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The Next Wave Of The Global Economic Crisis Is Rapidly Approaching: Inflation Rising Quickly As The Global Slowdown Accelerates, The Central Banks Are Fast Running Out of Bullets, And The Dollar Is Entered A Terminal Phase
Germany And Spain Inflation Picked Up Significantly
Germany’s inflation rises past EBC limit
(ECB) in August, as the Europe’s biggest economy is increasingly feeling the pinch of the eurozone debt crisis.The German unemployment rate also increased for the fifth consecutive month in August.
Gasoline prices boost Spanish inflation
MADRID–Spain’s inflation picked up significantly in August from a year earlier due to higher gasoline prices, final data from the National Statistics Institute, or INE, showed Wednesday.
Spain’s harmonized consumer price index rose 2.7% in August from a year earlier, well above the 2.2% CPI increase seen in July, INE said. The data confirms an earlier flash estimate released late last month.
World’s Economies Are CRASHING! PMI Numbers Crashing Across The World. CHINA HSBC PMI FALLS TO LOWEST LEVEL SINCE MARCH 2009!!!
- Japan: Markit/JMMA Manufacturing PMI — 47.7, down from 47.9 in July
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China: Official PMI – 49.2, down from 50.1 in July
- South Korea: HSBC Manufacturing PMI — 47.5, up from 47.2 in July.
- Netherlands: NEVI Manufacturing PMI — 49.7, up from 48.9 in July.
- Taiwan: HSBC Manufacturing PMI — 46.1, down from 47.5 in July.
- China: HSBC Manufacturing PMI — 47.6, down from 49.3 in July.
- Indonesia: HSBC Manufacturing PMI — 51.6, up from 51.4 in July.
- India: HSBC Manufacturing PMI — 52.8, down from 52.9 in July.
- Russia: HSBC Manufacturing PMI — 51.0, down from 52.0 in July.
- Saudi Arabia: SABB HSBC Manufacturing PMI — 58.3, up from 58.1 in July.
- Ireland: NCB Manufacturing PMI — 50.9, down from 53.9 in July.
- Sweden: Swedbank PMI — 45.1, down from 50.6 in July.
- Poland: HSBC Manufacturing PMI — 48.3, down from 49.7 in July.
- Turkey: HSBC Manufacturing PMI — 50.0, up from 49.4 in July.
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Spain: Markit Manufacturing PMI — 44.0, up from 42.3 in July.
- Czech Republic: Manufacturing PMI — 48.7, down from 49.5 in July.
- Switzerland: Manufacturing PMI — 46.7, down from 48.6.
- Italy: Markit/ADACI Manufacturing PMI — 43.6, down from 44.3.
- France Markit Manufacturing PMI — 46.0, up from 43.4.
- Germany Markit/BME Manufacturing PMI — 44.7, up from 43.0.
- Greece Markit Manufacturing PMI —42.1, up from 41.9.
- Monday, 9/3, 4:00 AM: Eurozone Manufacturing PMI. Expected: 45.3. Previous: 45.3.
- U.K.: Markit/CIPS Manufacturing PMI— 49.5, up from 45.4.
- Tuesday, 9/4, 8:58 AM: Markit U.S. PMI Final. Expected: 51.9. Previous: 51.4.
** Perhaps an ugly bellwether for the global economy, Asia’s aggregate exports turned lower Y/Y in July for the first time since the financial crisis, says Nomura’s Rob Subbaraman.
** America Is On The Verge Of A Horrible Municipal Debt Crisis
** Household income falls as 46 million in poverty
** CHINA INFLATION RISING QUICKLY AS ECONOMY SLOWS
**CHINA CRASH 2012: Here’s How It’s Finally Happening This Time
**PROTEST: $9 gallon for gas in NY and NJ
Spain’s Economic Nightmare Has Gotten So Bad That Catalonia Wants To Secede
What started out as a celebration that marked marking Catalonia’s “National Day” turned into one of the biggest gatherings the city has ever seen.
Over a million Catalonians descended upon Barcelona yesterday, protesting current economic conditions, tax policies, and what they see as an unequal distribution of wealth.
Their solution?
“Catalonia: a new European state”
Catalonians have long viewed themselves as culturally distinct from the rest of Spain. They have their own history, traditions, and a distinct language native to their region. But now, the economic climate has driven a huge amount of people to favor full independence.
