Europe, China, and Other Horrible Ideas

Ransom Notes Radio
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Posted: Jun 26, 2013 12:01 AM

China is having credit problems, Europe is struggling with unemployment, and Central Bankers are just now starting to figure this out. . . Too bad they didn’t listen to Ransom Notes Radio. Mike Shedlock joins the program to discuss the impact of China’s trouble with credit.

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Show Prep

Big Three:

Continuing our narrative from yesterday – even more people are now saying that Central banks may have reached their limit. . .

http://video.cnbc.com/gallery/?play=1&video=3000178335

Europe is a main focus now, as European Finance Ministers try to hammer out a deal for a banking union. . . One of the topics of conversation, has been youth unemployment:

http://video.cnbc.com/gallery/?play=1&video=3000178335

(As an after thought. . . He says unemployment is a “collective failure” in Europe. . . I’d consider more or less a failure of collectivism. But, I guess that’s nit-picky.)

Hooray! Good News on Manufacturing!!!! Take it away, Mike McKee:

http://www.bloomberg.com/video/manufacturing-strong-on-may-durable-goods-numbers-8V894fAPTR6gnl2IBbLdgw.html

Other news:

Of course the Chinese are going to say they have the credit crunch under control. . . What did you expect?

http://www.bloomberg.com/video/pboc-sees-china-s-liquidity-risks-as-controllable-84BSkbBERaWMRW_fzzdUyQ.html

A White House climate advisor says we need a war on coal. Right. . . Higher energy costs always lead to economic prosperity:

http://www.weeklystandard.com/blogs/wh-climate-adviser-war-coal-exactly-what-s-needed_737807.html

How Ironic: The Obama Admin wants people to blow the whistle on whistleblowers. Hmm:

http://www.foxnews.com/politics/2013/06/24/program-urging-federal-workers-to-tattle-on-each-other-raises-concerns/

The Taliban has attacked a government compound in Afghanistan. But, yeah, I think we should totally send them arms and support in Syria.

http://hosted.ap.org/dynamic/stories/A/AS_AFGHANISTAN?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-06-25-08-33-20