Sep 1

Eurozone Manufacturing PMI at 13-Month Low, with Germany

The Markit Eurozone Manufacturing final data shows Eurozone Manufacturing PMI at 13-month low in August. The rate of expansion in eurozone…

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Aug 31

Eurozone Currency Dispute Intensifies: France Wants More ECB

The currency and fiscal battleground front lines in Europe remains the same. France wants QE, fiscal stimulus, and more leeway…

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Aug 30

Obamacare Fine Print: Beware the Medicaid and Medi-Cal

Obamacare greatly expanded Medicaid coverage, but there is a hidden gotcha that may come back and haunt your heirs for…

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Aug 29

“Economic Pilot in Reverse”: US Consumer Spending Unexpectedly

Mainstream media headlines in the last two days offer an amusing look at GDP forecasts. GDP Stronger Than Expected Yesterday, the…

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Aug 28

Venezuelan Bolivar Plunges to Record Low on Black

Please consider the "official" exchange rate of the Bolivar to the USD. Bolivar vs. US Dollar From 2005 to 2009 the official…

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Aug 27

US 10-Year Treasury Cheapest in G7, Yield Spread

Saxo Bank chief economist Steen Jakobsen point out US 10-Year treasury is the cheapest in G7 with the spread near…

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Aug 26

Incentives Up to $325K in China’s Housing Market;

Developers in China are offering up to $325,000 in incentives to home buyers. The catch? Incentives come in the form of…

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Aug 25

7,000 Trapped Ukrainian Forces; IMF to Fund Ukraine

IMF to Fund Ukraine Wars? Ukraine is bankrupt. It accepted an $18 Billion IMF Bailout in March, allegedly with strict…

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Aug 24

Occam’s Razor and Bank Lending

I received an interesting question on bank lending just a bit ago. The question is in reference to Euro Bond Bubble…

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Aug 23

40% of U.S. on Welfare; Obamacare Expands Welfare

As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of…

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Aug 22

Time to Short the US Dollar? Go Long

Is it time to short the dollar? Saxo bank chief economist Steen Jakobsen thinks so. Via email from Steen ... What is…

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Aug 21

Spain Dips 37% Into Social Security “Piggy Bank”,

The "recovery" news in Spain keeps piling up. Via translation from El Economista, Government has already taken 37% of the…

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Aug 20

Argentinian Peso in Massive Slide; Argentina’s Bonds Decline

In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on a small group of hold-outs demanding full…

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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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