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It's Frankfurt that should be your worry – not Rome

This obviously mean that forward looking financial markets increasingly will act on political news as political news will have an impact of future monetary policy decisions from the ECB. And this is really what concerns investors. The logic is that a … Hence, the Bernanke-Evans rule and the BoJ’s new inflation target are effective backstops that reduces the risk of spill-over from Italy to the global markets and the global economy. However, investors obviously still worry about the possible … — Wed, 27 Feb 2013 22:36:13 -0800
The UK is facing a sterling crisis that could devastate the economy with higher interest rates and plunging house prices, something the financial community is now pricing into the currency… Posted on 28 February 2013 Categories: Banking … — Wed, 27 Feb 2013 21:44:54 -0800


Recession on the Doorstep, Knocking

Wednesday and Thursday saw a collection of figures, reports and comments that confirmed that the global economy will drop below the International Monetary Fund’s idea of a global recession in 2009: that’s global growth of 3%. It is now clear … — Tue, 26 Feb 2013 21:51:10 -0800
Fragile global economy could be derailed if “currency war” continues; Deliberate currency weakening can give nations trade advantage; Federal Reserve chief Ben Bernanke has defended currency weakening. MOSCOW (AP) — Finance ministers and central bankers from the world’s 20 leading industrial and developing countries pledged not to weaken their currencies to gain an advantage in trade in an attempt to calm growing fears that governments are using foreign exchange as … — Tue, 26 Feb 2013 21:10:01 -0800
Then along came the 2008 global financial crisis. To keep China’s economy growing, panicked officials launched a half-trillion-dollar stimulus and ordered banks to fund a new wave of investment. Investment has risen as a share of gross … — Tue, 26 Feb 2013 20:40:00 -0800
[Instead,] I think that the stage 1 (financial) and stage 2 (political) collapses will compress into a single chaotic episode. Commercial collapse will not be far behind, because global commerce is dependent on global finance, and once … — Tue, 26 Feb 2013 19:33:19 -0800

China Overheating

The underlying strength of Chinese growth recovery remains intact, as indicated by the still expanding employment and the recent pick-up of credit growth. — Mon, 25 Feb 2013 23:57:00 -0800
Most of the rail-related stocks are down along with the borad market which declined due to concerns about the global economy. Shares of Titagarh Wagons were down 2.4%, Texmaco Rail and Engineering 2.3%, Kalindi Rail Nirman 3% and … — Mon, 25 Feb 2013 22:30:38 -0800
Collect Solid Dividends as the Global Economy Heats UpPrintable Number Spinner. Biologists will collect elk to research cause of hoof disease WILDLIFE State wildlife biologists will kill elk calves in two counties, hoping tissue samples can … — Mon, 25 Feb 2013 21:57:06 -0800
Global Finance Crisis ? The Crisis of Credit Visualized. This short animation might help you to understand one of the core problems of modern capitalism. The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th … Financial crises directly result in a loss of paper wealth; they do not directly result in changes in the real economy unless a recession or depression follows. ? Did you … — Mon, 25 Feb 2013 21:21:00 -0800
This has been a major feature of the market post the global financial crisis. This suggests it will remain a strong resistance level in 2013. This may mean the dollar/yen spends several weeks or longer consolidating near this resistance prior to … — Mon, 25 Feb 2013 19:10:00 -0800
Examining the world around us through the lens of philosophical Taoism. … Limiting it, they warn, would impair profitability and weaken the country’s position in global finance. So what if we told you that, by our calculations, the largest U.S. banks aren’t really profitable at all? What if the … This fact makes the government’s lack of prosecution of those who drove the world economy into the ground even more galling than it already is. By allowing these behemoth financial institutions to … — Mon, 25 Feb 2013 18:30:00 -0800
“Now they’ve had the weak (PMI) number from China, and if he says too much about global growth being weak…it’s not clear the markets will react too favorably towards that.” The Fed chairman is expected to defend the Fed’s quantitative … — Mon, 25 Feb 2013 17:42:00 -0800

EU Doesn't Like Its Forecasts

EU Doesn’t Like Its Forecasts

Those European Commission forecasts envisage a general improvement in economic scenario for 2014. — Sun, 24 Feb 2013 20:16:00 -0800
… the Asia Society’s Partnership for Global Learning, a national network of practitioners and policymakers whose focus is to increase the number of U.S. students graduating ready for college and career and prepared for a global economy. — Sun, 24 Feb 2013 21:23:51 -0800
Knowledge of arithmetic is a skill in short supply for people involved in economic policy debates. This is especially the ….. Meltdown – The Secret History of the Global Financial Collapse.2010.1of4.The Men Who … — Sun, 24 Feb 2013 21:18:02 -0800
Who caused the global financial crisis? An inconvenient truth. Posted on February 25, 2013 by uwastatemagazine Leave a comment. By Vinay Kolhatkar. You have heard this before, a million times in the past five years: American banks … — Sun, 24 Feb 2013 21:00:48 -0800


