Hard hitting global and local news
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution?
More here: Ukraine Floats the Hryvnia: It Sinks, As Expected, Down 45% Today; Carpetbaggers Take Over
Read More: Nestles Has First Ever Negative Interest Corporate Bond; Privilege of Lending Gone Mad
In a interview yesterday on Zeit Online, Greek finance minister Yanis Varoufakis admitted the obvious truth: "I’m the Finance Minister of a Bankrupt Country" . It took an amazing amount of time to admit the obvious truth, but the important point is the truth is finally on the table. Effectively, Greece finally admitted that it has no more funds to pay the bully
On February 3, the Wall Street Journal reported Australia Cuts Interest Rates to Record Low . Australia cut its benchmark interest rate to a record low of 2.25% Tuesday, joining a procession of central banks that have eased policy settings this year in response to the deflationary impact of tumbling oil prices.
Read More: Black Market in Ukrainian Currency Masks True Extent of Decline; Banks Impose 30% Foreign Exchange Fee; Freely Floating…
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Read the original: Diving Into the GDP Report – Some Ominous Trends – Yellen Yap – Decoupling or Not?
More: Asset Price Deflation Coming Up? Food Prices About to Drop? CPI About to Go Negative? Credit Deflation?