Hard hitting global and local news
See original article: Weekend Humor: Safety First – Image of a German, a Greek, and the IMF Designing a Rescue
Sentiment as a Measure of Health of the Economy; Sentiment Theory vs.
Taken from: Industrial Production Jumps on Surge in Auto Production; Revisions and Seasonal Adjustments in Play
The Illinois Policy Institute reports Manufacturer Moves Out of Madigan’s Backyard, Cites Unfriendly Business Climate . Illinois’ manufacturing meltdown is showing no signs of stopping. Hoist Liftruck, a manufacturer of industrial forklifts, has announced plans to move more than 300 manufacturing jobs from Bedford Park, Illinois, to East Chicago, Indiana
View the original here: Don’t Worry, There’s Only One Cockroach
Reader Question: Is China a Currency Manipulator? Posted by Michael Shedlock at 5:59 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice
In sunny Spain, Solar Energy Storage is Worse Than Nuclear Spillage Storing solar energy in a battery in Spain is more criminal than spilling radioactive waste. That’s the implied message written between the lines of a recently drafted law poised for fast-track approval by the government of Spain
Household Spending Projections Decline Again: Does the Fed Believe Its Own Surveys? Posted by Michael Shedlock at 3:28 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Following Saturday’s report Chinese Exports Slump Over Eight Percent , analysts expect more China stimulus. Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world’s second-largest economy. Imports also fell heavily from a year earlier, in line with market forecasts but suggesting domestic demand might be too feeble to offset the weaker global demand for China’s exports
More: Germany Isolated as Greece Near €86 Billion Deal With Creditors; Ambitious Yes, Feasible No