In an interesting turn of events, McDonald's earnings have taken a hit. We talked in previous posts how a strong dollar is coming and the hit to our economy that will happen as a result. We need a weak economy to encourage the export of our goods.
The conspiracy theorists will have fun with this one. The Marines have created law enforcement batalions. This isn't really anything new as this is what they did during WWII. The changing face of the battlefield has made this a requirement. CNBC has a good article on it.
Spain is back in the news today. They've had 2 infusions of cash, which are bailouts by another name. Well, things are starting to look like they're going to need an official bailout soon. spain's 10 year borrowing debt rose to 7.45%. This is the highest since the euro has been established, accoring to USA today.
While it's obvious China's GDP is starting to show a slowing economy over there, are they faking their data?
I'm going to put some information up later this week on why exactly the Fed hasn't announced QE 3.0. QE 3.0 being the last round in the chamber, and they have no other tools if it doesn't work. In the meantime, Fox news has an interesting article on it.
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