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Global Economy: New year, old demons

loosening financial conditions. “In the final analysis, the U.S. is in a much better position to help lead the global recovery in 2013 as many financial and real economic imbalances have been reduced and there is plenty of pent-up demand in … — Mon, 31 Dec 2012 00:05:09 -0800
The A-List from the Financial Times provides timely, insightful comment on the topics that matter, from globally renowned leaders, policymakers and commentators. — Sun, 30 Dec 2012 23:00:00 -0800
To the extent that they can be linked by a single theme in 2013, however, it is the idea of the unraveling of the global economy and the political integration that supported it. After two decades of globalization, this year will see each of the big … — Sun, 30 Dec 2012 22:38:23 -0800
As 2012 comes to a close, many have hopes for an improved economy in the new year. Editors at The Economist are not so optimistic and believe the global economy in 2013 will be more of a “grind.” “There is a big gap, as there has been in … — Sun, 30 Dec 2012 20:34:02 -0800

Online Education Is The Future

The cost of education will come down for the simple reason it has to. The price of college education is not only ridiculous, but unsustainable. — Sat, 29 Dec 2012 23:36:00 -0800

2013 Predictions

FORMER ROMNEY ECONOMIC ADVISOR: Yes, Middle Class Tax Rates Might Have To Be Hiked Too …. Frustrated by the lack of results on the economy, Japan’s Abe will push for the ultimate financial measure; he will call for the Central Bank of Japan to “extinguish” 20% of Japan’s public sector debt. This will be the first official step …. Faced with new production sources and a generally weak global economy, crude oil prices will drift lower in the early part of the year. But Saudi … — Sun, 30 Dec 2012 01:46:43 -0800
i)Banking And Finance. ii)Oil And Gas. iii)Infrastructure. I’ll be Trading Short Term ,in the above three sectors. 2.The Baltic Dry Index near all time LOW for the second time in a about a year.the Global Economy is heading for disaster. 3. — Sun, 30 Dec 2012 01:40:00 -0800
The central bank maintains healthy foreign exchange reserves, and a well-developed regulatory regime has limited Malaysia”s exposure to riskier financial instruments and the global financial crisis. Nevertheless, Malaysia could be vulnerable … — Sun, 30 Dec 2012 01:19:29 -0800
Global Economic Intersection’s Opinion Blog – blogs news, analysis and opinion. … The economic situation (recession) and geopolitics (major tensions in the Middle East, but also in Asia (1), etc.) make 2013 a difficult and dangerous period, with mishaps likely, making stable regions … With the launch of “project bonds” (13) to finance EU infrastructure projects, increased pooling is underway, and the way is open for Eurobonds. A weakened German Chancellor, after … — Sat, 29 Dec 2012 23:41:38 -0800

G20 against new great depression

Today we will once again be talking about the state of world finance and the global economy. At a one-day summit in Washington the leaders of the 20 most economically important countries agreed to a radical change in the international … — Sat, 29 Dec 2012 01:30:23 -0800
Organizations are aware of both the requirements and the current limitations of their global mobility programmes, however they are not translating that awareness into improvement and change,… — Sat, 29 Dec 2012 00:30:37 -0800
So inflate away the debts of the world by allowing the price of gold to increase? It is not as mad as it sounds. If you want to reset the global financial system this is one method of achieving it: tie the currencies of the world more closely to gold. — Fri, 28 Dec 2012 21:58:18 -0800
Eight hundred or more journalists attend the average G20, to shine a spotlight on the failure of the group to fulfil its self-proclaimed mandate to manage the global economy. These disappointments have deep roots, and there’s nothing unique … — Fri, 28 Dec 2012 21:00:00 -0800
In the four years since the onset of the global financial crisis, there has been a period of waking up. And while humans generally continue to exist in an unsustainable way, sustainability is possible, but—as International Land Coalition director … — Fri, 28 Dec 2012 19:02:24 -0800

A Year In The Global Economy

Schroders 2013: A year in the global economy – Keith Wade and Azad Zangana Schroders’ Chief Economist Keith Wade and European Economist, Azad Zangana, discuss why the global economy hit another soft patch in 2012 and share their views on… … Brian Bollen, globally renowned award-winning writer, on international institutional finance, and other important matters. Home · Archives · Profile · Subscribe. My Photo … — Fri, 28 Dec 2012 02:31:31 -0800
Background–As the world enters yet another year in the shadow of continued financial and economic crisis, a broader view of the contours of the future global economy is required. The Situation of Regional Economy– The longer-term trends … — Fri, 28 Dec 2012 01:56:21 -0800
The Euro crisis remains one of the primary risks to the global economy. Downside risk: The big risk is civil unrest which leads to potential defections and defaults. The citizens of Europe are unlikely to put up with depressionary economics … — Fri, 28 Dec 2012 01:53:00 -0800
The inflation rate is running below five per cent, according to the Ministry of Economy and Finance. “Cambodia’s economy is proving its strength with a growth projection of seven per cent annually, although the global economic outlook at the … — Fri, 28 Dec 2012 01:26:00 -0800
However, officials said that the Nordic nation will see a rebound in 2014, with GDP growth forecast at 1.7 percent over the 12-month period, although it will still fall short of levels seen in 2008 prior to the global financial collapse. The ministry … — Fri, 28 Dec 2012 01:17:17 -0800
In order to understand what’s truly taking place in our markets today, the most logical place to start such an investigation is none other than MIT’s Laboratory for Financial Engineering—the global focal point for today’s sci-finance. If you visit their site and click “Research”, one of the first … computation to financially engineer market stability. Given the trillions at stake, many are wondering whether the world’s greatest experiment is going to succeed or lead to the fall of the global economy. — Thu, 27 Dec 2012 23:00:00 -0800
On Dec. 25, 1991, an epoch ended. On that day the Soviet Union collapsed, and for the first time in almost 500 years no European power was a global power, meaning no European state integrated economic, military and political power on a global scale. … The 1989-1991 period marked the end of the Japanese economic miracle, the first time the world had marveled at an Asian power’s sustained growth rate as the same power’s financial system crumbled. The end of the Japanese … — Thu, 27 Dec 2012 22:54:00 -0800

