• Greek PM, FinMin discuss savings deadlock with troika

    Updated: 2012-07-31 10:29:39
    Same shit, different day….

  • Analysis: EMU Annual Inflation Steady At +2.4% In July

    Updated: 2012-07-31 10:10:19
    July flash: +2.4% y/y MNI survey median: +2.3% y/y MNI survey range: +2.2% to +2.5% y/y June final: +2.4% y/y FRANKFURT (MNI) – Eurozone consumer price inflation unexpectedly held firm at +2.4% for the third consecutive month in July, Eurostat reported on Tuesday. A majority of analysts polled had forecast a modest slowdown in the [...]

  • Analysis: EMU Jobless Up Faster In June;Rate Stable At 11.2%

    Updated: 2012-07-31 10:10:12
    June preliminary: 11.2% MNI survey median: 11.2% MNI survey range 11.1% to 11.2% Previous: 11.2% May (11.1%), 11.1% Apr (11.0%), Mar 11.0%, Feb 10.9% PARIS (MNI) – While the rise in Eurozone unemployment accelerated in June, this was not enough to lift the jobless rate from the upwardly revised 11.2% in May, according to seasonally-adjusted [...]

  • EMU DATA: July flash HICP +2.4% y/y, June +2.4%, May.

    Updated: 2012-07-31 10:10:02
    EMU DATA: July flash HICP +2.4% y/y, June +2.4%, May +2.4%, April +2.6% – EMU July y/y flash HICP above MNI median fcast (+2.3%) – See Mainwire for more details

  • Mitt Romney meets Lech Walesa in Poland - video

    Updated: 2012-07-31 09:50:17
    The US Republican presidential candidate meets former Polish president Lech Walesa in Gdansk

  • Germany’s Unemployment Rose Less Than Expected In July

    Updated: 2012-07-31 09:10:02
    SA Unemployment: +7k (pan-German), +11k (West), -4k (East) – FRANKFURT (MNI) – The upward trend in German unemployment continued in July, though more slowly than expected as declines in the east offset increases in the west, while the jobless rate was stable at a 21-year low, the Federal Labour Office reported on Tuesday. As a [...]

  • Spain's BBVA H1 profit down by a third

    Updated: 2012-07-31 08:57:50
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  • BP adds $847m to Deepwater Horizon costs

    Updated: 2012-07-31 08:26:00
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  • Eurozone crisis live: Markets await ECB action on Thursday

    Updated: 2012-07-31 07:48:00
    European stock market rally peters outJulia Kollewe

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-07-31 06:56:43
    It seems that the last few days Europe is determined to make decisive steps forward, in order to face effectively its debt crisis, as the whole political and economic world calls for drastic measures. So, after Draghi’s intention to act, U.S. President Barak Obama expressed his belief that Europe is able to face its recession [...]

  • Property developer Tom McFeely declared bankrupt in Ireland

    Updated: 2012-07-31 00:55:49
    Turn autoplay off Turn autoplay on Please activate cookies in order to turn autoplay off Jump to content s Jump to site navigation 0 Jump to search 4 Terms and conditions 8 Edition : UK US Sign in Mobile Your profile Your details Your comments Your clippings Your lists Sign out Mobile About us About us Contact us Press office Guardian Print Centre Guardian readers' editor Observer readers' editor Terms of service Privacy policy Advertising guide Digital archive Digital edition Guardian Weekly Buy Guardian and Observer photos Today's paper The Guardian G2 features Comment and debate Editorials , letters and corrections Obituaries Other lives Sport EducationGuardian Subscribe Subscribe Subscribe to the Guardian iPhone app iPad edition Kindle Extra Guardian Weekly Digital edition All our

  • How the ECB came to control the fate of the world economy | Mark Weisbrot

    Updated: 2012-07-30 23:01:38
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  • Central Banks Spark Bullish Conditions

    Updated: 2012-07-30 16:59:02
    As outlined in a popular October 2011 video on the European debt crisis, we are well aware of the serious nature of the problems facing the financial markets. However, our market models have been telling us, and continue to tell us, to be open to ongoing bullish surprises. Debt market and economic fundamentals [...]

