October 25, 2014
Home Prices Drop in 69 of 70 Chinese Cities; Did the Pool of Greater Fools Run Out?
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Hard hitting global and local news
Hard hitting global and local news
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As for wages, they are actually rising not only in the US, but also in Europe as I pointed out in European Service Prices Plunge at Steepest Rate Since January 2010; Reflections on Keynesian Stupidity . In the US, the Fed did stave off for now, another round of price deflation
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Late Payments by Ibex Companies Hits €47 Billion, 169 Days (3 Times Legal Time Limit); Ibex vs. DOW Lack of significant improvement in payments by IBEX companies to suppliers is yet another another sign there isn’t much of a recovery in Spain
View article: McDonald’s Vows Fresh Thinking After Net Income Declines 30%; Mish Offers Some Advice
US Dollar, Euro, Yen, British Pound Forward Curves "Europe Has Become Japan" Seidner says that if he was washed up on an island and could periodically see one chart to let him know the state of the global economy the above chart would be the one as it shows interest rates, implied path of monetary policy, and the divergence between the US and the rest of the world. " From this perspective of the bond market, Europe has become Japan
See the original article here: Eurozone Rotting to the Core; Four Possibilities; Beyond the Math
Nonperforming Spanish Loans Near All-Time High as Overall Credit Shrinks Posted by Michael Shedlock at 11:25 AM 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)
In a recent speech, Comey warns If Apple and Google Won’t Decrypt Phones, We’ll Force Them To Everyone is stoked that the latest versions of iOS and Android will (finally) encrypt all the information on your smartphone by default.
Read More: Greece 10-Year Bond Yield Soars to 9% as Prime Minister’s Gambit Explodes; Snap Elections Likely, and Opposition Syriza…