May 18

Protests in Italy Against New Coalition; How Long

The new coalition government in Italy is off to such a rocky start, it's hard to say there ever was…

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May 17

How Clueless Are Manufacturing Future Expectations?

Month in and month out I see unwarranted optimism in Europe and in the US. For example, on Thursday I stated…

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May 16

Philly Fed Slips Into Contraction (Again); Current Conditions

The Philly Fed Business Outlook Survey shows regional activity weakened with current indicators negative. The Six-Month Outlook brightened in what…

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May 15

Triple Dip Recession in France; It’s Not the

France slipped into its third recession in four years as Germany barely went into positive territory, underperforming general expectations. The Financial…

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May 14

Social Mood Darkens in Europe, Especially France, as

A PEW study on European Attitudes shows social mood is darkening in the Eurozone, but especially in France. The 78 page…

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May 12

German Export Machine Hits Skids; Imbalances Intensify: Exports

Eurozone imbalances continue to grow even as German exports slump. Why? German imports slumped even more, and the German current…

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May 11

Expect a Spike in Long-Term Japanese Interest Rates;

I expect a spike sometime in the near future in long-term Japanese interest rates. People have been saying this for…

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May 10

Huge Bubble in India Home Prices Ready to

Here are some interesting charts by Deepak Shenoy on the India Housing Bubble. India HPI click on any chart for sharper…

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May 9

Currencies on the Move: Yen-USD Busts Through 1.00

There are some interesting moves in the forex markets today. Most notably the Yen cracked the 1.00 barrier. Yen Daily Chart click…

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May 8

Hugely Negative Real Interest Rates Fuel Yet Another

It's easy to spot a Fed-sponsored housing bubble if you look in the right places. The best place to start…

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May 7

When All Else Fails, Blame Your Staff, Not

President François Hollande's popularity has sunk to a new low of 24%. Rather than blame his own policies for the…

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May 6

China Services PMI Slows to Marginal Rate of

Fresh on the heels of a report that shows China Manufacturing PMI barely Above Contraction comes news the Chinese service…

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May 5

California’s State/Local Governments Confront $1.0 Trillion in Debt;

This is a guest post by Ed Ring editor of Union Watch, a project of the California Public Policy Center. California’s…

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May 4

Shinzo Abe Seeks Constitutional Changes for a More

Japan's prime minister Shinzo Abe has already taken steps to ruin the Yen, now he seeks constitution changes to suppress…

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May 3

Jobs +165,000, Part-Time Employment +441,000; Unemployment Rate 7.5%;

Initial Reaction The establishment survey showed a gain of 165,000 a reasonably good but not spectacular print. In contrast, the…

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May 2

Global Manufacturing Stagnates; Global Recession Will Follow

The JPMorgan Global Manufacturing PMI shows Global manufacturing growth slows to near-stagnation. At 50.5 in April, the JPMorgan Global Manufacturing PMI™…

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May 1

Canada Goes After Bitcoin; Saskatoon Realtor Lists Home

Is Bitcoin a Money Laundering Machine? Bitcoin trumpets itself as being totally anonymous. Facts speak otherwise. New Bitcoin World tackles the…

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Apr 30

33 Months of Falling Retail Sales in Spain;

Guru's blog in Spanish highlights the dramatic retail spending situation in Spain. Here is a Mish-modified translation. Last month I discussed the…

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Apr 28

Who Won? the 93% or the 7%? Why?

Economic trends since 2009 show A Rise in Wealth for the Wealthy; Declines for the Lower 93%. During the first two…

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