Limiting it, they warn, would impair profitability and weaken the country’s position in global finance. So what if we told you … It’s also crucial to understanding why the big banks present such a threat to the global economy. Let’s start with a bit of … — Sun, 24 Feb 2013 00:27:00 -0800


What I Would & Would Not Teach College Students About Finance – Most of Friday I spent as judge at the Global Investment Research Challenge for Washington, DC and Baltimore. I really like working with students. They a… Economy View … — Sat, 23 Feb 2013 22:59:00 -0800
This is mostly to provide Indian Economy related news that is published in various newspapers under one umbrella. My own write ups will … The global financial crisis has, in its wake, seen the always cautious RBI turn even more so. And, the … — Sat, 23 Feb 2013 22:59:00 -0800
Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Sat, 23 Feb 2013 22:11:00 -0800
Still, the increases followed a weak stretch in demand for those goods that had raised concerns about companies’ confidence in the economy. And with Americans … VIDEO: Global National – Canadians losing confidence in RCMP: poll. Posted on Feb 24th, ….. Upon’s “Friends & Allies” page, an extensive list of human rights and environmental racketeers can be found, all either linked, or directly connected to big-oil, big-finance, big-agri, and big-defense. The World Wildlife … — Sat, 23 Feb 2013 21:18:02 -0800


Shadow chancellor Ed Balls says: The decision is a humiliating blow to a prime minister and chancellor who said keeping our AAA rating was the test of their economic and political credibility. UK, the country of Tories and Whigs, … The main symbol of Britain’s global might, London found financing for some of the earliest and most prominent multinational companies, and has had greater influence on global finance than Westminster has had on geopolitics. Moody’s cites the challenges … — Fri, 22 Feb 2013 23:43:00 -0800
Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious metals. Other macro discussion … — Fri, 22 Feb 2013 23:39:00 -0800
Although this appears to be a European problem, any wavering in the stability of the European Union will have widespread effects on the global political economy. In this post I examine eurosceptiscm from an American standpoint, and assesses how and why … What once seemed to be a mere financial grumbling of the Conservatives has become a popular prediction for some economists. While the British are considering decreased relations with Europe, it may be useful to consider … — Fri, 22 Feb 2013 23:30:56 -0800
Financial adviser Philip Rousseaux says the economy may be recovering, but some of the changes wrought by the Great Recession may be long-lasting: lower-than-expected earnings and investment returns, depleted savings, loss of jobs and income. …. Nouriel Roubini, the New York University economist noted for his pessimism and accurate prediction of the global financial meltdown, is worrying these days about the long-term impact of easy money policies by central banks. — Fri, 22 Feb 2013 21:37:01 -0800
These provisions were an important part of the powerful response launched by monetary authorities during the crisis to keep global financial markets open, curbing lofty dollar funding costs which had spiraled due to fear over counter-party risk. Swap arrangements were revised and extended in …. But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. Murray N. Rothbard. The curious task of economics is to … — Fri, 22 Feb 2013 21:27:00 -0800
… and we speak in a language that eliminates financial jargon. We are clear on the advice we give making sure the appropriate financial solutions fit in with your goals. … The gradual improvement in the global economic environment has supported commodities, though concerns about Italy’s election this weekend and talks in Washington over a package of budget cuts set to kick in on March 1 have helped limit gains. Silvio Berlusconi, seen as a threat by some investors to Italy’s fiscal … — Fri, 22 Feb 2013 21:08:24 -0800
SA finance minister will present the budget speech to Parliament on 27 February at 2pm. Chinese Foreign Minister Yang Jiechi on state visit to … As China’s GDP continues to expand and lead the global recovery, the newspaper aims to showcase for a worldwide audience real voices from across a transforming China, guiding it through the country’s fast-growing economy and ever-changing society, the newspaper said Friday in a briefing. The US edition also seeks to increase its … — Fri, 22 Feb 2013 19:28:11 -0800

Roubini warns US financial markets

… because this is a part of a coordinated global austerity slowdown in spending. ‘The core of the eurozone has to do it, the US has to do it…and when you have synchronized fiscal contraction the negative effects on economic growth are worse,’ he told Yahoo Finance TV. … ArabianMoney wonders if some of the weakness in global stocks this week is not down to the smart guys beginning to sneak out the back door. Posted on 22 February 2013 Categories: Banking & Finance, Global … — Thu, 21 Feb 2013 20:23:14 -0800

