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Global economic data releases 31 July 2014 — Wed, 30 Jul 2014 22:45:18 -0700

Ripples will be felt across global markets today. Like the crash in the Dubai Financial Market last month this is a warning perhaps of bad things to come in other financial markets. Sovereign debt defaults usually have serious consequences, … — Wed, 30 Jul 2014 22:17:54 -0700

Russia faces more sanctions…

On Tuesday, the US announced new economic sanctions against Russia, widening their scope to include three key sectors of the economy – energy, arms and finance. The EU is also expanding its sanctions, targeting the oil sector, defence … — Wed, 30 Jul 2014 20:47:00 -0700

Mike Paterson has more than 30 years of experience trading FX including as a senior trader with UBS and Credit Suisse. He was also head of FX at the State Bank of Victoria. With sizeable daily trading volumes Mike carved out a name in the … — Tue, 29 Jul 2014 21:50:25 -0700

As the Wage-Profit Conflict Sets In, Troubles Deepen for Global Capital

The ECB is pursuing an inflation target of 2% with a dogmatic belief that “this is he rate at which agents [read this as financial speculators and the rentiers] will not be affected in their economic decisions.” To this end, it utilizes three sets of interest rates: … world” is neither saving nor investing. As the two graphs below reveal, the developed economies of the globe seem to have shunned the accumulation of real capital, in favor of the debt-driven speculative games of the global casino. — Tue, 29 Jul 2014 23:00:16 -0700
Leonid P. Moiseev, Russian Federation’s Ambassador to Singapore, says the country may retaliate with visa restrictions and economic sanctions. Energy is not on the agenda … News Feeds: Arabian Financial News · Global Financial News …
As the looming outbreak of World War I became more and more imminent when Austria made an ultimatum to Serbia in the last week of July 1914, the resulting fear in global markets set off a massive financial panic. Investors, fearing unpaid debts, pulled … of the postwar financial world. That may have informed his responses as much as the immediate desire to avoid economic collapse; certainly, refusing to abandon the gold standard was driven by a need to remain credible globally. — Tue, 29 Jul 2014 21:59:37 -0700
A BP Statistical Review of World Energy June 2014 report said Qatar currently contains the highest deposit of natural gas with 24.7 trillion cu/m with Saudi Arabia next in line containing 8.2 trillion cu/m in the region. Bob Dudley, group chief … — Tue, 29 Jul 2014 21:37:00 -0700

Another light day on the data front but there’s some interesting price action and opportunity to be had with USDJPY and USDCHF both threatening to break higher but capped by strong offers, while GBPUSD and EURUSD have also capped … — Mon, 28 Jul 2014 22:30:09 -0700
The Hang Seng China Enterprises Index has risen more than 20 percent from this year’s low as government stimulus boosts investor confidence in the world’s second-largest economy. Satellite photos show … Financial companies surged in Hong Kong and the mainland after a Reuters report that Bank of Communications Co. applied for a mixed-ownership trial and an agreement by Shenyin & Wanguo Securities Co. to acquire Hong Yuan Securities Co. Industrial & Commercial Bank … — Mon, 28 Jul 2014 22:19:26 -0700
The BRICS (Brazil, Russia, India, China and South Africa) are gaining in economic power and crave the political clout to match, but standing in the way is a global financial system organized by the West and dominated by the U.S. They’re … — Mon, 28 Jul 2014 20:01:00 -0700
He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of … — Mon, 28 Jul 2014 18:41:37 -0700
Graphene has the power to change economics. It has the … The world wants to reduce carbon emissions. … If you’d like to know more about Jason’s financial world view and investing philosophy then we recommend you join him on Google+. — Mon, 28 Jul 2014 18:27:52 -0700
As this report from the Financial Times shows, despite all the fears about collapse, China’s economy is going full throttle: ‘Nissan … If you’d like to more about Kris’ financial world view and investing philosophy then join him on Google+. — Mon, 28 Jul 2014 18:01:12 -0700
Odds are, there’s a virus living inside your gut that has gone undetected by scientists for decades. A new study led by researchers at San Diego State University has found that more than half the world’s population is host to a newly described … — Mon, 28 Jul 2014 17:57:15 -0700

