Hard hitting global and local news
Hard hitting global and local news
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Bernanke Turned Down For Mortgage Refinance; Questions Abound Posted by Michael Shedlock at 11:49 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.
For details, please consider the New York Times article In Ruling on California Town’s Bankruptcy, Judge Challenges Sanctity of Pensions .
Continued here: Tensions Mount in Hong Kong as Protest Enters 5th Day
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Does the announcement fix any structural problems with the euro? Does the announcement fix any fiscal issues in any European country
Back in the States, the Financial Times reports US Poised to Become World’s Leading Liquid Petroleum Producer .
Vial translation from El Economista, Manufacturers and Retailers Warn of Another Consumption Slowdown . After a slight recovery in the first months of the year, stagnation set in since June, according to almost all employers and associations of producers and distributors
The "elephant in the room" is debt. Try as they might, central bankers have not been able to spur credit, hiring, or much business expansion because of the elephant.