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China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. Gross Domestic Product (GDP) growth to 5.0% Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. Morgan Stanley agrees. over the next two years. s 26% in 2000-2005.

Finance 75
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Spain on Track to Meet Budget Targets Says Economy Minister; Data Strongly Suggests Otherwise

MishTalk

On September 16, Spain''s economy minister, Luis de Guindos, said Spain on Track to Meet Budget. Spain is on track to meet the 2013 budget deficit target it agreed on with its European Union partners and should emerge from recession before the end of the year, the economy minister said on Monday. Spain Budget Deficit Soars.

Meeting 62
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France Fesses Up: "Deficit in 2014 Much Higher than Expected", Budget Needs Revisions Yet Again

MishTalk

Spain and France Deficit Violations Both Spain and France have constantly pushed back goals to meet stated targets. France announced on Wednesday it was breaking the latest in a long line of promises to European Union partners to cut its public deficit, conceding it now would take until 2017 to bring its finances in line with EU rules.

Finance 72
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Non-Manufacturing Services ISM Fails to Meet Expectations

MishTalk

Get Involved The State of the Unions Finances: A Citizens Guide. Wednesday, July 03, 2013 12:35 PM. Non-Manufacturing Services ISM Fails to Meet Expectations; New Orders Plunge. Business Activity/Production 51.7 Non-Manufacturing Services ISM Fails to Meet Expectations; New Orders Plunge. August 2013 (16).

Meeting 60
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Austerity In Spain? Where? Public Debt Threatens to Exceed 100% of GDP in 2014

MishTalk

of gross domestic product (GDP). The debt ended 2013 at 94% of GDP. In 2013, the Ministries have triggered the eventual disbursement of staff salaries by 7.5%. Also the salaries of senior management have risen in 2013. Adding up all the costs of the central administration staff, we see that in 2013 an increase of 0.8%

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Greek default in all but name - Tom Spencer consulting blog

Tom Spencer

It is surprising that ratings agencies did not classify the writedown as a default when you consider that S&P defines sovereign default as “the failure to meet interest or principal payments on the due date…contained in the original terms of the rated obligation when issued”. Copyright © 2013 Tom Spencer. Categories.

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France Tax Revenues €5.5 Billion Lower than Expected; Poll Shows 92% Do Not Believe Hollande's Tax Promises

MishTalk

Billion The Minister for the Budget Bernard Cazeneuve admitted Sunday that the revenue of the State in 2013 would be lower than expected, the order of € 5.5 Billion Translation from Le Figaro shows 3 billion in additional spending for 2013. billion, due to the poor economy, he said. Spending Up €3.3 of GDP, higher than the 1.6%