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More here: Nonfarm Payrolls +214K (Led by 52,000 Leisure Jobs); Unemployment 5.8%; Labor Force +416,000
Riots in Brussels: 100,000 Protest Austerity, Overturn Cars, Throw Fire Bombs; Wherefore Art Thou Austerity? In Search of Austerity In spite of the fact there has been little-to-no austerity to speak of in Europe, or anywhere else in the world for that matter, (rising government debt proves that claim), France moans about austerity, Spain moans about austerity, Italy moans about austerity, and economists like Krugman moan about austerity.
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I watched the returns all evening from Start to finish, not that anything was much in doubt. I expected the Republicans would finish stronger than the polls suggested, and they did by a huge margin
Excerpt from: Sisyphean Fed Struggle to Create Inflation; Faber on Gross’ Deflation Theory, Japan’s Bond Ponzi Scheme, and Gold
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Jon Coupal, October 26, 2014, HJTA California Commentary If that isn’t plain enough – here’s a restatement: California’s politicians can ask voters to approve bonds, announcing the funds will be used for a specific purpose, then they can turn around and do anything they want with the money. And while there’s been a lot of coverage and debate over big statewide bond votes, the real money is in the countless local bond issues that collectively now encumber California’s taxpayers with well over $250 billion in debt . Over the past few weeks we’ve tried to point out that local tax increases – 166 of them on the November 4th ballot at last count, tend to be calibrated to raise an amount of new tax revenue that, in too many cases, are suspiciously equal to the amount that pension contributions are going to be raised over the next few years.
Read more here: Weaker China PMI, Especially New Orders and Exports
215,000 Doctors (1 in 4 Nationally, 70% in California) Refuse Obamacare Patients Over Payment Issues Posted by Michael Shedlock at 7:28 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)
Today Walmart leapfrogged the pack with 20,000 items on sale for the holiday season .