Hard hitting global and local news
Hard hitting global and local news
Output and new orders both continue to decline Capital goods producers register sharpest falls in production and sales Inventories and employment cut amid subdued economic outlook Summary: Operating conditions in the Japanese manufacturing sector continued to worsen in November. The deterioration was driven by falls in output, new orders and employment as the economic climate remained difficult. Amid an uncertain outlook, manufacturers also cut inventory levels and lowered purchasing activity.
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According to Google translation from Le Monde , October marks the 18th consecutive month of rising unemployment .
The fully expected consequence is Student-Loan Delinquencies Now Surpass Credit Cards .
Originally posted here: Reflections on Complacency, Valuations, Bear Market Troughs, Patience
Excerpt from: Market Yawns as Greek Debt Deal Finalized; Deal? What Deal? Why Does it Even Matter?
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La Stampa reports 450,000 Businesses Shut Down in Italy in Three Years . In just three years, from 2010 to 2012, about 450,000 companies closed with a loss of over 300,000 jobs, while the Italians caught up in terms of wear [usurious loans] increased to 600,000.
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