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Happy New Year! Posted by Michael Shedlock at 3:37 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
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Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional.
The Financial Times reports China Zombie Factories Kept Open to Give Illusion of Prosperity . In the shadow of a group of enormous smokestacks and abandoned foundries, a peeling sign welcomes visitors to the Wenxi Steel Industrial Park.
Spain to Issue €55 Billion in New Debt, 72% to Roll Over Existing Debt; Interest Rate Perspective Posted by Michael Shedlock at 3:24 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).
More here: Russia’s Overnight Lending Rate Hits 19%, as Mistrust of Banks Spreads; Ruble Up Again
Read the original: The Christmas Truce of 1914 – Pinhole of Light Among a Nightmare of Madness