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carrierpigeon
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Grand Experiment Failure; Bankers Prefer Bubbles; Europe is not USA; Final Epitaph - Mish - Global Economic Analysis

About 2 percent of Americans get paid the minimum wage. Of that group, by the way, less than .3 of 1 percent of Americans are both under the line of poverty and on minimum wage. So it's a lot of young people. About 50 percent of them are between 16 and 24 years old. For a lot of them, it's a part-time job.

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Beginning of the headline :Lower Interest Rates May Reduce Consumption Saxo Bank CIO and chief economist Steen Jakobsen made a few comments the other day that hit me in the face like a bucket of ice water. Here they are again, taken from Steen Jakobsen Warns "Euro is Not a Good Idea and ECB About to Make Biggest Mistake in History" Jakobsen says success stories like the three QE Federal Reserve (Fed) cannot be extrapolated to the Eurozone. His reason? The US is a net debtor and falling interest rates affects internatio... Read More

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