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Give a chance to Greece

But she insisted that “the overall picture has to fit” – meaning the reforms must be capable of putting the Greek economy and government finances back on a course towards stability – as Greece has obliged itself to do. The Eurogroup could … — Tue, 31 Mar 2015 00:14:19 -0700

Oil production in US

Banks have been told to prepare for a global financial crisis triggered by a serious slowdown in the world’s largest emerging markets, including China and Brazil, that would cause their biggest business customers to collapse. … BoE stress tests to focus on Asia and the Eurozone: A sharp economic downturn in Asia and the Eurozone, falling commodity prices and illiquid financial markets will form the backdrop to the Bank of England’s stress tests for the UK’s biggest banks this year. — Mon, 30 Mar 2015 22:55:00 -0700

Volvo Cars to invest in US

PARIS (Reuters) – Volvo Cars will invest $500 million in its first U.S. assembly plant under plans announced on Monday, plugging a longstanding gap in the Swedish carmaker’s manufacturing base as it pursues a global comeback under … — Sun, 29 Mar 2015 21:02:38 -0700

Parachutes and Stock Markets

“Goldman Sachs Group Inc. said the U.S. stock-market rally may last at least another 2 1/2 years, sending the Standard & Poor’s 500 Index (SPX) up 26 percent to 2,100. … — Sat, 28 Mar 2015 12:11:27 -0700

Maladjusted Economy

Generally speaking, global policy is pro-Bubble – pro-Credit Bubble, pro-securities market Bubbles, pro-wealth redistribution and pro-global Bubble-induced financial and economic maladjustment. It is pro unsustainable divergence between … — Fri, 27 Mar 2015 19:28:34 -0700


An illuminating piece from Der Spiegel: Posted by Vivek Jayakumar at 6:11 PM. Labels: Global Economy · Older Post Home … — Fri, 27 Mar 2015 15:11:00 -0700

Trade deficit with China

The U.S.’s trade deficit with China is at an all-time high. In 1985, it was a modest $6 million; jump forward 20 years, and now it’s an enormous $342.6 billion. What occurred within these last 20 years that caused such a huge spike in our trade … — Fri, 27 Mar 2015 03:00:57 -0700

Oil at $20?

A strengthening dollar and economic weakness in Europe and China could drive crude prices as low as $20 per barrel, according to Raoul Pal of The Global Macro Investor newsletter.— Wed, 25 Mar 2015 17:58:12 -070 0

Driveless cars

Last month, the UK became the first country in the world to launch government-funded trials of driverless technology, with tests currently being piloted in six locations around the country including Greenwich, Bristol and Milton Keynes. — Wed, 25 Mar 2015 23:30:26 -0700

Oil Price

With oil prices below the economic threshold needed by industry to make money and that the province requires to collect meaningful royalties, Mr. Prentice has the crisis he needs for meaningful change. — Tue, 24 Mar 2015 17:30:31 -0700