Spain's prime minister, Mariano Rajoy, has eventually admitted three points I have been saying for a extended time Spain's regions were in deep fiscal difficulty if not bankrupt Spain could not probably hit its deficit targets for 2012 It is mathematically extremely hard for Spain to meet deficit objectives with no raising taxes, no matter how significantly he ...
By Pedro Nicolaci da Costa WASHINGTON | Thu Dec 29, 2011 2:26pm EST WASHINGTON (Reuters) - Banks tightened the screws on lending to major financial market participants in recent months, the U.S. Federal Reserve said on Thursday, reflecting concerns about Europe's banking crisis. The central bank's survey of senior credit officers did not mention Europe directly, but indicated ...
State economies have partially recovered from the depths of 2009 and early 2010, but 17 states nevertheless project deficits. In addition, there are no rainy day funds or untapped revenue sources, and some "short-term" tax hikes are set to expire. California is $ 13 billion in the hole but that is a massive improvement ...
A man waits to speak with a job recruiter during a job fair in New York October 24, 2011. Credit: Reuters/Shannon Stapleton By Lucia Mutikani WASHINGTON | Fri Dec 30, 2011 9:58am EST WASHINGTON (Reuters) - New U.S. claims for jobless benefits rose last week but the underlying trend pointed to an improving labor market, while regional factory data ...
I inadvertently left off an item with regards to trade wars that I meant to mention in Mish 2012 Predictions 2011 Year in Evaluation with Max Keiser. I also have some commentary on the US election, treasured metals, and energy.Trade WarsCount on World-wide Trade Wars: Search for tit-for-tat trade wars to heat up in 2012 ...
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