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Stench from Chicago so Bad, Fitch Finally Smells It
July 27, 2015 0

Stench from Chicago so Bad, Fitch Finally Smells It

By News Desk

Stench from Chicago so Bad, Fitch Finally Smells It Posted by Michael Shedlock at 5:32 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)

Record Eurozone Borrowing: Public Debt Rises With Recovery; Greece a Small Sideshow Compared to Italy
July 27, 2015 0

Record Eurozone Borrowing: Public Debt Rises With Recovery; Greece a Small Sideshow Compared to Italy

By News Desk

While the politicians are are scrambling to "save" Greece, please note Italy’s Non-Performing Loans Hit a New Record High . The real danger to the euro area probably doesn’t emanate from Greece, but from two of its heavyweights, namely France and Italy. A small note in the European press reminds us that all is not well in at least one of these countries, least of all with its banks (currently this is only a “page 16 storyâ€, but it has great potential to eventually move to the front page)

What Happens When Public Unions Control Everything for Decades? (Hint: Look at Chicago and the State of Illinois)
July 24, 2015 0

What Happens When Public Unions Control Everything for Decades? (Hint: Look at Chicago and the State of Illinois)

By News Desk

Here is a  lengthy snip from Bargo’s recent, well-written article Public Pensions Prove Zero Sum Economics . One of the major appeals in Democrat presidential campaigns  is to explain to voters that they need Democrats in office to take money away from the rich. And since the rich own big corporations, they will pay workers as little as possible.