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6 HOURS AGO - Zero Hedge

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A Look at the Condition of Prices that will Absorb the Greek Referendum Results

It is difficult to make much sense of the short-term price action in the foreign exchange market based spurred by this or that headline about Greece.   On the week, the euro lost about 0.6% against the dollar but outperformed the other major currencies save the yen. The yen gained nearly 1% against the dollar, the only major currency to ...

Tags: A Look at the Condition of Prices that will Absorb the Greek Referendum Results,  Manufacturing Latest News

JUL 03, 2015 - Zero Hedge

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While the World Watches Greece THIS is Happening

By Chris at www.CapitalistExploits.at Watching the ongoing Greek saga unfold is enough to make a blind man grimace. Capital controls which could be seen coming down the track like a freight train are but one more notch on the disaster stick called European Monetary Union. Why talk of Greek debt negotiations is even taking place at all is the height of ...

Tags: While the World Watches Greece THIS is Happening,  Manufacturing Latest News

JUL 03, 2015 - Zero Hedge

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Barack Obama Tells Another Whopper - He Did Not Create 12.8 Million Jobs

Submitted by David Stockman via Contra Corner blog, America is better off when President Obama is out on the stump bloviating and boasting rather than in Washington actively doing harm. But the whoppers he just told the students at the University of Wisconsin are beyond the pale. Said our spinmeister-in-chief:  And the unemployment rate is now down to 5.3 percent. (Applause.) Keep in ...

Tags: Barack Obama Tells Another Whopper - He Did Not Create 12.8 Million Jobs,  Manufacturing Latest News

JUL 02, 2015 - Zero Hedge

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Why Is the American Dream Dead In The South?

Authored by Matthew O'Brien, originally posted at The Atlantic, The top 1 percent aren't killing the American Dream. Something else is—if you live in the wrong place. Here's what we know. The rich are getting richer, but according to a blockbuster new study that hasn't made it harder for the poor to become rich. The good news is that people at ...

Tags: Why Is the American Dream Dead In The South?,  Manufacturing Latest News

JUL 02, 2015 - Zero Hedge

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"There Are Obvious Signs Of Distress" In The Manufacturing Industry

In April, we noted the NACM's comments that "there are big, big problems" underlying the economy as a surge in unfavorable factors suggested credit conditions were tightening dramatically (only to see that data revised away suddenly). June's data has confirmed this weakness with credit rejections soaring to their highest since 2009 with the biggest spike in 9 years, with NACM ...

Tags: "There Are Obvious Signs Of Distress" In The Manufacturing Industry,  Manufacturing Latest News