Hard hitting global and local news
Italian Banks Hammered; Bad Loans Hit €201 Billion; End of Draghi PUT; Get Out Now! Italian Banks Hammered Things don’t matter until they do. For whatever reason, things in Europe are starting to matter
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Error Over Quota This application is temporarily over its serving quota.
More: Hollande Declares "Economic Emergency" to Save Jobs – His; Mish Proposal to Create French Jobs
The Wall Street Journal reports European Commission Plans New Try at Redistributing Migrants . The European Commission is seeking a sort of automatic mechanism for redistributing asylum seekers across Europe, despite most governments showing little support for the idea.
4th Quarter GDPNow Forecast Sinks to +0.6 Percent; Fed Futures Target 1 Hike in 2016; Disastrous Data Recap Posted by Michael Shedlock at 5:30 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).
Continue Reading: More Fed Confessionals; Funny Oil Videos; In Search of Bullard; Inflation Expectations
Read the article: Manufacturing Inventories Decline But Inventory-to-Sales Ratio Doesn’t Budge; Another Recessionary Looking Chart
See more here: Industrial Production Numbers and Revisions Shockingly Bad; Autos Have Peaked
Empire State Manufacturing Index Posts Horrific -19.37, Lowest Reading Since April 2009 Economic data today was awful, at best. Retail Sales Were Negative , and that was arguably the best report. Let’s now take a look at the other reports starting with Empire State Manufacturing