Hard hitting global and local news
Read the original: IMF Upbeat on US and Global Growth, Steen Jakobsen Says "Surprise Index" Differs
Read the original: US Treasury Warns China Over Yuan Depreciation; Treasury Hypocrites; What If?
More: Mortgage Loan Originations Lowest on Record
Via translation from El Economista, the director of the Foundation of Savings Banks (Func), Ãngel Laborde says Government is "Not Serious" Regarding a Proposed Tax Cut . Angel Laborde explained in the newspaper El Pais that "government revenues funded only 85% of the costs, excluding financial aid.
More: Brussels Says "No" to France Proposal for Deficit Target Leniency
WAtoday reports Australia’s house prices ‘flashing red’, debt to income ratio at record levels . Australian household debt has hit a record 177 per cent of annual disposable income while housing valuations are "flashing red", according to Barclay’s chief economist, Kieran Davies
Error Over Quota This application is temporarily over its serving quota. Please try again later
View article: Nonfarm Payrolls +192,000, Unemployment Rate Steady at 6.7%; Economy Poised to Accelerate?
Originally posted here: Damn the Bubbles, More Printing Ahead; Property Bubbles and the Perils of Easy Money
Continue reading here: No Increase in Wealth Inequality for Top 1% Since 1960