Britain has suffered a number of setbacks in Europe of late, from the passage of financial services regulation it opposed to the recent selection of Jean-Claude Juncker as the next European Commission President. Anthony Salamone argues … Other economic portfolios, such as competition or trade, would also suit the government’s current focus. One can hope that … The UK is known for its global diplomatic role and extensive experience in international relations. It needs to bring this … — Sun, 27 Jul 2014 23:30:35 -0700
The government had hoped to collect several hundreds of millions of Euro with the sale of the shares in a move which was welcomed by the Dutch Finance Minister and President of the Eurozone Jeroen Dijsselbloem in December 2013. Progress with the programme of privatisation was seen as one of the milestones against which the Greek …. international politics from the margin · Venceremos Chile: A journey through metaphor and memory · Chinese labour in the global economy. — Sun, 27 Jul 2014 23:30:00 -0700
To gauge just how comfortable the world of debt has gotten, consider: — Bond buyers handed $2 billion last month to Ecuador, whose socialist president forced a default during the financial crisis while calling creditors “true monsters. — Sun, 27 Jul 2014 22:47:00 -0700
Since I have already expressed by preference in the world of rankings and awards I may as well try to put forward an argument for national think tank awards modelled after the Prospect Magazine Think Tank of the Year Award. ….. for the top UK think tank went to the Institute of Fiscal Studies, who also won the prize for the economics and finance category. This is what the Prospect panel had to say: Economic and Financial Think Tank of the Year. Shortlist: Institute of Economic Affairs. — Sun, 27 Jul 2014 22:33:09 -0700
By Naomi Oreskes, a history of science professor at Harvard University, and co-author, with Erik Conway, of Merchants of Doubt: How a Handful of Scientists Obscured the Truth on Issues from Tobacco Smoke to Global Warming. She is ….. As long as gas is cheap, the economic incentives to avoid waste are obviously insufficient. … A recent article by the business editor of the British Telegraph describes a frenzy of fossil fuel production that may be leading to a new financial bubble. — Sun, 27 Jul 2014 21:59:43 -0700
Financial Markets. Here at The Daily Reckoning we don’t propose to tell you what the financial news is. You can find that out anywhere. Instead, we try and tell you what news on the World and Australian markets are worth paying attention to – and what it might mean for your investments. …. Be on guard for a veritable invasion of economic data this week! … As the leader of the world’s fourth-most-populous country, let’s hope he builds a good working relationship with Tony Abbott. — Sun, 27 Jul 2014 21:37:35 -0700

The power of the almighty dollar has allowed all of us living in the United States to enjoy an extremely high standard of living for decades, but as that power now fades it is going to have profound implications for the U.S. economy. In future years the value of the dollar will go … French finance minister Michel Sapin says “now is the right time to bolster the use of the euro” adding, more ominously for the dollar, “we sell ourselves aircraft in dollars. Is that really necessary? I don’t think so. — Fri, 25 Jul 2014 22:49:25 -0700
A viable solution to the current global financial morass is an international cashless currency of equal value worldwide based on the Trade Weighted Index would eliminate the need for the Bank of International Settlements. I suggest, that an online and global banking structure controlled by each nations’ judiciary would stabilize the global economy while promoting integrity, fairness, efficacy and good practices. This concept also has the advantage of issuing trading accounts only to … — Fri, 25 Jul 2014 21:50:00 -0700
Using long-term forecasts of economic growth from the IMF/World Bank staff Debt Sustainability Analyses for a panel of countries, we show that the baseline forecasts are more optimistic than warranted by past international growth experience. — Fri, 25 Jul 2014 20:44:19 -0700

Global economic data releases 25 July 2014
Good day everyone !

While the economic impact of scrapped development projects on Russia would be minor, the opposition to World Bank support could prove painful if Russia needed a rapid disbursement from the bank, said Morris, a senior associate at the Center for … The International Finance Corp., the World Bank’s private-sector arm, voted May 29 for parts of a 250 million euros ($337 million) package enabling French grocery retailer Groupe Auchan SA to expand in Russia, Vietnam and other … — Thu, 24 Jul 2014 23:00:00 -0700
IMF’s chief economist, Olivier Blanchard, warned a default could hurt both the Argentine economy and the global financial system. “If it goes into default and doesn’t pay the holdouts, there might be substantial costs, being basically unable to … — Thu, 24 Jul 2014 22:55:28 -0700
Demand for financial data helps boost Reed Elsevier: A recovering global economy, combined with increased demand for financial data, gave Europe’s largest media company a boost in the first six months of the year. Sweet-makers warn of … — Thu, 24 Jul 2014 22:52:00 -0700
IMF officials say they are watching financial markets closely as the disconnect between the summer melt-up in the stock markets and the reality of a very weak global and US economy are obvious enough. The UK emerged as the surprise … — Thu, 24 Jul 2014 22:33:19 -0700
‘Australia’s top Treasury and regulatory chiefs are concerned record low interest rates could destabilise the financial sector amid predictions many homeowners will struggle to service their share of the nation’s $1.4 trillion in mortgages when interest rates start to rise. ‘Treasury secretary Martin Parkinson indicated the global monetary ¬policy stimulus, which has driven mortgage rates below 5 per cent for the first time, was raising the risk of a repeat of the 2008 crisis.’ So stop lowering … — Thu, 24 Jul 2014 22:26:45 -0700

