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Read More: EU Rules Bitcoin is a Currency, US Says Bitcoin is a Commodity; Which Side is Correct? What About…
Has the global economy stabilized in the last month? Of course not. Have the risks receded
Read the original: Regional Fed Reports Five for Five in Contraction; Texas Region Worsening, Richmond Negative Again
Refugees will Freeze to Death Warns Juncker Without assigning any blame to himself for the predicament, Juncker warns Refugees Will Freeze to Death . Migrants crossing the Balkans will begin freezing to death as winter approaches, the head of European Union has said, as leaders warned the continent was "falling apart" trying to deal with the biggest refugee crisis since the Second World War
Reuters asks Why are Chinese Malls Closing if Consumption is Rising? Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and department stores, despite official data showing a sharp rebound in retail sales that helped the world’s second-largest economy beat expectations in the third quarter. The answer to that apparent contradiction lies in the rising competition from online shopping and government purchases possibly boosting retail statistics.
China Renews Commitment to Global Easing Party; US Tightening by Force Fresh on the heels of an ECB announcement of more QE and the further lowering of the excess reserve rate already at -0.2%, China Nervously Joins Global Easing Campaign .
More here: IMF Prepared to Bless Yuan As Reserve Currency; Reason to Celebrate? Any Real Significance?
Read the original: Mayor of Barcelona Prepares New Digital Local Currency
Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected. The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone’s economic recovery. The euro plunged 1.67 per cent against the dollar to $1.116 after Mario Draghi, the ECB’s president, said policymakers’ measures would need to be “re-examined†in December
Turkish Prime Minister Ahmet Davutoglu now says Turkey Should Not Become ‘Concentration Camp’ for Migrants . Turkey wants fresh funding from the European Union in exchange for stopping migrants streaming to Europe but should not be expected to turn itself into a "concentration camp" for refugees, Prime Minister Ahmet Davutoglu said on Monday