Hard hitting global and local news
Continued here: Argentina Announces Price Freeze to Control Inflation; Expect a Robust Black Market and Falling Tax Revenue
Read this article: "No Secret Book" says Luis Barcenas; Another Sideshow Diversion
Rajoy Further Implicated in Scandal; Support Drops to 23.9% in Record Plunge Posted by Michael Shedlock at 8:24 PM 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)
Read More: 500,000 People Sign Petition Asking Prime Minister Rajoy to Resign
Excerpt from: Last Hurrah for Jobs? Establishment Survey +157,000 Jobs; Household Survey +17,000 Jobs; Unemployment Rate +.1 to 7.9%; Unemployment…
Excerpt from: Ten Reasons for Declining GDP Growth Over Time; Analysis of Various GDP Deflators
More: Big Brother in Action: EU Wants Power to Sack Journalists; Prime Minister Rajoy Threatens Newspapers Following Corruption Articles
"Shocking" Contraction The GDP report was a shocker, coming in at an annual rate of negative 0.1%.
Click on any chart to see a sharper image Current data is as of November Annotations in purple by me Let’s start with a look at the rate of increase in home prices vs. the rate of increases in OER
China Averts $482 Billion in Local Bank Defaults via Massive Rollover Scheme; Extend-and-Pretend Chinese Style The Chinese banking system is insolvent. Of course, the entire global banking system is insolvent, but today’s spotlight is on China. Please consider China averts local government defaults .