Hard hitting global and local news
View post: French Retail Sales Drop 10th Month Accompanied by Sharper Drop in Employment; Italy Retail Sales Drop 23rd Month;…
China Averts $482 Billion in Local Bank Defaults via Massive Rollover Scheme; Extend-and-Pretend Chinese Style The Chinese banking system is insolvent. Of course, the entire global banking system is insolvent, but today’s spotlight is on China. Please consider China averts local government defaults .
Please consider France ‘totally bankrupt’, says labour minister Michel Sapin . France’s labour minister sent the country into a state of shock on Monday after he described the nation as “totally bankruptâ€.
I want you to publish this rebuttal to your post. You can use my first name if you’d like with Libertarian-turned-Keynsian in brackets
Please consider Penalties blamed for taking high-end dining off menu . The annual survey of the 7500- member Restaurant and Catering Australia reveals a 33 per cent jump since 2011 in the numbers of restaurateurs saying they cannot afford to open on public holidays.
Here is a chart from the Telegraph article UK heads for triple dip as GDP contracts 0.3pc to consider. Double Dip? The blue rectangles are mine.
Italian PM Under Fire; Italy’s 3rd Largest Bank Hid Derivative Losses: ECB Says "Matter for the Italian Authorities" (To Sweep Under the Rug) When Mario Draghi (now ECB President), had oversight of the Italian bank system as Bank of Italy Governor, the Italian bank Monte dei Paschi di Siena (Italy’s third largest bank) hid information on the derivatives transactions between 2006 and 2009. This information is just now out, and shares of the bank have plunged 22% in a few days
The results are in: Americans Back Obama’s Proposals to Address Gun Violence . Most Proposals Have Bipartisan Support Although Democrats show more support than Republicans for each proposal, majorities of both partisan groups favor seven of the nine proposals.
See the original article here: Why I’m a Deflationist Who Likes Gold – Interview on Goldmoney
Flash China Manufacturing PMIâ„¢ at 51.9 (51.5 in December).