  • Yet another discouraging GDP release

    Updated: 2012-07-30 15:55:20
    : Econbrowser Analysis of current economic conditions and policy We Can Emulate the UK GDP-wise Main July 30, 2012 Yet another discouraging GDP release The Bureau of Economic Analysis reported Friday that U.S . real GDP grew at an anemic 1.5 annual rate during the second quarter . When the same bad thing keeps happening to you again and again , disappointed no longer seems the appropriate word to . use Lower spending by state and local government and lower net exports each subtracted about 0.3 from the annual GDP growth rate . And there just wasn't any oomph anywhere else to make up for it . Consumer spending grew at the same meager rate as GDP itself , with an outright decline in spending on durable goods , the big ticket purchases that consumers postpone when they're worried about the

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-07-30 07:15:35
    Europe seeks a game changer in its battle against debt crisis and it seems that found this gamer in the face of Mario Draghi, European Central Bank President. Draghi has to deliver or face a renewed selloff on bond markets, where soaring Spanish and Italian yields have fueled speculation about the collapse of the monetary [...]

  • We Can Emulate the UK (GDP-wise)!

    Updated: 2012-07-29 20:21:30
    : Econbrowser Analysis of current economic conditions and policy Guest Contribution : Rejoinder to Oil Price Spike Exacerbated by Wall Street Speculation Main Yet another discouraging GDP release July 29, 2012 We Can Emulate the UK GDP-wise Or , still no expansionary fiscal contraction in the UK surprise The UK experiment 0 continues , apparently not too successfully , according to statistics from the UK Office of National Statistics One picture . suffices Figure : 1 Real GDP growth SAAR blue line , left scale and log real GDP , rescaled to 2010Q2=0 red line , right scale Dashed line at advent of coalition government . Source : ONS 2012Q2 preliminary . release Free Exchange has additional discussion . But I think the IMF has a grip on how counterproductive the current path of

  • Greek leaders agree most cuts, lenders stay on: source

    Updated: 2012-07-29 14:18:43
    Political leaders in Greece have agreed on most of the austerity measures demanded by its creditors and are now eyeing pension and wage cuts to find the final 1.5 billion euros of savings still needed, a source close to the talks said on Sunday. read more

  • Bulls Still In Control

    Updated: 2012-07-28 20:33:07
    Video covers stocks, bonds, precious metals, and commodities. ETFs: VTI SLV TLT DBC JJC GLD IYM FXI EEM DBO $VIX VEU $SPX RSP $NYA $INDU EFA QQQ After you click play, use the button in the lower-right corner of the video player to view in full-screen mode. Hit Esc to exit full-screen mode.

  • Estonian Austerity Models Healthy Economic Correction

    Updated: 2012-07-27 23:39:49
    Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Blogs Estonian Austerity Models Healthy Economic Correction Jul 27 2012 As Eurozone governments try to figure out how to sell austerity” to their disgruntled citizens and the rest of the world wonders how in the heck Europe is ever going to get itself out of its mess , the tiny Eastern European nation of Estonia offers a glimmer of hope , as well

  • QE3?

    Updated: 2012-07-27 19:40:39
    Arguments for: The dual mandate is getting lopsided. Inflation is low and falling; employment growth has stalled, and the unemployment rate is stuck above 8 %. Whatever trade-off or balance before, it has tipped recently. We may have a double dip. We are on the verge of the third consecutive weak GDP quarter, if you [...]

  • Stocks Trying To Break Out On Central Bank Hope

    Updated: 2012-07-27 18:06:09
    The first two times the S&P 500 hit the downward-sloping trendline, stocks reversed (below red arrows). The last two attempts, including today’s, have been a little more impressive (below green arrow). The chart below is as of 12:48 p.m. EDT. Where stocks close is more important.

  • Recent Stock Turn Occurred at Logical Point

    Updated: 2012-07-27 14:15:16
    Is the market trying to turn from a reasonable area of support? The answer appears to be yes: The orange line C is 61.8% (Fibonacci) of the move from RET-A to RET-B. The market held above the orange FIB line near point D. The blue trendline E acted as resistance near the red arrow. [...]

  • "Rejecting “economists are dumb” does not mean there are no dumb economists" by Andrew Watt

    Updated: 2012-07-26 18:53:07
    Stephen Hill and I, along with some others, have been debating, in part, whether it is ok to lump all economists together, and put a “dumb” sticker on the whole lot. Have a look at this post - text is below – by Mark Thoma (US economist and prolific blogger). It seems very clear to [...]

