Daily Archives: June 5, 2013

Despite surging prices for homes and equities, consumer spending is contracting, registering its biggest monthly decline since September 2009. Quite simply, the wealth effect is rendered moot by languishing incomes. No wonder yoy U.S. import growth has also plunged into … Continue reading →

Germany is known as Europe’s stronghold, but Germany’s investment freeze calls into question its real economic strength and future growth prospects.

Bill Gross, PIMCO, says the Fed’s policies are part of the problem and not the solution. He says rates are so low you reduce the incentive among investors to take risk.Here is a direct link.