Hard hitting global and local news
Bloomberg reports Retail Sales in U.S. Unexpectedly Fell 0.4% in January Sales at U.S.
See original article: JPMorgan’s $13 Billion "No Admission of Wrongdoing" Settlement (and a $7 Billion Tax Deduction)
In case you missed it, please consider my October 22, 2013 report on Japan’s Sexless Youth Here are some stats according to the Japan Family Planning Association (JFPA) 45% of women aged 16-24 "were not interested in or despised sexual contact". More than a quarter of men felt the same way. Population of 126 million has been shrinking for the past decade Population projected to plunge additional one-third by 2060 Survey in 2011 found that 61% of unmarried men and 49% of women aged 18-34 were not in any kind of romantic relationship Fewer babies were born in 2012 than any year on record
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See the original post: Durable Goods Orders Plunge 7.3%, Nondefense New Orders for Capital Goods Plunge 15.4%; Plunge to Accelerate?
View the original here: New Home Sales Plunge 13.4% in July, June Revised Lower; Blame Rising Mortgage Rates; Starts 896,000…
NPR reports European Car Sales Hit 20-Year Low For May . Country by Country Details Passenger car sales dropped by 5.9% from May 2012 in the 27-country European Union to 1.042 million units, the lowest level since May 1993 German car sales dropped 9.9% in May, Italy was down 8%, France down 10.4%, Spain down 2.6% PSA Peugeot-Citroen, Renault, Ford, General Motors and Fiat all suffered double-digit declines in May Volkswagen had a 2.8% drop in brand sales and 5.9 percent decline for the group
Guru’s blog in Spanish highlights the dramatic retail spending situation in Spain. Here is a Mish-modified translation. Last month I discussed the retail drama in Spain
Read More: Philadelphia, 5th Largest City in US is Effectively Bankrupt; Mayor Holds Closed Meeting With Wall Street to Discuss…