How many Shipping Conferences are there in 2013

Marine Money and Mare Forum have a ship finance conference happening somewhere most months. Ports are the next most … Asian carriers are now amongst the leaders in developing new strategies for the post-crisis global economy. — Thu, 21 Feb 2013 23:00:46 -0800
The capital flight, some 2.5% of Russia’s annual economic output, was controlled by “one well-organised group of individuals.” Mr Ignatiev told a Russian newspaper that the money … that then vanish before paying taxes. A study by Washington-based Global Financial Integrity found that an average of $62bn in income earned from corruption, weapons smuggling, human trafficking, and other illicit activities has entered or left Russia each year since 2004. Ref. … — Thu, 21 Feb 2013 22:32:56 -0800
Commentary on current economic and financial news. … Cross posted from his blog. For six decades Germany was being pampered by a hegemonic America that oversaw the write-off of its wartime debts, the reversal of Allied designs to de-industrialise it and, above all else, the constant generation of the global demand which allowed German manufacturers to concentrate on efficiently producing quality, desirable wares. Having taken all this for granted for too long, Germany’s elites … — Thu, 21 Feb 2013 22:23:23 -0800



A brief history of the Chinese growth model

I will come back to this issue of the financial system, but the point here is that there have been many versions of this development model, and at least two major economic theoreticians . — Wed, 20 Feb 2013 21:55:53 -0800
Study: Brazil fourth largest global economy by 2050. February 21, 2013, 4:54 am. High inflation rates threaten the health of Brazil’s exchanges [AP]. High inflation rates threaten the health of Brazil’s stock exchanges [AP]. If Brazil is able to … — Wed, 20 Feb 2013 20:54:59 -0800



CEO of Titan to France Minister of Industry: "How Stupid Do You Think We Are"?

I like it when people speak their minds. I like it even more when they are correct and they blast government officials at the highest levels. — Tue, 19 Feb 2013 16:45:00 -0800


However, since the 2008 global financial crisis, BRICS countries have been showing signs of struggling, with growth forecasts for this year cut by almost half. If oil demand continues to weaken due to their sluggish economic performance, … — Tue, 19 Feb 2013 22:11:53 -0800
Source: Globe and Mail History may not repeat itself, but the parallels between the world economy in the 1930s and the world economy today are becoming hard to ignore. Then, as now … The Great Depression entered its most virulent phase not during the financial crisis of 1929, but during the trade crisis that followed, when the U.S.’s infamous Smoot-Hawley Tariff of 1930 set off an escalating global trade war and splintered the world economy into rival regional blocs. World trade … — Tue, 19 Feb 2013 19:02:37 -0800
But in these days of deep global economic uncertainty, the power suits that frequent Davos have lost their mojo — and even feel pressured to address the global economic inequality they’ve so long tried to sweep under the rug. That pressure last week came from figures like Christine … Lagarde blasted outsized executive pay in high finance, attacked bankers for lobbying against new regulation, and called for more “robust social safety nets.” Oxfam, for its part, is calling for much bolder … — Tue, 19 Feb 2013 14:53:20 -0800

Fiscal Multipliers, A Cause Worth Fighting For

It was in the IMF’s October 2012 World Economic Outlook (WEO), in Box 1.1 with the title “Are We Understanding Short-Term Fiscal Multipliers” that Olivier Blanchard and Daniel Leigh presented for the first time the findings of their study into the impact of fiscal consolidation on economic … Even Finance Minister Yannis Stournaras inquired at the latest Eurogroup if the troika has a consolidated view in light of the newly discovered evidence and its implications for the Greek program. — Mon, 18 Feb 2013 22:49:02 -0800

The need for clean energy has returned to the top of the global economic agenda. China’s new leadership now seems to recognize that the thick, hazardous smog that has come to define Beijing and other cities is more than a pollution … — Mon, 18 Feb 2013 22:20:45 -0800
For the UK economy devaluation is a double-edged sword. On the one hand, it makes UK exports cheaper and ought to help the balance of trade, though that did not happen the last time sterling weakened after the global financial crash. — Mon, 18 Feb 2013 21:49:51 -0800
It suffered the world’s third-highest illicit capital flight from 2001-2010 — $285 billion — according to financial watchdog Global Financial Integrity, and topped Transparency International’s (TI) 30-economy bribery survey in 2012. “When 50 … — Mon, 18 Feb 2013 21:08:22 -0800
But it was only once its finally crossed the Alps and made its way to the Swiss factories of Nestle, the world’s largest food maker, did the horsemeat scandal truly go global. The FT reports that “the escalating horsemeat scandal … An economy beefburger can legally contain as little as 47% beef. Manufacturers add other cheap ingredients including ….. 02-19 2:39: Japanese finance minister Aso says JPY’s unexpected drop is the… 02-19 2:39: Market talk of bids in EUR/JPY in 124.50 … — Mon, 18 Feb 2013 18:44:18 -0800
China’s economic recovery is a sign that global demand will improve this year, Australian Treasurer Wayne Swan said ahead of a visit to Hong Kong where he will speak at the Asian Financial Forum. “I’m optimistic that 2013 will be a better … — Mon, 18 Feb 2013 17:17:02 -0800