Hard hitting global and local news
I received several emails regarding my post on Risk-Free Banking and Fractional Reserve Lending that I would like to share.
Read more here: Is Risk-Free Banking Possible? What About Fractional Reserve Lending? 30-Year Mortgages?
See more here: Mortgage Delinquencies Hit New Record High In Spain; Builder Default Rate Hits 29%; Recovery? Really?
Read More: Scranton, Pennsylvania Careens Towards Bankruptcy; Real Whiff of Union Priorities; Reflections on Municipal Bonds
I remarried June of this year to Liz (see Celebrating Life: I Got Married on Friday ) Digger Bee Attack With that background out of the way, here is the story on "digger bees". Tonight I was digging in the garden, just before sunset, and accidentally hit a huge nest of yellow jackets (Liz calls them digger bees because they live in the ground). I got stung about 15 times, one right near my eye, the rest on my arms and back.
Some people think the Fed’s actions are purposeful, but in a favorable sense. For example, please consider Bernanke Buys Time for Brazil to India as Rupee Leads Rally The Federal Reserve’s surprise decision to refrain from scaling back monetary stimulus provided a respite to investors in emerging markets, where currencies are in the midst of their worst rout in two years.“It gives everyone some breathing time,†Denise Simon, an emerging-market fixed income manager at Lazard Asset Management, which oversees $147 billion, said by phone from New York. “It certainly takes some of the immediate pressure off the more vulnerable countries
Visit site: So, It’s No Tapering After All; Reaction is Telling
See original article: Spain on Track to Meet Budget Targets Says Economy Minister; Data Strongly Suggests Otherwise
Data is not seasonally adjusted. Comparison is August of 2013 to August in prior years. Some of the age groups do not have data for the early years.