debt crisis

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  • Global Financial Leaders Avoid Public Rift With Japan


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    The Group of 7 meeting also focused on banking reform and efforts to stem tax avoidance, as Europe grows tired of austerity measures.        
    1 week ago
  • Critique on the ex cathedra pronouncement of Barroso that there is no eurocrisis


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    The present author finds it pertinent to express the feeling of amazement that is always born in him following an exposition to the Olympian pronouncements of the European Commissions President, Mr. José Manuel Barroso; amazement not in the sense of a positive impression, but rather as a profound bewilderment blended ...
    1 week ago
  • Opinionator: Europe’s Careless Dithering


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    European countries need to make bold moves toward full integration of their economic policies.        
    1 week ago
  • Europe’s Careless Dithering


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    European countries need to make bold moves toward full integration of their economic policies.
    1 week ago
  • The Saturday Profile: Benaki Museum Director Struggles With Budget Cuts


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    Angelos Delivorrias has led the Benaki Museum in Athens for almost 40 years. Now, in the face of steep budget cuts, he is fighting to protect what he helped build.        
    1 week ago
  • Woah: Greece’s youth unemployment rises above 60 percent


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    Idled. Greece has a lag of several months going with their unemployment reporting, and the recently revealed statistics from February produced a very unwelcome whopper: The youth unemployment rate just shattered a new record with about two-thirds of the country’s young people without a job. Via Reuters: Greece’s ...
    1 week ago
  • Cook County Public Pension Crisis Worsens


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    Back on April 9, 2012, I blogged about the public pension crisis in Cook County, Illinois. From that post: Chicago, Cook County, and Illinois- a trifecta of serious financial concerns. Hal Dardick talked about all three entities and their growing pension problems early this morning on the Chicago Tribune ...
    1 week ago
  • Spain is officially insolvent: get your money out while you still can


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    Id not noticed this until someone drew my attention to it, but the latest IMF Fiscal Monitor, published last month, comes about as close to declaring Spain insolvent as you are ever likely to see in official analysis of this sort. Of course, it doesnt actually say this outright. The IMF is far too diplomatic [...]
    1 week ago
  • Amalfi’s Legacy of Lemons


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    Along Italys Amalfi Coast, one family struggles to carry on its heritage of lemon cultivation.        
    1 week ago
  • German Finance Minister Puts Focus on Unemployment


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    At an investment conference in London, Wolfgang Schäuble cited joblessness among young people as Europe’s biggest problem.        
    1 week ago
  • Eric Cantor blames media for lousy GOP messaging, and focus on their debt and deficits whining.


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    The deficit was $1.2 trillion when Obama took office. That was the bill left by free spending Republicans during the Bush years. Before that the U.S. had projected surpluses. So who do you blame? Thats an easy one right? So how odd is it for Republicans to be this outraged Obama hasnt paid off their check ...
    1 week ago
  • Shifting Balances at the ECB


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    Since the ECBs decision not to pay interest on reserves, when it brought the deposit rate to zero last July, banks have shifted their funds out of the deposit facility and into current balance.  At the same time, they moved funds out of the ECB altogether.  On May 8th, banks further trimmed their overnight ...
    1 week ago
  • Higher Inflation Rate Expected; Long-Term Investors in Danger?


    Investment ContrariansAuthority Authority: 489
    One of the biggest concerns for investors when it comes to long-term investing is the safe return of their capital. Following the 6.75% levy imposed by Cyprus on deposits of less than 100,000 euros, many investors were shocked that such ... Read More This article Higher Inflation Rate Expected; Long-Term ...
    1 week ago
  • Great Graphic: Base Money and Money Supply


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    Many observers continue to confuse base money with money supply. The Pragmatic Capitalism blog has been among the forefront explaining this distinction. The first Great Graphic here comes from a post on that blog from Niels Jensen of Absolute Return Partners . It shows the monetary base, which is what the ...
    1 week ago
  • Amalfi Journal: On Amalfi Coast, the Business of Lemons


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    On the Amalfi Coast, a family’s bid to keep its small business going mirrors Italy’s debate about keeping local traditions alive in a global economy.        
    1 week ago
  • Glenn Beck: ‘We Are The First Responders’


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    Glenn Beck, the conservative radio/television host, political commentator, and author, gave the keynote address at the National Rifle Association’s 2013 national convention that just wrapped up in Houston. Beck, who I actually met and spoke to briefly when I was in Dallas at the end of March for the ...
    1 week ago
  • Our Current Financial System Is So Toxic, A Collapse Is Imminent


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    As the Dow and the S&P 500 make new record highs, other global equities are also enjoying a run to the upside.  Yet, many of these economies have little to no economic growth, government debt is rising and in some cases unemployment has hit record highs. Since when do equities rise in the face of dismal economic ...
    1 week ago
  • Why I am bullish on Greece


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    I have been posting for a while now that I think Greece provides the greatest upside potential. Greece ’s sovereign bonds outperforming was one of my ten surprises for 2013 three months ago . And with bond yields now falling below 10%, Morgan Stanley is getting onboard so I am not the only one recommending this ...
    1 week ago
  • Memo From Berlin: Germany Extends Its Success to the Soccer Field


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    The Continent’s championship soccer game will be between two German teams, and many observers see a link to the country’s economic approach.        
    1 week ago
  • Backing Grows for European Bank Plan


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    Two top finance officials gave a push forward to create a unified banking regulator, easing concerns that the bloc is failing to move swiftly enough to avoid future crises.        
    1 week ago

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