2012_0427 - Europe double dip recession
Today I am going to dive into two controversial issues: whether the RBA “should” cut rates by 25 or 50 basis points next week, and what I call the “great RBA counter-factual”.
Total student loan debt in America recently exceeded $1 trillion and is now higher than credit card debt. It’s a mind-boggling figure, and one which has led some economists and commentators to claim it’s simply the latest financial bubble waiting to burst. Others editorialize about what all that debt says about the state of higher education in contemporary America.
The VIX (Chicago Options: ^VIX) or fear gauge is at the lowest level since July 2007.
April 24, 2012 | By MATTHEW STURDEVANT, email@example.com , The Hartford Courant
Tom Jones, a scientist, author, pilot and veteran NASA astronaut and advisor to Planetary Resources, speaks at a news conference at the Museum of Flight in Seattle AP Donna Blankinship and Seth Borenstein Planetary Resources mechanical engineer Peter Illsley puts finishing touches on a full-size prototype model of a low-orbit spacecraft before a news conference announcing a plan to mine nearby asteroids AP
THE first industrial revolution began in Britain in the late 18th century, with the mechanisation of the textile industry. Tasks previously done laboriously by hand in hundreds of weavers' cottages were brought together in a single cotton mill, and the factory was born.
Some additional charts on top of yesterday's ... all data sourced from the ABS (6401, tables 12 and 13).
The ABS released the first quarter inflation figures .
As investors proceed happily through the forest that is this week's potentially epic fail, Nomura asks the question on every European is asking - What's in my wallet? Investors holding EUR-denominated assets and obligations face potential redenomination of contracts into new currencies.
Changing course would be 'absolute folly', says PM Economy slumps 0.2 per cent unexpectedly It follows a fall of 0.3 per cent in the final quarter of 2011
The U.K. economy shrank in the first quarter as Britain slid into its first double-dip recession since the 1970s, forcing Prime Minister David Cameron to defend his spending cuts in Parliament.