  • "Reprise: ECB success shows extent of failure" by Andrew Watt

    Updated: 2012-07-26 15:30:49
    Almost exactly one year ago I wrote a blog post entitled ECB success shows extent of failure. The ECB had just announced its intention to buy Spanish and Italian bonds. Interest rates on the bonds had fallen significantly. The markets were happy. As I pointed out, this was more an indication of policy failure than [...]

  • Bearish Set-Ups In Multiple Time Frames

    Updated: 2012-07-26 03:06:24
    As of Wednesday’s close, the S&P 500 remained in a bullish uptrend. Nothing overly concerning has occurred yet. The patterns shown in the video are on our “good to be aware of” list. After you click play, use the button in the lower-right corner of the video player to view in full-screen mode. Hit Esc to [...]

  • Bank Crises and Solutions Should Be At Least Somewhat Related

    Updated: 2012-07-26 01:48:00
    My first crisis was the Maryland S&L Crisis in 1985. Its primary lesson for me was that there was little or no connection between its cause and the supposed lessons learned. That lesson continues to stand the test of time. Briefly, Ohio had an S&L crisis that involved state-chartered, but privately insured, institutions. Soon people [...]

  • ECB Comments Turn Tide

    Updated: 2012-07-26 01:47:13
    The light switch nature of the present day financial markets is alive and well. During Tuesday’s session the S&P 500 was down 21 points intraday with the markets looking very vulnerable. Add in a market friendly Fed story from the WSJ and this morning’s comments from the ECB and you flip the switch [...]

  • Capital Controls and the Death of Money Market Funds

    Updated: 2012-07-25 22:21:01
    Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Features Current Analysis Capital Controls and the Death of Money Market Funds Jul 25 2012 Money market funds MMF hold 2.7 trillion in total assets , acting as a safe haven where , according to the U.S . Securities and Exchange Commission SEC roughly 40 of investment company assets are held . As a result , some 20 of the cash balances of all U.S

  • "Sanford Weill suggests breaking up Banks" by NewsWatch

    Updated: 2012-07-25 22:19:06
    Sanford Weill, the former Chairman and CEO of Citigroup, suggested on CNBC that banks should be broken up to separate retail from investment banking – a reform also widely proposed in Europe. This is a very significant move, as Robert Reich argued, given that Weill is widely credited as having developed the current Wall Street [...]

  • "The Man Who Invented “Too Big to Fail” Banks Finally Recants" by Robert Reich

    Updated: 2012-07-25 22:03:17
    I’m in Alaska, amid moose and bear, trying to steal some time away from the absurdities of American politics and economics. But even at this remote distance I caught wind of Sanford Weill’s proposal this morning on CNBC that big banks be broken up in order to shield taxpayers from the consequences of their losses. [...]

  • Olympics, Swaps, Obits, etc.

    Updated: 2012-07-25 21:15:12
    (1) The Olympics:  Today’s image (above) is from a series of pre-Olympics billboard hijackings that a guerrilla group called Brandalism did recently (reported at Buzzfeed). Part of what they’re protesting is the excessive control over branding by the Olympic committee, … Continue reading →

  • Elena Panaritis’ new article in INSEAD Knowledge Magazine: From Brussels to Bombay: The euro crisis could spread

    Updated: 2012-07-25 14:23:57
    INSEAD article From Brussels to Bombay: The euro crisis could spread —- by Elena Panaritis —-   How real is the global impact of Europe’s debt crisis? Here’s the bad news: Europe’s debt crisis could spread, sending shockwaves across the globe. How real is this risk? It’s real enough for the World Bank’s new president, [...]

  • Fed Tries To Calm European and Stock Market Waters

    Updated: 2012-07-25 14:16:03
    As outlined in a July 22 video, there are still numerous reasons to be bullish relative to the intermediate-term outlook for stocks. However, there has been significant deterioration to the short-term picture in the last three trading sessions. With the S&P 500 down 21 points and on the technical ropes, the Wall Street Journal [...]

  • "Economic Trouble Chicago Edition" by Henning Meyer

    Updated: 2012-07-24 23:02:08
    I have just arrived in Chicago to talk about the Eurozone crisis at a conference organised by the Goethe Institute and the Federal Reserve Bank of Chicago. It is very easy to become self-centred given the enormous problems we have in Europe. But a protest right in front of my hotel served as a timely [...]

