Iran Removes Euro and Dollar From Trade Exchanges; More Symptoms of Hyperinflation
Inquiring minds note that Iran removes euro and dollar from its trade exchanges. Minister of Economic Affairs and Finance Shamseddin Hosseini said Monday that Iran...
Author : Mish Global Economic Trend Analysis
Obama “No Ransom For Crashing Economy”; Republicans Threaten Default; Things Progressing Right on Cue
I am pleased to report the debt-limit charade is progressing in order, right on cue, perhaps slightly ahead of schedule. In Trillion...ollar Coin Idea...ies Sudden...eath;...
Interactive Map: Job Gains and Losses in the Recovery by Job Type (Healthcare, Education, Mining, Construction, Finance, Real Estate, etc)
Inquiring minds are investigating job creation and losses during the economic recovery. Data for following Tableau Software interactive map is courtesy of Economic Modeling Specialists....
Global PC Shipments Decline 6.4%; Best Buy Sales Flat; Toys R Us Sales Decline 4.5%; 4th Quarter GDP Estimate Reduced to .8% from 1.5%
Holiday sales of electronics and toys plunged this past Christmas season. Also of note, JPMorgan lowered its annualized 4th quarter GDP estimates down to .8%...
Catalonia Drafts Declaration of Sovereignty, Announces Vote of Independence, Seeks Self-Determination in 2014
Via...oogle translate from El Pais, please consider Catalonia proclaimed "sovereign subject" The Catalan Parliament proclaimed that Catalonia is "legal and sovereign political subject" in the...
Trillion Dollar Coin Idea Dies Sudden Death; Treasury, Fed Oppose Using Platinum Coin; Republican Strategy
At long last, a stupid, as well as illegal idea dies on the vine. Bloomberg reports Treasury, Fed Oppose Using Platinum Coin to Avoid Debt...
France, the Hidden Zombie in Europe
Via Google Translate from Spanish, GurusBlog asks and answers the question Is France the zombie hidden in Europe? Although still quite outside the focus of...
Making Social Security Actuarially Sound in a Business-Friendly Manner
In Social Security Payouts Per Worker; Accrued Interest on Accrued Promises; Imagination I posted numerous charts showing the unsustainable nature of the system. First let's...
Yen Falls to Lowest Level Since 2010; Japan Promises 10.3 Trillion Yen Stimulus; BOJ to Adopt 2% Inflation Target; Where to From Here?
Bank of Japan to Adopt 2% Inflation Target Bloomberg reports Yen Falls to Lowest Since 2010 on Stimulus The yen reached the weakest since June...
Social Security Payouts Per Worker; Accrued Interest on Accrued Promises; Imagination
Inquiring minds are digging still further...nto social security trends and costs. Here...s a chart from Tim Wallace...n response to my post Social Security Trends: Beneficiaries,...