Hard hitting global and local news
I have a watchful eye on initial unemployment claims. They have been trending higher (unexpectedly of course) since mid-October. Initial Claims 2015 Econoday economists were surprised by the jump.
Read the original: Pending Home Sales Decline 0.9%, Well Below Lowest Estimate; About that "Know Before You Owe" Theory
Read the original: Get Your Money Out of Italian Banks Now! Austerity and Bail-Ins Fan Populist Flames; Italy’s 5-Star Movement…
Original post: Fed a Creature of Financial Markets; The Draghi PUT; Global Crisis Coming Up
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Record Oil Output From Russia Despite Low Prices Here’s one for the "this was not supposed to happen, and nobody saw it coming" book. Bloomberg reports on the Siberian Surprise: Russian Oil Patch Just Keeps Pumping . In the fight for market share among the world’s oil producers this year, Russia wasn’t supposed to be a contender.
See original article: Spanish Election: Two-party Dominance Ends; Rojoy’s PP Party Fails to Win Majority; Vote Buying Spanish Style; Fragile…
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