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Happy New Year! Posted by Michael Shedlock at 3:37 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Read more here: Snap Elections in Greece; 3-Year Bond Yield Tops 12%; Potential Cascade! Who Has the Upper Hand?
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The Financial Times reports China Zombie Factories Kept Open to Give Illusion of Prosperity . In the shadow of a group of enormous smokestacks and abandoned foundries, a peeling sign welcomes visitors to the Wenxi Steel Industrial Park.
More: Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?
More here: Russia’s Overnight Lending Rate Hits 19%, as Mistrust of Banks Spreads; Ruble Up Again
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See more here: Belarus Imposes Moratorium on Rising Consumer Prices; Get Out While You Can
Continue reading here: Florida Becomes 3rd Largest State Following California and Texas, New York Drops to 4th; Political Implications