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With the slowdown in China, and global slowdown in general, inquiring minds may be wondering "where is the price of oil headed?" No one can answer that question with certainty, but Saxo Bank has an opinion worth considering. Via email Steen Jakobsen, chief economist of Saxo Bank explains …
Continued here: McCain Heads to Ukraine with Seven Other Senators; Let’s Hope They All Stay; Ugly is Beautiful
The EPI had an interesting chart and comments in its report The Vast Majority of the 5.8 Million Missing Workers Are Under Age 55 . Since the start of the Great Recession over six years ago, labor force participation has dropped significantly. Most of the drop—roughly three-quarters—was due to the lack of job opportunities in the Great Recession and its aftermath.
Taken from: Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago
See more here: War Talk Roundup: China Has "No Room for Compromise with Japan"; Spotlight on China, Japan, US, Iran,…
Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years
European Border Changes Over Last 1000 Years Posted by Michael Shedlock at 3:57 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
More: Nonfarm Payrolls +175,000, Household Survey +42,000; Unemployment Rate 6.7%
