Source: worldbulletin.net
Mark next week in your calendar as that’s when the European authorities (read: creditors) will start reviewing Greece’s progress with regards to the reforms it had to push through in order to receive another bail-out package last summer.
Submitted by MN Gordon via EconomicPrism.com,
One week down. Fifty-one more to go. No doubt, this has been a wild start to the New Year. We expect many more to follow.
For example, on Monday, Chinese investors overloaded the Shanghai Stock Exchange. An abundance of traders hit the sell button in unison and nearly shorted out the sell side circuit. By early afternoon the breakers had tripped to prevent a full market meltdown. Here are the particulars, as reported by Bloomberg…
Submitted by Alasdair Macleod via GoldMoney.com,
Advance signs of a global slump in economic activity emerged in 2015.
Update to BLS December Payroll Jobs Report: It is even worse than I reported
Paul Craig Roberts
Via John Murphy,
MAJOR STOCK INDEXES ENTER CORRECTION TERRITORY... After suffering the worst start to a new year in history, the U.S. stock market has entered correction territory which is defined by a drop of 10% from its old high. The charts pretty much speak for themselves. All three major stock indexes fell to three month lows in heavy trading. The next downside target is the two lows formed in August and late September.