Jul 22

Ease in Doing and Starting a Business: US

A couple of spreadsheets can easily explain why QE and negative interest rates cannot possibly fix what ails the EU.…

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Jul 21

Dear ECB, What’s in Your Wallet?

Last week the ECB reported that its balance sheet Expanded by €11.26 billion to €3.249 trillion. What is the makeup? How…

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Jul 20

Atlas Rescue Phase II: Italy Eyes Another Private

Atlas, the €4.25 billion fairy tale rescue plan that was supposed to bail €360 billion in bad Italian bank debts…

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Jul 19

Turkey Requests Extradition of Cleric, Revokes License of

Within a week, Erdogan will be dictator of Turkey (assuming he doesn’t deserve that title already). The purge of anyone and…

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Jul 18

Europe’s Impossible Refugee Math: Brexit Was Mathematical Certainty

In a recent GMO commentary on Immigration and Brexit, founder Jeremy Grantham laid out precise reasons why Brexit was a…

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Jul 15

Military Coup in Turkey, Top Officials Held Hostage,

“Turkish Armed Forces have completely taken over the administration of the country to reinstate constitutional order, human rights and freedoms,…

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Jul 14

Petroleum Usage 2016 vs 2015: Everything Higher but

US petroleum usage in 2016 is up in every category this year compared to last year with the exception of…

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Jul 13

Trial Balloons: Fed’s Harker Calls for Two Rate

The market is openly mocking Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia. Harker dismisses…

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Jul 12

Ireland’s GDP Up Stunning 26%; Expect France to

Ireland’s GDP is up a stunning 26% this year via the ridiculous way GDP is measured. Bloomberg reports Ireland Stuns World…

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Jul 11

Stellar Opportunity for UK to Set Example for

IMF head Christine Lagarde has flip-flopped twice on the impact of Brexit. Ahead of the vote on Brexit, IMF head Christine…

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Jul 10

Deutsche Bank Chief Economist: “Europe is Seriously Ill”,

David Folkerts-Landau, chief economist at Deutsche Bank, says “Europe is Seriously Ill”, and EU banks need a €150 billion bailout…

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Jul 9

Irony of the Day: Hollande Lectures US About

French president Francois Hollande endorsed Hillary Clinton while warning “U.S. Election Risks Turning Into Brexit Vote II”. French President Francois Hollande,…

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Jul 8

Consumer Credit Jumps $18.6 B, Mostly Student Loans

Consumer credit rose 6.25 percent according to the Fed G.19 Consumer Credit Release for May. Revolving credit increased at an annual…

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Jul 7

Labor Unrest in China: Workers Launch Wildcat Strikes

In a set of unprecedented actions, workers in China went on wildcat strikes at three Walmart locations in China, one…

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Jul 6

Italian Gov’t Collapse More Than Just a Possibility

Four new polls show comedian Beppe Grillo’s Five Star Movement (M5S) ahead of prime minister  Matteo Renzi’s Democratic Party (PD)…

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Jul 5

Three UK Asset Managers Freeze Withdrawals From Property

In the wake of Brexit, investor fears on the value of property, especially in London have surfaced. A flurry of redemptions…

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Jul 3

IMF Changes Tune On Brexit: Prior Fearmongering Suddenly

Now that the Brexit vote is over the IMF radically  changed its tune. Ahead of the vote IMF head Christine spoke…

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Jul 2

PMI, ISM Up Slightly, “Growth Subdued” Says Top

Both the ISM and PMI manufacturing surveys ticked up slightly in June but the rest of the economic results today…

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Jul 1

Diving Into Deutsche Bank’s “Passion to Perform” Balance

Deutsche Bank shares have collapsed to lows deep under crisis lows and collapse of Lehman in the Great Financial Crisis.…

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