Hard hitting global and local news
Read the original post: German Economy Contracts, France Stagnates, Italy in Recession; Time for a Rethink
Link: First-Time Home Buyer Dilemma: Overpay or Be Shut Out; Home "Ownership" Slavery
Taken from: Italy "Unexpectedly" Slips Back Into Recession
See more here: Household Demographics 2003 vs. 2013: Spotlight on Age of Head of Household
Housing Insanity Japanese Style: Record Number of Vacant Homes in Japan, Abe Wants to Stimulate Home Building Thanks to a rapidly aging population, record numbers of Japanese homes sit vacant according to the July 30, 2014 Asian Review report Vacant Homes in Japan Reach Record as Outlying Population Shrinks . A record 13.5% of all homes in Japan were unoccupied as of last October, reflecting an exodus from outlying regions of the country and a general aversion to used homes. Preliminary figures for a study on homes and land, conducted once every five years, were released on Tuesday by the Internal Affairs Ministry
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click on chart for sharper image Summary Note that the US dollar is about where it has been since the beginning of 2012, but higher than it was in October of 2012 when it was judged to be "overvalued". Is it more overvalued today? Apparently the British pound, New Zealand dollar, Australian Dollar, the US dollar, the euro, and the yen are all overvalued
Read the original: The Piece Fits; Debunking Revisited
Argentina "Determined to Default" Second Time Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a vulture fund picked up an 8% share at rock bottom prices and refused to negotiate. In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on the small group of hold-outs.
Excerpt from: Did the Rebels Have a Buk System? How About a Working One? Flight Diverted Over Restricted Space?