Hard hitting global and local news
Real Estate Sales Collapse in Paris and Ile-de-France; New Home Starts Lowest Since 1998; VAT Hike to Make Matters Much Worse Mainstream media offers little on the stunning collapse of real estate sales in France, notably Paris and Ile-de-France.
More: Lagarde Says Greece Deal Should be "Rooted in Reality"; Mish Says Lagarde Should be "Rooted in Reality"
Link: Fiscal Cliff Talks Underway Between Obama, House Speaker Boehner; Market Rallies on Talk of "Fluff" Compromise
It’s tough to pin this all on Hurricane Sandy although many will try.
See the article here: Good News: EU Budget Talks Collapse, France Rejects Compromise; Still Time to Snatch Defeat From Jaws…
Continue Reading: European Industrial Production Plunges 2.3 Percent; Greece GDP Plunges 7.2 Percent
Visit site: Laugh of the Day: IMF is Too Pessimistic; Public Feud Spat of the Day: Lagarde vs. Jean Claude…
More: Greece Allegedly Gets Time, Not Money; Mish Says Time Is Money
Corporate Bankruptcies Soar in Australia; Just a Start of What’s Coming Nearly every day I receive emails from "Brisbane Bear" regarding the sorry state of affairs in Australia. Here is another one to consider: Insolvencies for quarter near record high CORPORATE insolvencies hit their second-highest peak on record in the last quarter, as the aftershocks of the global financial crisis continued to flow through the market, The Weekend Australian’s Anthony Klan reports. According to the Australian Securities & Investments Commission, there were 2552 insolvencies in the three months to September, which was up 10 per cent on the previous quarter
Continue reading here: Economists Cut US GDP Forecast, Raise Inflation Forecast