Hard hitting global and local news
Reuters reports China Deflation Fears Grow as Producer Prices Sink Most in Six Years . China’s manufacturers slashed prices at the fastest rate in six years in August as commodity prices fell and demand cooled, signaling stubborn deflation risks in the economy and adding to expectations for further stimulus measures
Taken from: Tracking "Emailgate" and "Apologygate"; Clinton’s Half-Baked Apology; Lightning Strikes Twice
View article: German Reader on "Political Correctness"; Denmark Cancels All Trains From Germany; Juncker Pleads for Compulsory Refugee Quotas
Glass Shortage Has Skyscraper Costs Soaring: Got Glass?
See original article: Majority of Greeks Now Say Euro Has Harmed Greece
Should We Change the Name "Labor Day" to "Robot Day"? Happy Labor Day! Here’s the question of the day, on this Labor Day weekend: Will a robotic economy do away with human work? That’s what Barron’s suggests in its pay-walled editorial commentary: The End of Labor?
More here: US Role in Europe’s Refugee Crisis; Migration in Numbers; Dead Baby Syndrome; Australia PM Promotes Hard-Line Stance
Establishment Survey +173K Jobs, Private Jobs +140,000; Unemployment Rate 5.1% Initial Reaction The establishment survey came in a weaker than expected 173,000 job. The Bloomberg Consensus estimate was 223,000 jobs. However, the preceding two months were revised up by 44,000 and wages were strong.
The ECB’s stubborn mule, a Downbeat Draghi, is Ready to Beef Up Quantitative Easing Package . The euro and eurozone government bond yields plunged on Thursday after the ECB president indicated it stood ready to extend the “size, composition and duration†of its €1.1tn bond-buying programme.“We are observing a weakening of the prospects of the Chinese economy,†Mr Draghi said.
View original post here: Third Quarter GDP Model Inches Up to 1.5% on Auto Strength