  • Spain to Default - Spanish Bonds to be Restructured like Greek PSI

    Updated: 2012-07-24 22:58:54
    Subscribe About Michael Maloney The Company Hiring Opportunities Premium Content Current Analysis Classic Maloney Essays Fundamentals How-To Events Contact Search Login The Weekly Cycle Market Insights Every Wednesday Wealth Cycle Principle Start My Trial Home Premium Current Analysis Economics 101 How To Invest All Recent Articles Video Resources External Resources FAQ Glossary Visual Economy Blogs Market Commentary Chart Blog Login Register Home Blogs Spain to Default Spanish Bonds to be Restructured like Greek PSI Jul 24 2012 Readers following the news know that as of quite recent , a total of seven Spanish provinces have now checked in to alert all that they are insolvent and will need Spanish government bailouts . The trouble is that Spain itself will be out of cash by August , and as

  • WSJ Releases Fed Story During Decline

    Updated: 2012-07-24 21:42:28
    For the second time in the last year or so, the WSJ has floated a story about possible Fed intervention while the market was open, something that is very rare. The S&P 500 rallied 10 points in the final forty-five minutes of trading. This text below was posted on the WSJ’s blog before the close: [...]

  • Hall of Shame for Tax Dodgers

    Updated: 2012-07-24 18:57:10
    Two bits of news yesterday, sent to us by Alejandro Reuss: first, the New York Times reports that the National Baseball Hall of Fame, which honors such greats as Willie Mays and Walter Johnson, has recently put a new jersey … Continue reading →

  • Markets Migrating Toward Bearish Camp

    Updated: 2012-07-24 18:19:22
    We have added some hedges to our accounts today due to the developments described below. We are open further defensive moves in the coming days should conditions warrant. In a July 22 video, we noted the weekly chart of the All World Stock Index Ex-US (VEU) “could go either way” and emphasized the need to [...]

  • Greece will need more debt restructuring

    Updated: 2012-07-24 16:46:36
    Greece is unlikely to be able to pay what it owes and further debt restructuring is likely to be necessary, three EU officials said on Tuesday, a cost that would have to fall on the European Central Bank and euro zone governments. read more

  • The Path Not Taken ... Thus Far: Debt Deleveraging by Inflation

    Updated: 2012-07-23 22:00:37
    : : Econbrowser Analysis of current economic conditions and policy The fiscal cliff and rationality Main Crowding Out Watch : July 2012 July 23, 2012 The Path Not Taken Thus Far : Debt Deleveraging by Inflation From the latest issue of the Milken Institute Review Trends : Better Living Through Inflation” co-authored with Jeffry Frieden If the aftermath of the Great Recession doesn’t feel like the recovery from a normal cyclical downturn , that’s because it wasn’t a normal cyclical downturn . We’re living through the consequences of a massive global debt crisis , and debt-driven crises produce an especially malign form of recession . The politics of debt is , if anything , more daunting than the economics . A debt crisis typically degenerates into bitter political conflict over who will

  • Fed Talks Open-Ended QE

    Updated: 2012-07-23 19:25:31
    The markets would be very receptive to open-ended QE. Seems unlikely to happen in the short-run, but quite likely longer-term. From Reuters: An open-ended round of quantitative easing that could be adjusted to suit economic conditions should be considered if the Fed launches a fresh round of monetary stimulus, a top policy official in [...]

  • "German politicians playing with Greek fire (again)" by Andrew Watt

    Updated: 2012-07-23 17:02:47
    It is unbelievable that after all these months German policymakers continue to make the same mistakes, over and over. And its media are making things even worse. The economics minister Philip Roesler gave a weekend interview in which he opined that he was sceptical that Greece could meet its reform requirements, that no further money [...]

  • The fiscal cliff and rationality

    Updated: 2012-07-21 22:21:15
    : Econbrowser Analysis of current economic conditions and policy Wisconsin Employment Release for June : Payroll , Private , Civilian Employment . Decline Main The Path Not Taken Thus Far : Debt Deleveraging by Inflation July 21, 2012 The fiscal cliff and rationality What should happen , what could happen , and what will happen Let's begin by acknowledging the obvious : the United States faces a very significant long-run issue of fiscal solvency . The graph below , taken from a recent analysis by the Congressional Budget Office plots projected federal expenditures as a percentage of GDP under two : scenarios The extended baseline scenario which reflects the assumption that current laws generally remain unchanged that assumption implies that lawmakers will allow changes that are scheduled

  • American Pie in the Sky

    Updated: 2012-07-20 15:39:31
    From Project Syndicate: While the risk of a disorderly crisis in the eurozone is well recognized, a more sanguine view of the United States has prevailed. For the last three years, the consensus has been that the US economy was on the verge of a robust and self-sustaining recovery that would restore above-potential growth. That [...]