Mainstream media begins examining what created our housing bubble

A crash in home prices wouldn’t just cause untold financial pain for Canadian homeowners – it has the potential to expose the federal government to huge liabilities for their mortgages. How we got to this place is not merely the story of a historic …. But as Europe tumbled into a severe economic and political crisis in 2010 and 2011 and the global economic recovery got weaker, interest rates stayed low, making mortgages cheap. Canada`s banks added to that problem by getting caught … — Thu, 27 Dec 2012 00:01:00 -0800
The global economy, with its financial, product and input markets, is highly integrated. There are five stylized empirical features of the financial cycle that stand out. (1.) The financial cycle is best captured by the joint behavior of credit and … — Thu, 27 Dec 2012 01:59:00 -0800
Sociétés 2: religious associations, the Friob group, and global corporations located in unlikely towns and hamlets from Bertrange to Winseler. It is precisely in places like that the 1,000s of sociétés anonymes listed …. The FSB is a subgroup of the G20, one of many ‘powerful nation clubs’ (members include finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union). So while the average pol might still claim ignorance, it is hard to see … — Thu, 27 Dec 2012 01:48:29 -0800
The benchmark interest rate is at 2.75 percent compared with 5.25 percent before the global financial crisis. Some South Korean companies are already benefiting from an improved economic outlook. Samsung Electronics Co. (005930)’s … — Thu, 27 Dec 2012 01:35:08 -0800
Taro Aso, son of a cement magnate and a champion of pork-barrel spending when prime minister, became Japan’s sixth finance chief in three years, auguring expanded fiscal stimulus in the world’s third-largest economy. …. Aso’s use of fiscal stimulus as prime minister was a “bold decision” to mitigate the impact of the global financial crisis, said Richard Koo, chief economist at Nomura Research Institute Ltd. (4307) in Tokyo, who has known Aso for more than 10 years and is the … — Thu, 27 Dec 2012 01:14:00 -0800
The growth rate is likely to gradually increase from the middle of next year, helped by the global economic recovery, it added. The finance ministry also said it plans to execute a “flexible” fiscal policy by frontloading 60 per cent of the national … — Thu, 27 Dec 2012 00:53:28 -0800
As prime minister himself from 2008-09, Mr Aso launched huge economic stimulus packages to combat fallout from the global financial crisis before he lost power. Mr Abe on Wednesday unveiled a cabinet of close allies and policy experts to … — Thu, 27 Dec 2012 00:52:00 -0800


Productivity is Bad: The Economy Follows

Fiscal Cliffhanger: What It Means for the Economy … Mish’s Global Economic Trend Analysis: Yen Decline… Fabulous Fun Facts About Financing Food Stamps · PODCAST: Mystery bill, Egypt credit goes downhill … Wolf Richter: The EU … — Tue, 25 Dec 2012 23:27:00 -0800
China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff. The boom countries will pay … And the UN system has maintained sum of its quirks with Greece, despite its economic slump, still paying more than India, which aspires to become a permanent member of the UN Security Council. … It previously accounted for 12.5 percent of UN finances. — Tue, 25 Dec 2012 23:19:23 -0800
In a few short decades the West undercut 150 years of legal reforms that made the global economy possible. Moreover, U.S. … They didn’t just blow up finance, they oversaw the swiftest transfer of wealth to the very top the world has ever seen. — Tue, 25 Dec 2012 22:30:52 -0800

The American Debt Explosion

The American Debt Explosion

With every passing moment, we come closer to the realization that both the international monetary system and the global financial model have undergone numerous changes and survived through a number of very life-threatening economic … — Tue, 25 Dec 2012 01:12:00 -0800
The political dysfunction of the world’s largest economy is epic. Even though … Interest rates are lower and the equity market higher, but unemployment is higher and the economy continues to contract. … Latest Video: Global Finance Interview … — Mon, 24 Dec 2012 23:00:00 -0800

