Hard hitting global and local news
Read More: Retail Sales Rise Thanks to Autos; Industrial Production Sinks Thanks to Autos; Last Hurrah for Autos?
Ben Bernanke vs. John Hussman; Beauty of Truth vs.
View article: Raging California Wildfires Force Evacuations; Governor Brown Declares State of Emergency
In a big understatement of Illinois’ problem, a Crain’s Chicago headline reads Illinois IOUs Growing Fast, Could Pass $8.5 Billion by Yearend .
View article: Cross-Border Deflation: US Export Prices Collapse Most Since July 2009; How Damaging is Price Deflation?
Taken from: Tracking "Emailgate" and "Apologygate"; Clinton’s Half-Baked Apology; Lightning Strikes Twice
In yet another oil price crash side effect, Dollar Denominated Loans in Saudi Arabia Jump 600% . Dollar borrowing in Saudi Arabia has surged seven-fold this year as the kingdom’s companies switch out of increasingly expensive local currency-denominated loans. About 65 percent of all loans taken out in Saudi Arabia through Tuesday were in dollars, compared with 13 percent for all of 2014, according to data compiled by Bloomberg
More here: US Role in Europe’s Refugee Crisis; Migration in Numbers; Dead Baby Syndrome; Australia PM Promotes Hard-Line Stance
Read the original: Dallas Fed Region Activity Plunges Well Below Any Forecast
Read More: Steve Keen on Economic Forecasts, Ponzi Schemes, GDP, China; One Way Streets and Poison