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Excerpt from: Ponzi Financing in Poway California Based on Massively Rising Property Values
Four Different Viewpoints on Employment; Reflections on Biased Reporting Posted by Michael Shedlock at 12:26 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.
Continued here: Japan Services PMI Shows Sharp Decline in New Orders; Global New Export Orders Have Steepest Drop Since April…
Read more here: Preposterous Falsehoods From Gary North Regarding the Inflation/Deflation Debate
Headline Jobs +163,000, But Household Survey Shows -195,000 Jobs; Unemployment +.1 to 8.3% ADP got the headline job number correct, I certainly didn’t. However, one look beneath the surface shows this was actually an anemic jobs report
View article: US Factory Orders "Unexpectedly" Decline; US Car Sales "Unexpectedly" Decline; Expect the Unexpected
Fearing action by creditors, San Bernardino, California, Files Chapter 9 Bankruptcy Petition San Bernardino, California, after disclosing a $46 million shortfall in the city’s budget, filed for municipal bankruptcy.
Output and new orders down at accelerated rates New export business decreases at sharpest rate in 15 months Average costs fall to greatest extent since November 2009 July data from Markit/JMMA showed manufacturing output falling at the sharpest rate in 15 months, as both new orders and new export business decreased at accelerated rates. After adjusting for seasonal factors, the headline Markit/JMMA Purchasing Managers’ Index™ (PMI™) posted 47.9 in July, down from 49.9 in June, a level indicative of a moderate deterioration in operating conditions. Moreover, the latest index reading was the lowest in 15 months
100,000 Workers in Spain Will Not be Paid Because Regional Government of Catalona is Broke The crisis in Spanish regional governments continues to escalate. El Pais reports Catalona Will Not Pay Hospitals or Private Centers and 100,000 workers are affected.