Investors cautious as US 'fiscal cliff' deadline nears

Global investors will likely remain cautious during the coming trading week, as market-watchers eye efforts by the US Congress and the White House to negotiate a deal resolving the ‘fiscal cliff’ before the end of the year. — Sun, 23 Dec 2012 22:00:00 -0800
[6] Scanty rainfall hampers household water supply but has more serious repercussions on agriculture which accounts for 17% percent of India’s economy and employs about 70% of its population.[7] Over 65% of … As world leaders turn a blind eye to scientific reports and continue to dither on showing leadership and determination in reducing global green house gas emissions, I hope that by some miracle my mother can continue to welcome my friends to stay over at her house. — Mon, 24 Dec 2012 00:03:06 -0800
First, the United States and the eurozone are the world’s two most important markets, and the failure in each case of the one to act impacts directly on the other and, indeed, on the global economy in its entirety. … As a result, my biggest fear as a brand new finance minister was that a financial crisis would occur somewhere in the world before we could act, and that the contagion that would follow would send our interest rates through the roof, pushing Canada over the tipping point. — Mon, 24 Dec 2012 00:00:47 -0800
Latest Video: Global Finance Interview … Is the dollar’s place in the world lost? Did globalization really destroy the … Making Sense of the Dollar answers this and many more questions about the future of globalization and the world economy. — Sun, 23 Dec 2012 23:30:00 -0800
In many ways, it will be a relief to say farewell to 2012, a year which has seen the advanced countries struggling amid seemingly unending economic and financial uncertainty. Naturally, the tail-end of the … When presenting its Economic Outlook in late November, the Organisation for Economic Cooperation and Development (OECD) warned that the global economy was expected to make “a hesitant and uneven recovery” over the coming two years. OECD secretary-general Angel … — Sun, 23 Dec 2012 22:40:00 -0800


5 Years On, A Look Back At The Global Financial Crisis

The infamous global financial crisis of recent years began in 2007 in the United States where the initial problems arose to create a domino reaction and set off a chain of events and parameter changes that were to result in a global financial downturn not seen to such a scale since the 1930s! Certainly a number of issues … As the most globally influential economy in the world, the United States had huge global investment in these subprime mortgages and debts. Therefore when they … — Sun, 23 Dec 2012 03:53:00 -0800
Swan indicates the government will make a thorough assessment the situation in the New Year. Press Conference – October Monthly Financial Statement; Global Economic Downturn; Surplus; Australian Economy. – The Hon Wayne Swan MP … — Sun, 23 Dec 2012 03:46:52 -0800
It was also beginning a dramatic fall ushered in by the global financial crisis. Hu says he considered … “It really started when Premier Wen Jiabao announced a 4 trillion renminbi rescue plan for the economy,” Hu says. “I knew I just needed to … — Sun, 23 Dec 2012 02:43:14 -0800
Revolutionary reflections on this world of ours. John Passant …. The global financial crisis is likely to have increased the number of big businesses not paying income tax from the Killaly 40% figure to perhaps 50 percent or more. Unfortunately the ATO no longer … We may hear more of the tax gap – the difference between profit in the economy and tax paid on it, a difference that appears to be widening as profits increase and the amount paid as company tax falls. Part of that widening … — Sun, 23 Dec 2012 02:36:11 -0800
Analysis of the changing dynamic of seaborne trade is set to cause lively debate at the session covering maritime and port development in the new global and economic era, with other parallel panel discussions covering port infrastructure, … — Sun, 23 Dec 2012 02:02:52 -0800

Bank reform plans should be tougher, UK Banking Commission says

Sir John concluded that ring-fencing was the best way to protect “core” retail banking activities from any future investment banking losses, such as were seen during the global financial crisis. But there has been much debate over whether to enforce a … times, while Latvia’s growth outlooks only went up. While Latvia’s economic growth projection was only 2% in the beginning of the year, the current economic projection of the Finance Ministry provides for 5% increase of GDP in 2012. — Sat, 22 Dec 2012 00:04:50 -0800
From the movement in the financial markets, however, it looks as if we will usher in 2013 with no major blowups, and could even see a year of decent economic recovery and general recovery in risk assets. … After the Lehman Brothers in September 2008 nearly triggered a global financial meltdown, both the U.S. Fed and Treasury intervened heavily, the ostensible objective being to stabilize the system and circuit-break the self-reinforcing fear that was already rippling through the … — Sat, 22 Dec 2012 01:06:00 -0800
This would be the year when the global economy finally regained its vigor. … The 17 countries that use the euro endured a third painful year in their financial crisis and slid into recession. Emerging economies slowed. President Barack Obama defied predictions by sailing to re-election. And his landmark health care plan surprisingly survived … The achingly slow global economic recovery was chosen as the top business story of the year by business editors at The Associated Press. — Sat, 22 Dec 2012 00:06:00 -0800
The upshots of the global financial crisis are long to list. In a catchy word, they are condensed in the phrase “shift to the East”. Driven by the increasing power and strength of emerging market economies, the timing and extent of the shift raise … — Fri, 21 Dec 2012 23:25:45 -0800
The economic area perhaps is the most significance symbol of globalization. A well-regulated financial market is the cornerstone of the global economy. As an indispensable part of economic globalization, financial globalization plays a key … — Fri, 21 Dec 2012 21:36:04 -0800