Hard hitting global and local news
12 Month Avg Excluding October 2013 111 207 Even after eliminating the government shutdown effect, the difference between the two surveys is still huge. From October 2012 through September 2013, the household survey suggests employment rose by an average of 111,000 per month. The establishment survey suggests 207,000 jobs per month on average
Originally posted here: Hussman’s Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing…
Please consider The euro debate Greece is not having There is no dispute that Greece’s current account, from a staggering deficit of close to 35 billion euros in 2008, is nearing balance.
Follow this link: Founder of French Website "Hollande Resignation" Arrested, Car Impounded for "Insulting the President"
The European budget debate stepped up a notch today as Italy, Spain Warned on Budget . After Italy rebuffed warnings about its budget, euro-area finance ministers late Friday agreed to give the country additional opportunities to show it can make savings and bolster revenue.
Excerpt from: UKIP "Last Best Hope for Britain"; May 2014 European Parliament Vote: What Shift is Taking Place? Political Earthquake?
Read this article: Expect "Dramatic Slowdown" in Germany: Saxo Bank Analysis
On September 2, 2011, the Wall Street Journal chimed in with A French Banking Primer The effects of a system that ‘encourages excessive financial leverage’. By its own account, Credit Agricole’s tangible common equity is just 2.1% of its assets—which means its €1.6 trillion balance sheet is leveraged nearly 49-to-1.
Read this article: Gambling On No Healthcare Insurance: Is it a Good Deal? Here’s the Math; Obamashock! Work More, Get…
CNBC reports Obamacare bombshell: IT official says HealthCare.gov needs payment feature Another day, another big, bad black eye for HealthCare.gov. A crucial system for making payments to insurers from people who enroll in that federal Obamacare marketplace has yet to be built, a senior government IT official admitted Tuesday.