Max Fraad Wolff submits:We continue to see divergent streams of data on the US economy. There are flows of good news and flows of less bad, but far from good news. There is a macroeconomic dumbbell forming, defined by areas of strength at either end of a central void. The middle portion of the recovery is dramatically absent. Financial asset markets and large, globally diversified firms have begun the rebuilding process. Bond demand is red hot.
Edinburgh (AFP) - Thousands of members of the Protestant Orange order marched through Edinburgh on Saturday in a show of strength against Scottish independence, as the final weekend of campaigning for the referendum got underway with everything to play for.
Tens of thousands of right-wing extremists are expected to march through the streets of Warsaw this month — on the same day the United Nations climate conference starts.
The clash of events is prompting concern for the safety of delegates at the conference.
Right-wing groups are a “clear threat to minorities,” said Michael Dorsey, a delegate with the Centre for Civil Society at the University of KwaZulu-Natal in Durban, South Africa.
Germany and France showed resilience as the main pillars shoring up the eurozone, notching up firm growth in the third quarter new data showed on Tuesday amid clouds of gloom about the EU and global economies.But EU data showed that third-quarter growth in the eurozone as a whole was just 0.2 percent. And the German ZEW confidence indicator was at the lowest level for three years.Meanwhile bond market pressure on France and Spain increased.
Sickly growth figures and a breathing space for stocks in Italy and Spain on Friday failed to dispel investor nerves in a crisis that has sparked panic selling on financial markets.The Italian economy gathered some pace with the growth rate rising to 0.3 percent in the second quarter from 0.1 percent in the first quarter, while Spain expanded by only 0.2 percent after 0.3 percent in the first three months.