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Excerpt from: Japan’s Revised GDP Growth Cut in Half; Current Account Surplus Down 41% to $8 Billion; Mathematical Impossibilities
Read this article: No One Happy Except Stock Market; Discord Emerges in Spain, Italy, Germany to ECB Announcement
More: New York State Employment Situation in Graph Form
Baby Boomers and Strategic Defaults – a Demographic Study: Why Did People Walk Away? Did They Struggle With Morality? Would they Recommend Walking Away to Others?
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.
Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing, but US Dollar Backed by Federal Reserve" Congratulations to Canadian journalist Bridget Brown, a CTV news field reporter for being the most economically illiterate TV journalist in history. Brown proposes gold is not backed by anything but the US Dollar is backed by the Federal Reserve which will be around a year from now