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Read More: Vallejo Heads for Another Bankruptcy; Oakland, LA, San Diego Doomed as Well
Read the original: Harvard Professor Frankel Proposes "ECB Should Buy US Treasuries" to Fix Eurozone Problems
With the slowdown in China, and global slowdown in general, inquiring minds may be wondering "where is the price of oil headed?" No one can answer that question with certainty, but Saxo Bank has an opinion worth considering. Via email Steen Jakobsen, chief economist of Saxo Bank explains …
He has served on various corporate boards of directors and as Managing Director of The Blackstone Group. He also served as Director of the Office of Management and Budget under President Reagan
Read More: Wholesale Sales Unexpectedly Decline (Most in Nearly Five Years), Inventories Unexpectedly Rise
The EPI had an interesting chart and comments in its report The Vast Majority of the 5.8 Million Missing Workers Are Under Age 55 . Since the start of the Great Recession over six years ago, labor force participation has dropped significantly. Most of the drop—roughly three-quarters—was due to the lack of job opportunities in the Great Recession and its aftermath.
See original article: Book Review: The Money Bubble (What to Do Before it Pops) – Two Thumbs Up
Taken from: Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago
Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years