funds Lose Record $86 Billion
Rounding out our trio of articles from today, please consider Still unclear exactly how QE eases conditions: Fed’s Dudley . Extensive research into massive asset-purchase programs has not yet clarified whether such policies ease financial conditions primarily as a signal to investors or more directly through private portfolios, an influential U.S.
Zero Hedge : Pending Home Sales Plunge At Fastest Pace Since April 2011 It took about one second to understand the discrepancy. All but the ZeroHedge headline (not necessarily the articles) ignored the NAR statement (see first link) " The Pending Home Sales Index,* a forward-looking indicator based on contract signings, inched up 0.2 percent to 101.7 in November from a downwardly revised 101.5 in October, but is 1.6 percent below November 2012 when it was 103.3. " ZeroHedge has a chart that shows just that.
See original article: Madrid Bans Vacation Home Rentals to "Protect Tourists" and "End Unfair Competition"
See the original article here: China Interest Rate Crisis Continues: 7-Day Interest Rate Doubles to 10% in One Week; China…
See original article: Free Shipping, Lenient Return Policies, Rampant Returns; UPS Expects 15% Jump in Returns; Reflections on Retailer Wages
USA Today reports Average 30-year mortgage rate moves up to 4.47% Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan increased to 4.47% from 4.42% last week. The average on the 15-year fixed loan rose to 3.51% from 3.43%. A government report issued Wednesday showed that U.S.
Excerpt from: 50 Foreign Companies Operating in France Sound the Alarm
Fed Study Shows Drop in Participation Rate Explained by Retirement; Let’s Explore that Idea, in Depth and in Pictures A November Fed study on the Causes of Declines in the Labor Force Participation Rate by Shigeru Fujita at the Federal Reserve Bank of Philadelphia concludes " The decline in the participation rate in the last one-and-a-half years (when the unemployment rate declined faster than expected) is entirely due to retirement.