Global economic data releases 24 July 2014
Global economic data releases today. … Jargon, Comments, About. Search: Current Forex Market SessionClick a city for session articles. London · New York · Sydney · Tokyo. GMT. RSS · Twitter · Facebook · Google · LinkedIn · Financial Juice … — Wed, 23 Jul 2014 22:32:03 -0700

$200 per barrel oil
if Russia sanctions escalate (July 23 2014) If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics. Cutting off trade with… … The US just implemented a new round of sanctions, targeting Russia’s energy, finance, and defense sectors. On Thursday, the EU will broaden its … — Wed, 23 Jul 2014 22:51:28 -0700

BOJ’s Kuroda says Japan is dealing with some significant demographic challenges
it’s important to establish regional safety nets in Asia to prepare for possible external shocks; current global accommodative financial conditions raise the possibility of unhealthy global capital inflows into Asian economies; Asian countries … — Wed, 23 Jul 2014 22:50:45 -0700

The real costs of sanctions on Russia
… the energy markets are global, everyone will be hurt. As anyone in the Producer Classes can tell you, there is simply no better way to crash the global economy than to raise the price of energy. … From the car plants of Germany to the finance houses of the City of London and French defence firms, there has been pressure on politicians to be wary of provoking Vladimir Putin into retaliation that might rebound on the west. “The possible involvement of Russian-backed separatists in … — Wed, 23 Jul 2014 22:39:00 -0700

Vulture Funds trump Argentinian sovereignty
He is a distinguished research professor of economics at the University of Missouri-Kansas City. His upcoming book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy. Thank you both for joining … — Wed, 23 Jul 2014 21:46:38 -0700

Global economic data releases 23 July 2014
Data wise the key risk event comes from the release of the BOE MPC’s minutes from the last meeting then Carney himself steps to the rostrum a little later at the Commonwealth Games Trade and Investment conference in Glasgow. — Tue, 22 Jul 2014 21:56:33 -0700
So where would super bear Marc Faber actually invest now
A curiously positive CNBC video interview with Dr. Marc Faber this morning whose not only buying gold. He likes Chinese stocks and ‘anything to do with agriculture’. However, Dr. Doom sticks by his prediction that global financial markets will … — Tue, 22 Jul 2014 21:34:40 -0700
The Climate Protection
Michael Heise, Chief Economist at Allianz SE, made a similar point in a piece authored for The World Economic Forum blog, stating: “The future of the world’s climate will be decided in our cities. … participants stay ahead of breaking news, participate in high-profile events and enjoy access to the central hub of the industry community as it transforms in response to fast-moving changes in energy politics and regulation, deals with financial challenges and leads technological advances. — Tue, 22 Jul 2014 20:28:41 -0700
OPEC’s Two-Decade Ride on Global Growth Stalls
#Arabia and #EasternEurope Finance News. Having relocated from Arabia … “For the past two decades, growth in the global economy spelled higher revenues for the Organization of Petroleum Exporting Countries. Not any more. The CHART … — Tue, 22 Jul 2014 22:43:00 -0700

Gold futures gain on global cues  NEW DELHI: Gold prices rose 0.15 per cent to Rs 28,007 per 10 grams in futures trade today as speculators created fresh positions on positive cues from global markets. At the Multi Commodity Exchange, Gold for delivery in far-month October … — Mon, 21 Jul 2014 22:49:50 -0700
Global Growth Rate of GDP and Energy Use  Another slide from Wednesday’s opening lecture. It shows the tight correlation between the annual global economic growth rate and the growth rate of energy use. In all but one year, energy use grew more slowly than GDP implying a decline … — Mon, 21 Jul 2014 22:30:00 -0700

June global temp record broken  We will never be short of evidence for the fact of global warming. June just set the record for the warmest month in recorded history and Lake Mead, the reservoir behind the Hoover Dam (the project that made possible Las Vegas and much of … — Mon, 21 Jul 2014 22:03:00 -0700