Courage to Act; Reflections on Fed Hubris; What if Whatever it Takes is Not Enough? Fed Troika?
Originally posted here: Courage to Act; Reflections on Fed Hubris; What if Whatever it Takes is Not Enough? Fed Troika?
Hard hitting global and local news
Originally posted here: Courage to Act; Reflections on Fed Hubris; What if Whatever it Takes is Not Enough? Fed Troika?
Read the original: Regional Fed Reports Five for Five in Contraction; Texas Region Worsening, Richmond Negative Again
Warning Shot: Poland Elects Rightwing Eurosceptic, Anti-Immigration Government A direct consequence of rising anti-immigration sentiment, Poland Elects Rightwing Eurosceptic, Anti-Immigration Government by an outright, albeit slim majority according to exit polls. Final results are due tomorrow.
Reuters asks Why are Chinese Malls Closing if Consumption is Rising? Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and department stores, despite official data showing a sharp rebound in retail sales that helped the world’s second-largest economy beat expectations in the third quarter. The answer to that apparent contradiction lies in the rising competition from online shopping and government purchases possibly boosting retail statistics.
China Renews Commitment to Global Easing Party; US Tightening by Force Fresh on the heels of an ECB announcement of more QE and the further lowering of the excess reserve rate already at -0.2%, China Nervously Joins Global Easing Campaign .
Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected. The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone’s economic recovery. The euro plunged 1.67 per cent against the dollar to $1.116 after Mario Draghi, the ECB’s president, said policymakers’ measures would need to be “re-examined†in December
View the original here: Merkel Seeks to "Europeanise" Border Controls; Emergency EU Meeting Called
147-22 Yes, month over month, states lost 22,000 jobs.
Excerpt from: Rio Tinto’s Pilbara Mines Totally Driverless, Controlled 746 Miles Away
Continue Reading: Headline #1: "Most Americans Have Less than $1,000 in Savings"; Headline #2: People Saving Too Much is Now…