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…
Read ArticleHow 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…
Read ArticlePhilly 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…
Read ArticleTriple 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…
Read ArticleSocial 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…
Read ArticleGerman 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…
Read ArticleExpect 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…
Read ArticleHuge 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…
Read ArticleCurrencies 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…
Read ArticleHugely 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…
Read ArticleWhen 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…
Read ArticleChina 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…
Read ArticleCalifornia’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…
Read ArticleShinzo 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…
Read ArticleJobs +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…
Read ArticleGlobal 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™…
Read ArticleCanada 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…
Read Article33 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…
Read ArticleWho 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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