  • Wisconsin Employment Release for June: Payroll, Private, Civilian Employment Decline.

    Updated: 2012-07-20 09:15:32
    : : , , . Econbrowser Analysis of current economic conditions and policy Would Regulation of Libor Have Passed Senator Shelby’s Benefit-Cost Analysis Main The fiscal cliff and rationality July 20, 2012 Wisconsin Employment Release for June : Payroll , Private , Civilian Employment . Decline The BLS has released preliminary estimates for June employment in Wisconsin . Private payrolls declined 11.7 thousand while total nonfarm payroll declined 13.2 thousand 0.5 and 0.5 respectively , using log differences at seasonally adjusted rates . Civilian employment decreased 7.9 thousand 0.3 At annualized rates , these would be 6 5.8 and 3.3 respectively It is interesting to observe that none of these figures are cited in the text of the Wisconsin Department of Workforce Development press release

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-07-20 07:11:53
    Yesterday Germany made a step forward to the fight against debt crisis that Eurozone faces. German Chancellor, Angela Merkel, managed to persuade the German parliament and win its vote on a rescue package for Spanish banks with 473 votes and just 97 votes against. So, Germany, as Europe’s largest economy, will now guarantee about 30 [...]

  • ‘Roubini’s Devastating Diagnosis’ – Freeland File (Full Video Interview – 16:49)

    Updated: 2012-07-19 21:57:17
    From Project Syndicate: While the risk of a disorderly crisis in the eurozone is well recognized, a more sanguine view of the United States has prevailed. For the last three years, the consensus has been that the US economy was on the verge of a robust and self-sustaining recovery that would restore above-potential growth. That [...]

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-07-19 07:17:53
    Lately, more and more tend to express their belief that the European debt crisis could spread globally. President of World Bank, Jim Yong Kim, mentioned that most regions of the world could be hurt by the debt crisis and it is vital to protect the strong economic gains in the developing world. Europe’s crisis could [...]

  • Fixing the Future: Screening Tonight!

    Updated: 2012-07-18 20:27:24
    Tonight and tomorrow night, theaters across the country will be screening “Fixing the Future: Building Local Jobs, Income, & Sustainability.” Boston’s screening will take place at the AMC Loews Boston Common, on 175 Tremont Street, at 7:30PM. The PBS film … Continue reading →

  • Roubini Reuters Videos on Global Perfect Storm and Europe’s Slow Motion Train Wreck

    Updated: 2012-07-18 15:41:29
    Reuters — Roubini: Euro crisis a “slow motion train wreck” – Freeland File (4:26)   Reuters — Roubini: “Global perfect storm” looms – Freeland File (2:17)

  • Assessing the New Greek Government: A Month Later

    Updated: 2012-07-18 12:50:00
    : : Greek Default Watch A blog about Greece's need to create a sustainable economic path for itself and to do so quickly , in difficult circumstances , and under great . pressure Pages Home Greece in Figures Greek Crisis Timeline Q on the Greek Crisis The Big Picture Wednesday , July 18, 2012 Assessing the New Greek Government : A Month Later It has been a month since the June 17 election and the subsequent formation of a New Democracy-led coalition government . Where do things stand in Greece First , the sense of relief that came on the night of June 17 as the country recognized that left-wing SYRIZA would end up in second rather than first place has proven somewhat durable . The country is far from normalcy , of course , and there is a lot to be done . But the near panic that permeated

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-07-18 07:17:26
    More than two years have already passed since Europe’s debt crisis came to surface with the first bailout of Greece. Today, the Eurozone’s economy is slowing and suffers under austerity measures and rising bond yields. Under these circumstances, more and more analysts are cutting European profit forecasts at the fastest rate since 2009, as Eurozone [...]

  • High Inflation at the Gates?

