Hard hitting global and local news
Read this article: Nonfarm Payrolls +113,000, Median Bloomberg Estimate 180,000; Huge March 2013 Employment Revision
The inevitable shape-of-things-to-come has finally arrived in a major California city. I am pleased to report Voters in bankrupt San Bernardino sweep old guard from power .
Latest EU Proposal: Let’s Pretend for Another 50 Years! Why Now? What cannot be paid back won’t, but that never stops officials from pretending it will. Please consider EU Said to Weigh Extending Greek Loans to 50 Years .
View post: Brazil, Russia Cancel Debt Auctions; Head-in-Sand Move Won’t Work
Originally posted here: Obamacare Creates Incentive to Work Less; CBO Estimates Obamacare Will Cost 2 Million Full-Time Equivalent Jobs by…
Taken from a Barron’s roundtable discussion, ZeroHedge reports Marc Faber Warns "Insiders Are Selling Like Crazy… Short US Stocks, Buy Treasuries Gold"
Today, the New York Times reports Detroit Turns Bankruptcy Into Challenge of Banks . Amy Laskey,a managing director at Fitch Ratings, said in a recent report that she sensed an “us versus them†orientation toward debt repayment
Is Portugal about ready to implode?
ISM Report Snips PMI Manufacturing expanded in January as the PMI® registered 51.3 percent, a decrease of 5.2 percentage points when compared to December’s seasonally adjusted reading of 56.5 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
Read the article: Loan Rates in Argentina Reach 65% Annually; Is 65% a Good Rate?