Hard hitting global and local news
WAtoday reports Australia’s house prices ‘flashing red’, debt to income ratio at record levels . Australian household debt has hit a record 177 per cent of annual disposable income while housing valuations are "flashing red", according to Barclay’s chief economist, Kieran Davies
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View article: Nonfarm Payrolls +192,000, Unemployment Rate Steady at 6.7%; Economy Poised to Accelerate?
Read More: Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days at Government…
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View post: Gazprom Raises Price of Gas for Ukraine 44%, Rationing Coming Up
Visit link: France Criticizes European Commission as "Totally Useless", Wants More Time on Budget Deficits
China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility" Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is China’s Big Banks Double Bad-Loan Write-Offs . China’s biggest banks more than doubled the level of bad loans they wrote off last year, in a sign that financial strains are mounting as growth in the world’s second-largest economy slows.
Via translation from Libre Mercado please consider Spain’s Budget Deficit Only Two Tenths Lower in 2013 Despite Massive Tax Increase . Spain’s budget deficit fell from 6.84% of GDP in 2012 to 6.62% of GDP last year. The budget goal was far less ambitious than previous, but still did not met the commitment to Brussels.
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