The alleged recovery in Spain is already over. Retail sales are down month-over-month and year-over-year in July. August and September are both projected to be weak.
Nation building by outsiders does not work, ever. Results are especially bad when outside forces haphazardly piece together nations to suit political whims.
The socialists ruined France and Italy. And the Euro which was supposed to be a uniter has been anything but.
Here's the question of the day: Does GDP stand for Gross Domestic Product or Grossly Distorted Procedures? One of the reasons I ask is the latest push by countries to include prostitution and drugs sales in GDP calculations.
With housing prices still rising, albeit more slowly, inquiring minds might be wondering about "Real" interest rates and the "Real" CPI?
The out-of-the-blue excuses countries come up with for not making budget deficit targets are rather amusing.
There are lots of reasons why your health care plan may have been cancelled but this one is arguably the most bizarre.
With cash-paying investors on full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors.
Arrogance cost former French president Nicolas Sarkozy the election in 2012. What's changed? Nothing.
The French protest underscores the stupidity of sanctions. No one wins. Russia does not get fruits and vegetables, but European growers lose income.
A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America.
Following on the "success" of their last plan, which did nothing to spur lending and everything to create the biggest sovereign bond bubble the world has ever seen, ECB president Mario Draghi announced a a brand new failure...
In yet another sign of market over-exuberance, the Wall Street Journal reports Share Repurchases Are at Fastest Clip Since Financial Crisis.
In spite of the fact the Socialist party holds a majority of just 1 in the 577-seat lower house, French prime minister Manual Valls hopes to stabilize things with a Second No Confidence Vote in Six Months.
A Barclays' survey of over 2,000 individuals with a net worth over $1.5 billion contains some pretty interesting results.
In a Scottish Poll Roundup one new poll over the weekend shows the "Yes" vote with a substantial 54-46 lead, but most polls show the "No" vote with a tiny lead.
Malinvestment is already rampant. Additional stimulus now to meet arbitrary growth targets will cause a crash later.
Fearmongering in Scotland hits fever pitch as RBS and four other banks threaten to leave the country if Scotland votes "Yes" for independence.
A recent poll showed support for a "Yes" vote for Scotland independence went into the lead for the first time, overcoming a 20 percentage-point deficit.
Venezuela has nice oil reserves but the government is spending more cash than it receives from pumping oil. Investors are finally starting to realize Venezuela may run out of money and will be forced to default on bonds.
John Ransom and the Social Security Show-- Get Your Social Security Questions Answered | John Ransom
In Other News: Ukrainians Demolish Statue of Lenin – Putin Offers Statue of Himself as Replacement | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 29th, 2014 | John Ransom