    Updated: 2012-07-17 23:47:55
    : Econbrowser Analysis of current economic conditions and policy Whither China Main Maugeri on peak oil July 17, 2012 High Inflation at the Gates The Federal Reserve needs to raise interest rates to stave off inflation , says Rep . Paul Ryan , R-Wis . I'm worried they're not going to pre-empt inflation , the House Budget Committee Chairman tells CNBC . I'm worried they're going to see it too late and we're going to have a problem . That's a quote from February 2011 It's useful , I think , to consider what has happened since then or since October 2009 Figure 1 depicts three measures of three month annualized inflation , while Figure 2 depicts three measures of corresponding core . inflation Figure : 1 Three month annualized inflation , measured by CPI blue chained CPI red corrected 7 18,

  • "Limited Posting in next few Weeks" by SEJ

    Updated: 2012-07-17 23:11:51
    Dear readers, as we are entering the silly season (the political summer break), posting on SEJ will slow down a bit for a few weeks. We’ll continue to run pieces, but we’ll adjust to the political circumstances, which also means that we are back on fully throttle if a crisis kicks off again. In the [...]

  • Greece in hard spot as debt payment looms and European doubts grow

    Updated: 2012-07-17 23:08:00
    BERLIN —Greece’s new leaders have had only a month to confront their country’s dismal tangle of economic problems, but some in Europe think the troubled Mediterranean country is up against a hopeless task. read more

  • More on Libor; Prison Gerrymandering; Private Equity

    Updated: 2012-07-17 21:14:39
    (1) A bit more on Libor:  The Boston Globe had a piece (here) about Massachusetts officials looking into whether state agencies here got ripped off when Barclays, and possibly other banks, low-balled the interest rates they reported to the British … Continue reading →

  • "A Euro Group in the European Parliament?" by Henning Meyer

    Updated: 2012-07-17 16:20:42
    I am currently giving a lot of talks in Europe and the US about the Eurozone crisis, how to understand it and what kind of reforms are needed to set the currency area onto a more sustainable course. Some of these thoughts are summarised in an article recently published on this website. There is, however, [...]

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-07-17 07:14:52
    Eurozone’s debt crisis tends to become a global economic phenomenon with a huge impact to the global economy. The International Monetary Fund (IMF) decided to cut its forecast for global economic growth and stated that this situation could get worse, if policy makers in Eurozone do not act more effectively in order to prevent the [...]

  • Economics News from the Desk of Elena Panaritis

    Updated: 2012-07-16 07:01:04
    It seems that the debt crisis, that has hit Europe, becomes more severe and member states will need more time in order to face it effectively. European Investment Bank claims that it is not possible Eurozone to emerge from its crisis within the next two years. According to European Investment Bank it is more likely [...]

  • One European Crisis, Different National Fates

    Updated: 2012-07-16 01:04:00
    : , Greek Default Watch A blog about Greece's need to create a sustainable economic path for itself and to do so quickly , in difficult circumstances , and under great . pressure Pages Home Greece in Figures Greek Crisis Timeline Q on the Greek Crisis The Big Picture Sunday , July 15, 2012 One European Crisis , Different National Fates We often use the term European Crisis , 8221 but not every country in Europe is experiencing the crisis in the same way . In fact , there are several countries that are doing quite well . On a sub-national level , Eurostat reported that unemployment in 2011 ranged from 2.5 in Salzburg and Tirol in Austria to 30.4 in Andalucía in Spain . These three regions are occupying the same economic space only in a very abstract way . Inspired by that report , I looked

  • The Beginning of the Endgame

    Updated: 2012-07-14 18:18:00
    Sign in Join Home Investor Blogs Global Emerging Markets Stock Research Multimedia Investment News Thoughts From The Frontline The Beginning of the Endgame The Beginning of the Endgame Thoughts From The Frontline Home About Contact Blog Subscription Form Email Notifications Go Syndication RSS for Posts Atom RSS for Comments Frontline Thoughts Audio Don't have time to read the weekly newsletter The audio version of my Frontline Thoughts are now available via Podcast on InvestorsInsight.com . nbsp Consume the feed here Have You Seen This Recent Posts Gambling in the House The Lion in the Grass The Beginning of the Endgame Into the Matrix Bull’s Eye Investing Almost Ten Years Later Tags China Consumer Spending Credit Crisis Debt Deficit Deflation Economic Forecast Economy Employment Euro

  • LIBOR Scandal; More on Swaps

    Updated: 2012-07-13 20:42:33
    (This post’s “possibly irrelevant image” comes from an incredible series of Kodachrome photos at English version of Pavel Kosenko’s blog. The images are beautiful and interesting. Definitely irrelevant to the post, though.) (1) A bit on Libor:  I’ve asked a … Continue reading →

  • "Whither German Moderate Opinion?" by George Irvin

    Updated: 2012-07-13 12:56:44
    It’s an awkward question but one that must be raised repeatedly. Does Germany really want the euro to survive? Was the beloved DM sacrificed for unification? The German public—like their counterparts around the world—appear to be unduly influenced by their jingoistic press, one which tends to see Germans as the much-maligned victims of a Eurozone [...]

