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View post: Household Survey: Number of Employed Declines by 119,000 as Those Not in Labor Force Rises by Spectacular 581,000;…
Originally posted here: Unlimited Bond Buying "With Strings"; Mario Draghi vs. Randall from Monsters Inc
For details please see By 2015 Hard Commodity Prices Will Collapse; Australia’s Mining Boom Dies (and the Official Denials Start) Wrapping up the disaster in Australia, please see Michael Feller’s synopsis on Macro Investor Being a Bear is Not "unAustralian" . Peruse the Reserve Bank governor’s recent remarks to the senate or listen to the commentariat on talkback radio and it would seem that Australia’s economy has become victim of nothing more than an insidious rogue gloom-and-doomerism that threatens to hurt the nation, or worse. At its worst, this anti-half-glass-empty rhetoric smacks economic McCarthyism
See more here: Spain’s Social Security Fund Runs Out of Money; Full Sovereign Bailout Hits €300 Billion; Breathtaking Implosion in…
View post: "Property Always a Good Investment" Says President of National Association of Realtors in India
By 2015 Hard Commodity Prices Will Collapse; Australia’s Mining Boom Dies (and the Official Denials Start) I have been calling for a base metals bust for some time, fueled by a slowdown in China. Michael Pettis at China Financial Markets has been saying the same thing. Indeed, it is analysis from Pettis that influenced my views in the first place
Central bankers Debating the Limits of Power in Jackson Hole are wondering what’s holding back the economy.
See the original post: German Manufacturing Declines Again, New Export Orders Fall at Fastest Pace Since April 2009
Input and output prices fall in line with weaker demand Summary Weaker national and international demand led to a third successive fall in output at manufacturing firms in Taiwan.
19 Says Maddux In Florida, 45% of our clients are in pre-foreclosure status. On average, these Florida homeowners are 17 months delinquent and have yet to receive even their first formal foreclosure notice.