June 27, 2014
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Another Ghost Town in China, This Time a Replica of Manhattan
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"Three Es Suggest Massive Change is Upon Us" Chris Martenson’s Accelerated Crash Course Posted by Michael Shedlock at 2:38 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Let’s dive into the First Quarter 2014 Third Estimate from the BEA for some weather-details. Real GDP declined 2.9 percent in the first quarter, after increasing 2.6 percent in the fourth. The downturn reflected a downturn in exports, a larger decrease in private inventory investment, a deceleration in PCE, and downturns in nonresidential fixed investment and in state and local government spending, partly offset by an upturn in federal government spending
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Flash France Composite Output Index down to 48.0 (49.3 in May), 4-month low Flash France Services Activity Index falls to 48.2 (49.1 in May), 4-month low Flash France Manufacturing Output Index falls to 47.1 (50.3 in May ), 6-month low Flash France Manufacturing PMI drops to 47.8 (49.6 in May), 6-month low Summary June’s flash PMI data painted another picture of subdued economic performance in France, with output down for a second successive month, orders falling slightly and the sharpest cut in staffing levels for four months.
Supply Chain also says Trucks Will Drive Themselves Before Cars Do .
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See original article: "Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures
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