The World Bank forecasts slower…
The UK economy is primed…
While the United States and Europe fret over huge deficits and threats to a so-called recovery, this region has a surprise in store. Latin America, beset in the past…
Global currency traders remain puzzled by the continuing strength of the yen (FXY), (YCS), which broke out of a ¥90-¥95 range a few weeks ago and insists on levitating around…
China has already surpassed the US in the global competition sweepstakes and is on track to extend its lead. No, I'm not talking about some pie in the sky 2030…
For years, Chinese leaders looked to the millions of poor workers from the country’s interior as the engine of a roaring export economy. They would move to coastal provinces, toil…
The global economic system which easily facilitates tax evasion, money laundering and government corruption, is the same system employed by gun runners, drug cartels and terrorist groups to perpetuate their…
China's strengths get relentless coverage, its headwinds less so. We all know China's strengths: hard-working populace, high savings rate, a so-far wildly successful marriage of Central State-managed economy and several…
As a commercial pilot with 30 year's experience, I can tell you that there is no more sickening feeling than hearing your stall warning alarm during a takeoff. That is…
China has just signed a trade agreement with its rebellious, capitalist province, Taiwan, which has major long term implications for the rest of us. The deal has China chopping import…
The truly significant move in the capital markets last night was the atrocious performance of the Shanghai market (FXI), which plunged 3.4%. The index is now off more than 30%…
$12 billion is 1.1% of $1.127 trillion. These are important numbers. And the gap between them is even more critical. According to testimony by U.S. Treasury Secretary Tim Geithner before…
The great thing about the residential real estate market is that it floods us with tons of hard data. The bad news is that all of these tea leaves have…
I am not in the habit of regularly lifting data out of the Wall Street Journal, but even a blind squirrel occasionally finds an acorn. I was tempted by the…
Goldman Sachs' chief US economist, Jan Hatzius, can articulate my own view of the economy better than I can, so I will just repeat what he said yesterday. The boost…
The good news, apparently, is that Chinese exports are up. Bloomberg reported this week that a rally in oil and metals prices was triggered by news of an export jump…
There definitely appears to be something going on with global bulk shipping. I mentioned last week that shipping rates (as measured by the Baltic Dry Index) for Capesize vessels have…
A slow-growth real economy has been replaced with a credit-based speculative financial economy dependent on low interest rates and systemic fraud to survive. It is now imploding on a global…
Anyone who believes that housing is on the rebound, and that now is the time to buy, should take a very hard look at the numbers I dredged up for…
The financial world is coming unglued again. Greece has pushed the E.U. to the brink. Global stock markets are tumbling. And yet, at the same time at least one economic…
You often hear the expression that a camel is a horse designed by a committee. The dromedary that the European Central Bank has is spitting mean and ill tempered. Europe…
For several months now the eyes of world are focused on Greece, the “weak link” in the eurozone economy, as the country is fighting to survive against bankruptcy over soaring…