Mar 1

Australia’s Mining Bust Turns Towns Into Ghost Towns;

As Australia's mining boom turns to bust, Towns are Dying the Death of a Thousand Cuts as Miners Leave in…

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Feb 28

Greece Negotiations Resume Again; “Constructive Ambiguity”; Schäuble Outmaneuvered!

On Friday, the German Bundestag Backed the Greek Bailout Extension. Ahead of the vote, many commented that Greece collapsed. It's not…

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Feb 27

“NowCast” – The Evolution of GDP Forecasting

In the wake of existing home sales reports on Monday, and new home sales yesterday, GDP and residential investment forecasts…

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Feb 26

Ukraine Rations Food; Interbank Rate New Record Low;

A chart of Ukraine's currency is nonsensical once again today. Supposedly the hryvnia rallied again today, if only by a miniscule…

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Feb 25

Ukraine Hyperinflation; Currency Plunges 44% in One Week!

I hear various reports of what the hryvnia actually trades for on the black market in Ukraine. I believe the…

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Feb 24

Cash for Gas: Russia Threatens to Shut Off

Meter Maid Called to Resolve Dispute Last year, Russia shut off gas deliveries to Ukraine for lack of payment. Most of…

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Feb 23

Farmers Walk Away From Leases Due to Plunging

Walking Away Farmer Style The price of corn is at a price seen in late 2006, wheat late 2005, and soybeans…

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Feb 22

Tspiras Claims to have “Won a Battle, Not

On Friday, Prime Minister Alexis Tsipras backed down on nearly every promise made to the Greek electorate except one, to…

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Feb 20

Spotlight Japan: Inflation Barely Positive, Consumer Spending Down,

Inquiring minds are looking at the latest inflation reports from Japan for clues in the success or failure of Abenomics…

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Feb 19

Head-On Collision: Germany Rejects Greece “Trojan Horse”; Slovakia

oday the eurogroup finance ministers rejected Syriza's request for a bridge loan to work things out. Germany upped the ante, calling…

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Feb 18

Patience is a Virtue, Unless It’s Not

Amusing Headlines It's amusing watching headlines of expectations and how things actually pan out. Yesterday MarketWatch reported Fed Minutes Could Show Growing…

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Feb 17

Home Prices Decline in 64 of 70 Tracked

For the 9th Consecutive month, Chinese Home Prices Decline. The average price of new homes in China's 70 major cities fell…

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Feb 15

Greek Negotiations and Philosophical Questions

Three interesting philosophical questions have arisen this evening in regards to Greek negotiations. The three questions I ask at the bottom…

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Feb 14

Pessimism in Spain: 83% Say Economic Situation is

Pessimism in the Streets In spite of the "recovery" in Spain, close to 24% are still unemployed. That statistic explains Pessimism…

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Feb 13

Obama Asks Congress for “Limited” War on ISIS;

On Wednesday, president Obama Asked Congress to Back War on Isis. Six months after US planes began bombing Jihadi militants in…

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Feb 12

Down Under: Economists Surprised by Jump in Australian

On February 3, the Reserve Bank of Australia cut interest rates to a record low 2.25%. Did economists think the RBA…

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Feb 11

Third Greek Bailout? Another €53.8 Billion Needed? Primary

Greece has two major financing problems. One is long-term, the other happens right now. Greece's overall debt load of €323 is…

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Feb 10

Seven Years Later, Global Debt Keeps Piling Up,

Central bankers still have not figured out the absurdity of their efforts to cure deflation via low interest rates. By…

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Feb 9

Consumers Report Stable Inflation Expectations, Lower Spending Growth

Results from the January 2015 Survey of Consumer Expectations (SCE) indicate median consumer inflation expectations were largely unchanged at both…

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