Hard hitting global and local news
View article: Merkel Cancels Davos Trip, Warns Refugee Sex Offenders Part of Organized Crime
Visit site: Mexico Blames China for "Frankly Perverse" Currency Wars Then Joins Mad Intervention Party
I commented on that outcome in Pro-Independence Spanish Parties Strike Deal to Form Government, New Catalan Election Called Off; Rajoy in Hot Seat . Price of Deal Disclosed The decision by Artur Mas to step aside came with a price. Via translation from El Economista, here are the terms of the deal
Visit link: Wholesale Trade Down 1%, Inventories Down -0.3% but Inventory-to-Sales Ratio Rises
China needs to prop up the yuan to slow capital flight.
Continue reading here: Chinese Markets Halted in 14 Minutes 17 Seconds, Equities Plunge Another 7.32%
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Read more here: Flattening of the Yield Curve in Pictures; Is an Inversion Necessary to Signal a Recession?
I have a watchful eye on initial unemployment claims. They have been trending higher (unexpectedly of course) since mid-October. Initial Claims 2015 Econoday economists were surprised by the jump.
A "Mish Together" January 5, 2016 Posted by Michael Shedlock at 2:22 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)