Aug 19

Ukraine Overnight Interest Rates Soars to 17.5%; External

It's crystal clear Ukraine has no interest in a ceasefire under any terms. Instead it demands rebels lay down weapons…

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Aug 18

Rising Robots: Is it Obvious Robots Cost Human

Technology Review has an interesting infographic on the Rising Use of Robots, and which sectors show the biggest increase in…

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Aug 16

It’s Different This Time: Humans Need Not Apply;

On August 7, I wrote about "McCashier" Your $15.00 Per Hour McDonald's Worker Replacement. Sure. You can make $15 an hour…

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Aug 15

France Finance Minister “I Refuse to Raise Taxes

Not only is support for sanctions in Europe crumbling, so is support for alleged austerity. I say alleged because there…

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Aug 14

German Economy Contracts, France Stagnates, Italy in Recession;

The recovery in Europe, not that there was ever much of one, is now over. As expected in this corner,…

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Aug 13

New Yuan Loans and Shadow Banking Collapse in

A major alarm bell just rang in China with the release of July credit figures according to Macro Business Australia.…

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Aug 12

First-Time Home Buyer Dilemma: Overpay or Be Shut

Supply of homes at the bottom-third of the market is down 17 percent from a year ago. Meanwhile the top-third home…

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Aug 11

Alarming Failure of French Economy; Expect Serious Tremors

Les Echo discusses the Alarming Failure of French Economy. GDP for the second quarter will be released Thursday, and it does…

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Aug 10

Obama Calls Iraq “Long Term Project”; US Bombs

Total Failure Senator McCain and others want to send more weapons to Iraq, as we bomb US weapons already there (but…

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Aug 9

Scathing Anti-West Editorial in German Handelsblatt; Reader Emails

Yesterday, a reader told me about a must-read article in the German financial newspaper Handelsblatt. Having no details other than it…

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Aug 8

“Small Price to Pay”

In response to Russia Fires Back With More Sanctions: NASA, Pepsi, McDonald's, Autos in Spotlight a close friend responded "It's…

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Aug 7

Italy “Unexpectedly” Slips Back Into Recession

The optimism of mainstream economists is rather curious. Economics appears to be right up there with faith-healing as the most optimistic…

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Aug 6

US Dependent on Russia for NASA Launches; Well,

Not many people realize the US is dependent on Russian Soyuz rockets to ferry astronauts to the international space station. Former…

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Aug 5

China Services PMI Lowest Since 2005 as Housing

An interesting divergence is underway in China with manufacturing in expansion while the service sector is at the lowest reading…

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Aug 4

How About Them Apples?

On July 30, Moscow blocks Polish fruit, veg imports, mulls EU ban citing "systematic violations of international and Russian phytosanitary…

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Aug 3

Steen Jakobsen Short Dax, Long Treasuries, Sees Major

Steen Jakobsen, chief economist and CIO of Saxo Bank is back from a Tour De France and summer holiday and…

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Aug 2

Afghanistan a How-To Lesson in Perfect Stupidity: 54,000

Thank president Bush, vice president Dick Cheney, and president Obama for working together to create a how-to map of perfect…

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Aug 1

Employment Perspective in Pictures: Only 25% of Decline

Here's a series of charts from reader Tim Wallace on various aspects of employment, labor force, and population. The charts…

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Jul 31

Sanctions Starting to Bite the Hands That Promoted

As I have said on numerous occasions, sanctions are a lose-lose game. So it is not surprising in the least…

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