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Read More: White Knight Irony: IMF Threatens to Walk Away From Bailout Deal Citing Unsustainable Debt
Deflationary Pressures Unabated; Another One-Hit Wonder; Transitory Tales Another One-Hit Wonder In spite of counterproductive attempts by the Fed and Central Banks to foster price inflation, debt overhang has stymied those efforts, at least in regards to consumer prices and import/export prices. Last month, following a surge in gasoline prices, import and export prices did rise a bit, but as with retail sales, the import/export price report was another "one-hit wonder"
Retail Sales Unexpectedly Sink Below the Lowest Economist’s Estimate; September Hike? Really?
Please consider Computer Program Fixes Old Code Faster than Expert Engineers . Last year, MIT computer scientists and Adobe engineers came together to try to solve a major problem that many companies face: bit-rot . A good example is Adobe’s successful Photoshop photo editor, which just celebrated its 25th birthday
“They crucified Tsipras in there,†a senior eurozone official who had attended the summit remarked. “Crucified.†Demolition of Eurozone Project With crucifixion of Tsipras, and more importantly of the Greek people, Wolfgang Münchau accurately assesses the developments this way: Greece’s Brutal Creditors Have Demolished the Eurozone Project . A few things that many of us took for granted, and that some of us believed in, ended in a single weekend.
Follow this link: Breathtaking Political Capitulation; Tsipras Should Resign; Tsipras Trades Royal Flush for Draw at Inside Straight
The word of the day is "uncertain". It appears a number of times (in various forms) in Fed Chair Janet Yellen’s speech on Recent Developments and the Outlook for the Economy at the City Club of Cleveland, Cleveland, Ohio.
Continued here: German Finance Minister Proposes Greece for Puerto Rico Trade: Should US Accept the Offer?
See more here: Greece Connects with Russia, Unveils €2 Billion Gas Deal; Germans in Rift with Eurozone; Did France Save…
The Wall Street Journal provides a case in point with IMF: U.S. Economy at Risk of Stalling Next Year if Fed Raises Rates Prematurely . " The Federal Reserve risks stalling the U.S