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Eurozone Composite PMI Signals Steep Rate of Contraction [Mish]
PMI reports from Europe continue to show severe signs of stress. Yesterday, Markit reported Eurozone PMI rises in June but still signals steep rate of contraction Key points for June Final Eurozone...
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Credit card debt falls in Q1 of 2012 – But there’s no reason to applaud
By Rick Murphy Recent reports suggest that the outstanding credit card debt has dropped by 5.6% to $805 billion in the first quarter of 2012 and fortunately, for the US economy, this marked the 3rd...
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Guest Post: Shhhh… It’s Even Worse Than The Great Depression [Zerohedge]
Submitted by Mark McHugh from Across the Street Shhhh…It’s Even Worse Than The Great Depression According to Wikipedia, Narcissistic personality disorder (NPD) affects one percent of the population and...
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What Happened After Europe’s Last Three Currency “Unions” Collapsed [Zerohedge]
It may come as a surprise to some of our younger readers, that the Eurozone, and its associated currency, is merely the latest in a long series of failed attempts to create a European currency union...
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Summary of tax rates in the Eurozone [SoberLook]
Here is a good summary of key tax rates across the Eurozone as well as recent changes. As always it’s a delicate balance between revenue and growth. In Spain (and Italy to some extent) tax increases...
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