Hard hitting global and local news
Read this article: An Analysis of July Employment Numbers 1955 to 2013; Full-Time Employment Down Over 5 Million Since 2007
The latest news from RoboHub shows World’s lightest and thinnest circuits pave the way for ‘imperceptible electronics’ .
I am normally critical of IMF forecasts, but their baseline unemployment projection for Spain of 25% or more with no more than .6% annual growth through 2017 seems reasonable. The pessimistic scenario is a toxic deleveraging downward spiral that continues right now. The optimistic scenario assumes 2% growth, but that scenario does not start until 2018, and only if labor reforms in Spain and Europe take place
Visit link: Treasury Yields Surge Following Allegedly Good Data; Is Bernanke Getting the Message?
Slight expansion of sales recorded in July Slowest fall in employment for over a year Further reduction in purchasing activity Summary French retailers signalled a return to growth in sales during July. Although modest, the month-on-month increase was the first recorded since March 2012. Sales were also marginally higher on an annual basis
View original post here: Carl the Robot Bartender Mixes Drinks and Chats With Customers
Juergen Stark, former ECB chief economist (who resigned in 2011 over a dispute regarding bond purchases), says in an interview in Handelsblatt "The Euro crisis will worsen in late autumn" Via Google Translate A year ago, ECB chief Draghi announced plans to do anything to save the euro. The former ECB chief economist Juergen Stark considers this fatal. He fears that the ECB will soon have to support France with bond purchases
View article: Payroll Employment for Age Group 18 to 29 Shows Fewer Full-Time Employment "Regardless of Education"
China Manufacturing PMI Declines at Quickest Pace Since Last August Posted by Michael Shedlock at 10:50 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).
Continue Reading: About that Austerity in Spain: There Isn’t Any