France does not like anything cheaper, or better. Thus the attacks not only on Google, but on Amazon (for free shipping of books), on Facebook, on Netflix, on the Uber taxi service, on anything and everything cheaper.
Overall impact on the CPI will at best be subdued, especially if wages do not follow. If more money goes for rent and Obamacare, less money will go elsewhere.
A New York Fed research paper says "it's a mystery" why the housing recovery did not have a bigger impact on millennials living at home.
One really has to wonder about what is in these central banker's heads
"Shaky" is exactly what one should expect when you get a bunch of nannycrats who believe Nirvana is on the horizon if wealth and taxes could just be redistributed properly.
Let's take a look at weaker than expected reports from the Eurozone in aggregate, and France and Germany in particular.
Of course there is a reason for this mess (just not a good one). The reason is political arrogance.
In the wake of plunging gold, people constantly asked when I would throw in the towel.
Surprise, surprise: With two consecutive quarters of contracting Gross Domestic Product, Japan is officially back in recession. GDP shrank 1.6% annualized.
In a flurry of fearmongering by the central bank and inflationists in every corner, it appears the initiative is headed towards defeat.
As part of his anemic promise to hold a referendum, Cameron first has to win reelection. Then he has to live up to his promise, whether or not he gets concessions from Merkel.
Are businesses are moving too quickly to robots? Is any job safe?
Draghi cannot do "whatever it takes" to spur credit and inflation because the primary problem in the eurozone is structural, with the euro itself.
Did China commit to anything it would not have done in the first place, without an agreement? If the answer is no (and it is), then what did Obama's "historic" deal accomplish other than put another useless "I did it" feather in Obama's cap?
The truth on Obamacare is finally out: The bill was purposely written to trick the CBO (congressional Budget Office) into believing the bill was not a tax. Moreover, the bill also depended on the "Stupidity of the American Voter".
Writing is on the wall. It says, Ukraine is increasingly likely to split in two. Recent events appear to have sealed that fate.
And if so, this winter could be as bad as last year's record breaker (or worse).
All things considered, this was a pretty strong report.
ECB president Mario Draghi hopes that if he continues with his kick-the-can tactics long enough, that something good will eventually happen.
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