June 3, 2014
Smoke and Mirrors Hide the Collapse in Corporate Profits
View the original here: Smoke and Mirrors Hide the Collapse in Corporate Profits
Hard hitting global and local news
Hard hitting global and local news
View the original here: Smoke and Mirrors Hide the Collapse in Corporate Profits
Read the original: Sweden Central Bank Governor Proposes the Obvious: Mortgages Should be Paid Back in One’s Lifetime
Visit site: Ukrainian Warplanes Miss Targets, Hit Civilians
ISM Correction Heartburn ISM twice revised its manufacturing numbers today, then issued this Correction Notice . ISM ® has discovered an error in its software programming for calculating the May 2014 Manufacturing PMI ® that was released at 10 a.m. ET this morning
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Black Knight’s April Mortgage Monitor shows almost 2 million modifications face interest rate resets, and 40 percent of those resets are underwater. Email News Release "We have seen a continual reduction in the number of underwater borrowers at the national level for some time now, but modified loans show a different picture," said Kostya Gradushy, Black Knight’s manager of Loan Data and Customer Analytics. "While the national negative equity rate as of April stands at 9.4 percent of active mortgages, the share of underwater modified loans facing interest rate resets is much higher — over 40 percent
Rate of job creation eases Summary:Â Japanese manufacturing firms saw a decline in output for the second month running in May alongside a con tinued fall in new orders and new export orders. That said, rates of decline for both new orders and output eased from those seen in April. Employment numbers grew in May for the tenth month running, albeit at a slower pace
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Via translation from Les Echos please note a Sharp Rise in French Unemployment The number of Class A job seekers reached 3,626,500 in April. At this rate, the threshold of half a million more unemployed since the election of François Hollande will be reached this summer
Interview With James Rickards, Author of "The Death of Money" Posted by Michael Shedlock at 4:25 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.