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  • Is Europe witnessing the end of the dogma of austerity?


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    By Sara Miller Llana, CS Monitor, May 10, 2013 Brussels and Berlin—When history looks back at the debt crisis gripping Europe, the faces of angry protesters in Southern Europe railing against Berlin-mandated austerity will be a defining image. But what will be the picture of turning point? Will it be captured in ...
    1 week ago
  • VIDEO: Latest Business News


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    BOJ chief expects no spike in long-term Japan interest rates G7 to press on with bank reforms, gives Japan free pass ECB’s Draghi says no call for G7 central banks to do more Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our ...
    1 week ago
  • VIDEO: ECB’s Draghi Says no Call for G7 Central Banks to Do More


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    ECB’s Draghi says no call for G7 central banks to do more Stocks rise for a third week in a row Stocks pull back from record levels on Wall Street Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our homepage . div#grabpreview ...
    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
  • Protecting ETF Portfolios From the Currency Wars


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    NEW YORK (ETF Expert) -- The last week has witnessed a renewed interest in foreign equities. In spite of a deepening recession in Europe, questions about Chinas growth, declining worldwide demand for commodities and little evidence of a self-sustaining global economy, some investors are filling their suitcases with ...
    1 week ago
  • A Tale of Two Europes


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    I admit, I’ve written a hell of a lot about the Eurozone. It’s not cause I’m overly interested in Europe or that I have this weird fascination with economics – truthfully I write a lot about Europe and the Euro … Continue reading →
    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
  • Emerging Market Economies Indicate Economic Slowdown for Global Economy


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    Economic conditions in the U.S. economy may be improving slightly, but the global economy is on the verge of witnessing an economic slowdown—and a possible recession. Key indicators are flashing red signals and warning of trouble ahead for the global economy. In these pages, I have written rigorously about how ...
    1 week ago
  • Jobs Growth So Far in 2013 Running Well Behind Last Year’s Pace


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    According to the Bureau of Labor Statistics (BLS), there were 3.8 million jobs opening in the U.S. jobs market in the month of March, unchanged from February and lower than March 2012 (Source: Bureau of Labor Statistics, May 7, 2013.) The hires rate, which is the number of people hired relative to those already ...
    1 week ago
  • Euro Drops Below 1.3000 Against the US Dollar


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    Euro is lower against the US dollar today, dropping below the 1.3000 level for the first time in about two weeks. There isn’t a clear reason for the drop to take place right now, but there is speculation that general dollar strength is the main driver. (...) Read the rest of Euro Drops Below 1.3000 ...
    1 week ago
  • Spaniards flock to Germany to escape recession


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    Soaring unemployment has driven a record number of Spaniards to leave the country
    1 week ago
  • Youth Unemployment Rate Exceeds 15% In Two Thirds Of Advanced Economies


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    The International Labour Organization has released its annual report on global employment trends for youth, and the bad news is plentiful. The youth unemployment rate exceeds 15% in two thirds of advanced economies, and is a far cry from the employment levels just 4 years ago. Naturally, the eurozone has the worst ...
    1 week ago
  • The two Europes, in one chart


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    The euro zone economy is a mess. Here’s the clearest expression of that conclusion we have seen, from an excellent Gavyn Davies piece in the Financial Times Source: Financial Times It shows that in “core” non-stressed euro zone countries — think Germany, France, the Benelux countries, Austria and ...
    1 week ago
  • Youth Unemployment in Greece Hits 64 Percent


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    Unemployment is continuing to rise in the crisis hit Greek economy , and the young are suffering most. Related Posts on WNC Markets Looking Higher, but Eurozone’s Looking More Dangerous: Which Will Win Out? (Mar 20, 2013) Cyprus Wins Exemption for Small Savers from Bank Levy ...
    1 week ago
  • US Dollar Strengthens on Unexpected Jobless Claims Data


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    US dollar is showing strength today, heading higher as Forex traders look to the improving economic situation. When compared to other economies, the US economy is looking pretty good, and that is helping the greenback against its major counterparts today. (...) Read the rest of US Dollar Strengthens on ...
    1 week ago
  • Two Nigels dont make a right on Europe | Michael White


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    Nigel Lawson and Nigel Farage anti-EU arguments are as muddied as the Scheldt harbour Michael Portillo and Boris-Come-Lately have joined Nigel Lawson in the Times newspapers campaign to persuade Britain to leave the EU and, in the process, quite possibly propel Mayor Johnson into No 10 and the acting-editor of the ...
    1 week ago
  • Shiny Happy People: The Future of Europe?


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    One of the most brilliantly provocative pieces that our CSO has recently come across is Financial Times doyen Simon Kuper’s  Smile if you’re European (3rd May 2013). Kuper convincingly posits that while the banner headlines concerning Europe pertain almost invariably these days to crisis and decline, the ...
    1 week ago
  • Spain and Italy Unite to Promote Employment and Banking Union


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    During a press conference this week, following a meeting between the Spanish Prime Minister, Mariano Rajoy, and Italian Prime Minister, Enrico Letta, at Moncloa Palace, both leaders stressed that Spain and Italy are firmly committed to the project of European integration and that they are determined to do everything ...
    1 week ago
  • Gold Commercial Bank Reserves Win Erdem Basci "Central Banker of the Year"


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    Erdem Basci, director of the Central Bank of the Republic of Turkey (CBRT), has weathered criticism and collected accolades for his maverick approach. In particular, he has brought foreign exchange currencies (Forex) and gold deposits to the level of everyday banking. The success of his maverick approach may point the ...
    1 week ago
  • Why I Feel Like It’s 2007 All Over Again


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    Wow! Seems like the stock market is the place to be again. We broke 15,000 on the Dow Jones Industrial Average yesterday. I hear traders in the pits are wearing hats that say Dow 15,000. Recently, we even wrote about how central banks and bond mutual funds are buying stocks now, too. Looks like everyone is getting ...
    1 week ago

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