There’s little reason for cheer in Europe. While Germany narrowly avoided a recession in the third quarter, the latest numbers show the $13 trillion eurozone economy is stuck in first gear. High unemployment, high debt and a lack of investment continue to hold the region back.
Prices for slaughter-ready or cash cattle in the U.S. Plains hit an all-time high on Friday, fueled by an early winter storm at a time of the smallest herd since the early 1950s.
Japan reported Monday that its economy contracted at a real annual rate of 1.6 percent in July-September, in a second straight quarterly decline that returned the country to recession. A steep drop in residential investment failed to offset a modest recovery in exports, the government reported.
Start hoarding those Hershey’s Kisses and stockpile your Snickers: The world could soon experience a chocolate shortage. Mars Inc.
Driven by a combination of Mining (-0.9% – biggest drop in a year), Utilities (-0.7% led by a 3.
Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West. The latest research from the World Gold Council reveals that the Kremlin snapped up 55 tonnes of the precious metal – far more than any other nation – in the three months to the end of September as prices began to weaken. Vladimir Putin’s government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade.
On Friday, the Non Farm Payroll jobs numbers came out. There were 210,000 jobs added and the unemployment rate went down to 5.8% from 5.
Just when you thought we might be slightly safe from the Obama’s destructive onslaughts, he sells us out while over in China. When are we going to be able to get rid of this one man wrecking ball of a President? Can’t he just go golfing for the next 2 years?
Barack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it. If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen. The name of this treaty is “the Trans-Pacific Partnership”, and the text of the treaty is so closely guarded that not even members of Congress know what is in it.
Do you want to know why Millennials seem so angry? We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the “American Dream”. We told them not to worry about accumulating very high levels of student loan debt because there would be good jobs waiting for them at the end of the rainbow once they graduated.
A Dutch entrepreneur has had two wireless computer chips implanted under the skin in his hands to allow him to store digital currencies like Bitcoin inside his body. Martijn Wismeijer is the founder of Mr Bitcoin, a company which installs and operates crypto-currency cash machines in and around his native Amsterdam and across Europe. This month he chose to undergo a painful procedure to embed NFC (near-field communication) chips under his skin.
The parallels between the false prosperity of 2007 and the false prosperity of 2014 are rather striking. If we go back and look at the numbers in the fall of 2007, we find that the Dow set an all-time high in October, margin debt on Wall Street had spiked to record levels, the unemployment rate was below 5 percent and Americans were getting ready to spend a record amount of money that Christmas season. But then the very next year the worst economic crisis since the Great Depression shook the entire planet and everyone wondered why most people never saw it coming.
Yes, we have been in a housing bubble, in case you missed it. It started with the non-recovery post housing-crash in 2007. As foreclosures got sold, many people who had to foreclose or short sell were left with bad credit, lousy or no jobs and could not buy something else again.
How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment. You might think that I am talking about the United States, but I am actually talking about Europe. You see, the truth is that the European Union has a larger population than the United States does, it has a larger economy than the United States does, and it has a much larger banking system than the United States does.
Internal Revenue Service Commissioner John Koskinen warned that close to half the people trying to reach the IRS by phone might not get through during the upcoming 2015 tax filing season. “Phone service could plummet to 53%,” he told an audience of tax practitioners at the AICPA National Tax Conference in Washington, D.C.
Did you know that we buy nearly five times as much stuff from the Chinese as they buy from us? According to government numbers that were just released, we imported 44.9 billion dollars worth of stuff from China in September but we only exported 9.