Hard hitting global and local news
Japanese GDP and Exports Seriously Underperform Expectations The huge string of unexpectedly sour economic data continues to pour in. Add Japan to the spotlight
See more here: Irony of the Day: Venezuela President Calls for "Protest March Against Fascism"
See original article: Two-Week Price Inflation in Argentina hits 30%, US Products Lead the Way; Currency Devaluations Hit P&G Earnings
By a vote of 712 to 626 the UAW Suffers Big Loss at Tennessee VW Plant . The United Auto Workers union suffered a crushing defeat Friday, falling short in an election in which it seemed to have a clear path to organizing workers at Volkswagen AG VOW3.XE +1.10% ‘s plant in Chattanooga, Tenn.
See more here: German Left (Die Linke) VP Claims "Euro Divides Europe, No Benefit to EU"
ECB Seriously Considering Negative Interest Rates; New Central Bank Mottos Posted by Michael Shedlock at 3:48 AM 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).
Visit site: Italy’s Prime Minister Letta Resigns Under Pressure; Party backs Renzi; Rise of the Oligarchy; Trial by Fire Coming…
Amazon: AMZN : The PE of Amazon is 592, Valuation is $160 Billion Linked In: LNKD : PE of Linked In is 837, Valuation is $23 Billion Facebook : FB: Facebook PE is 106, Valuation is $165 Billion Priceline : PCLN : PE of Priceline is 36, Valuation is $64 Billion Hertz : HTZ: PE of Hertz is 37, Valuation is $12 Billion Starbucks : SBUX : PE of Starbucks is 483, Valuation is $57 Billion Boston Beer (Samuel Adams) : SAM : PE of Boston Beer is 43, Valuation is $3 Billion I could go on and on but I won’t. At current earnings, investors in Amazon will have to wait 592 years for a positive return on earnings. More realistically, they would have to wait forever because Amazon does not pay a dividend.
Financial Times writer Wolfgang Münchau says Germany’s Constitutional Court has Strengthened the Eurosceptics . When the first headlines came out on Friday morning, it looked as if the German constitutional court had caved in. It decided to pass the case against Mario Draghi’s “whatever-it-takes†bond-buying programme to the European Court of Justice.