  • Economic News from the Desk of Elena Panaritis

    Updated: 2012-07-13 06:44:13
    As debt crisis continues to grow in Eurozone, European Central Bank mentioned that it could take more measures, in order to boost the European economy. The European Central Bank has already cut its main interest rate to a record low of 0,75 and has reduced, also, the deposit rate it pays banks to zero. The [...]

  • Should Greece Restructure and Privatize its Power Company?

    Updated: 2012-07-13 04:03:00
    : Greek Default Watch A blog about Greece's need to create a sustainable economic path for itself and to do so quickly , in difficult circumstances , and under great . pressure Pages Home Greece in Figures Greek Crisis Timeline Q on the Greek Crisis The Big Picture Thursday , July 12, 2012 Should Greece Restructure and Privatize its Power Company The New Democracy-led coalition is gearing up for its first big fight against the labor union of the Public Power Corporation PPC , or ΔΕΗ in Greek This is good news because we will know soon whether the government has what it takes to implement reforms . Lose this battle , and it will lose the war . Yet amid the bullying and the threats , there is also a quasi-argument brewing : an argument that Greece’s low tariffs for electricity are proof

  • Economic News from the Desk of Elena Panaritis

    Updated: 2012-07-12 07:16:30
    ECONOMICS NEWS – From the desk of Elena Panaritis   Yesterday, Spanish Prime Minister, Mariano Rajoy, announced a new set of austerity measures of 65 billion Euros and he was granted a one-year extension on the deadline to meet his country the Eurozone’s limits. Time extension seems to be the latest strategy that Eurozone follows [...]

  • End the Minutes

    Updated: 2012-07-12 02:58:06
    Today’s release of the minutes of the FOMC meeting held on June 19-20—three weeks ago—caused the stock market to decline, apparently because there was no substantial support revealed in the minutes for further quantitative easing. As one who believes that markets are pretty efficient, I find that remarkable and disconcerting because we already knew that [...]

  • Ellen Brown on Keiser Report

    Updated: 2012-07-11 23:07:00
    Filed under: Ellen Brown Articles/Commentary

  • Pampering Pooches, Shooting Seals

    Updated: 2012-07-11 20:00:21
    (1) Pampering Pooches Wealth inequality has reached a new high (or low): Paris Hilton’s dogs are now worth more than you. Alternet reports that the heiress recently constructed a $350,000 doghouse for her canine companions. While a million people in … Continue reading →

  • Roubini Bloomberg Video: 2013 Global Perfect Storm May Surpass 2008 Crisis

    Updated: 2012-07-08 22:01:54
    July 7 (Bloomberg) — Nouriel Roubini discusses “greedy” bankers, the euro-zone crisis and risks facing the global economy in 2013. He speaks in Aix-en-Provence, France, with Bloomberg Television’s Caroline Connan.  

  • Dr. Mercola interview — Surprising Links: How Big Banks Manipulate and Influence Your Health

    Updated: 2012-07-06 22:18:22
    Read article here. Filed under: Ellen Brown Articles/Commentary

  • Occupying Student Debt

    Updated: 2012-07-06 21:17:09
    In our January/February issue, Dan Schneider profiled the Occupy Student Debt Campaign, a movement that brought attention to the trillion dollars of student debt in America today by calling for a mass student movement around the issue. The campaign launched … Continue reading →

  • Fix it or Fixit – Could Finland Be Next?

    Updated: 2012-07-06 15:11:26
    Talk of Finland leaving the EZ sooner rather than later has increased, with many in influential positions now reconsidering the costs and benefits of EZ membership and coming to the conclusion that a “Fixit” may be the country’s best option. Consider the following factors. First, the other Nordic countries are outside the EZ and/or the [...]

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