Hard hitting global and local news
Read the original: Harvard Professor Frankel Proposes "ECB Should Buy US Treasuries" to Fix Eurozone Problems
Read More: Wholesale Sales Unexpectedly Decline (Most in Nearly Five Years), Inventories Unexpectedly Rise
The EPI had an interesting chart and comments in its report The Vast Majority of the 5.8 Million Missing Workers Are Under Age 55 . Since the start of the Great Recession over six years ago, labor force participation has dropped significantly. Most of the drop—roughly three-quarters—was due to the lack of job opportunities in the Great Recession and its aftermath.
See original article: Book Review: The Money Bubble (What to Do Before it Pops) – Two Thumbs Up
Taken from: Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago
Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years
European Border Changes Over Last 1000 Years Posted by Michael Shedlock at 3:57 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
See the article here: Nigel Farage: "UKIP Biggest Threat to Political Establishment in Modern Times"
View post: ISM Rebounds "Stronger than Expected" But for How Long?
Both output and new orders decline for the first time since July 2013 Payroll numbers are cut at fastest rate since March 2009 Solid reduction of output charges Chinese manufacturers signalled reductions of both output and new business in February, leading to a moderate deterioration of overall operating con ditions. As a result, firms cut their staffing levels again in February and at the quickest pace in nearly five years