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Via translation from El Economista please consider Most of the public debt held by banks not penalized in the stress test . What looked like was going to be a strict stance of the European Central Bank (ECB) regarding sovereign debt portfolios of financial institutions, is not so
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Continue reading here: Bubble Valuation Blues; GMO 7-Year Outlook for U.S. Stocks is Negative
Retirement Sunset Math: Number of Employed vs. Population Over Time Posted by Michael Shedlock at 1:43 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.
Via translation, please consider The French fall into a "collective depression" The situation was already not good. And it gets worse again. Pascal Perrineau, director of the Center for Political Research at Sciences Po (CEVIPOF), now talks of a "collective depression" in France
Continue Reading: Google Strikes Back in Patent Wars; Decades Long Litigation; Return to the Beginning Fistfight
Those expecting an uptick in Greek GDP received some sobering news this past week. Macropolis reports Unemployment hit new high of 27.8 pct in October, set to rise further . According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September
See more here: Investors Most Bullish in Nearly 27 Years
Who benefits from inflation That Fed policies are responsible for asset bubbles that grow increasingly larger over time That’s one hell of a lot of things to be wrong about, especially for someone " big on getting our communications right ".