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Here’s an interesting article thanks to Jed Kolko, Chief Economist at Trulia Trends via Washington Post Wonkblog: The most expensive housing markets in the U.S.
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Late Payments by Ibex Companies Hits €47 Billion, 169 Days (3 Times Legal Time Limit); Ibex vs. DOW Lack of significant improvement in payments by IBEX companies to suppliers is yet another another sign there isn’t much of a recovery in Spain
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US Dollar, Euro, Yen, British Pound Forward Curves "Europe Has Become Japan" Seidner says that if he was washed up on an island and could periodically see one chart to let him know the state of the global economy the above chart would be the one as it shows interest rates, implied path of monetary policy, and the divergence between the US and the rest of the world. " From this perspective of the bond market, Europe has become Japan
More: M&A Deals Fail At Highest Rate Since 2008
View original post here: Challenge to Keynesians "Prove Rising Prices Provide an Overall Economic Benefit"
Nonperforming Spanish Loans Near All-Time High as Overall Credit Shrinks Posted by Michael Shedlock at 11:25 AM 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)
Read More: Greece 10-Year Bond Yield Soars to 9% as Prime Minister’s Gambit Explodes; Snap Elections Likely, and Opposition Syriza…