Hard hitting global and local news
Real Estate Sales Collapse in Paris and Ile-de-France; New Home Starts Lowest Since 1998; VAT Hike to Make Matters Much Worse Mainstream media offers little on the stunning collapse of real estate sales in France, notably Paris and Ile-de-France.
It’s tough to pin this all on Hurricane Sandy although many will try.
Read the original: Looking Ahead, Spain Worse Than Greece; Only One Realistic Solution
Continue Reading: European Industrial Production Plunges 2.3 Percent; Greece GDP Plunges 7.2 Percent
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Corporate Bankruptcies Soar in Australia; Just a Start of What’s Coming Nearly every day I receive emails from "Brisbane Bear" regarding the sorry state of affairs in Australia. Here is another one to consider: Insolvencies for quarter near record high CORPORATE insolvencies hit their second-highest peak on record in the last quarter, as the aftershocks of the global financial crisis continued to flow through the market, The Weekend Australian’s Anthony Klan reports. According to the Australian Securities & Investments Commission, there were 2552 insolvencies in the three months to September, which was up 10 per cent on the previous quarter
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Courtesy of Google translate from El Economista , please consider France will enter recession in the fourth quarter, according to Bank of France . The Bank of France expects the country into recession later this year, to predict a fall in Gross Domestic Product (GDP) of 0.1% in the fourth quarter, the same percentage that fell in the previous three months. If confirmed, it would be the first recession in the French economy since the 2009 crisis.