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Venezuela Takes Unprecedented Action To Stabilize Currency

Venezuela Takes Unprecedented Action To Stabilize Currency

Venezuelan President Nicolas Maduro has…

Stock Market Chaos Sparks Oil Selloff

Stock Market Chaos Sparks Oil Selloff

Global markets took a beating…

Finance / the Economy

Japanese commercial banks are hurting. Will the government step in with more bailouts?

Japanese commercial banks are hurting. Will the government step in with more bailouts?

Apr 30, 2010 at 11:27 | Dave Forest

Sometimes the briefest bits of information are the most critical. The Bank of Japan today put out its usual one-page summary for the April meeting of its Policy Board. The…

Greece Debt Crisis: No Way Out?

Greece Debt Crisis: No Way Out?

Apr 23, 2010 at 19:00 | Dian L. Chu

As if Greece did not already have enough problems. The market was already jolted by the Goldman SEC case. Then, it was the cloud of volcanic ash from Iceland postponed…

Is There an Asset Bubble in China? The IMF Doesn't Think So

Is There an Asset Bubble in China? The IMF Doesn't Think So

Apr 21, 2010 at 19:00 | Dian L. Chu

Olivier Blanchard, chief economist at the International Monetary Fund (IMF), talks with Bloomberg this morning about the prospects for an asset bubble in China.  Blanchard, speaking from Washington, also discusses…

The Search for a Reserve Currency

The Search for a Reserve Currency

Apr 18, 2010 at 19:00 | Gregory R. Copley

Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of…

China's Towers and US McMansions: When Things Fall Apart (Literally)

China's Towers and US McMansions: When Things Fall Apart (Literally)

Apr 13, 2010 at 19:00 | Charles Hugh Smith

Shoddy construction throughout the world, but especially in China and the U.S., is a type of mal-investment, and it will have consequences. Everybody seems to know about China's real estate…

Outstanding Loans in US Commercial Banks Jump by $420 Billion in One Week

Outstanding Loans in US Commercial Banks Jump by $420 Billion in One Week

Apr 12, 2010 at 19:00 | Dave Forest

I thought I was seeing things yesterday. The Federal Reserve released its weekly numbers on U.S. bank lending. And it looked like there had been some kind of mistake. Outstanding…

The End of European Expansion and the Coming Debt Wars

The End of European Expansion and the Coming Debt Wars

Apr 07, 2010 at 19:00 | Business Insider

Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are more…

Are We Heading for a Decade of 1970s Style Stagflation?

Are We Heading for a Decade of 1970s Style Stagflation?

Apr 06, 2010 at 19:00 | Charles Hugh Smith

Four key factors in the 1970s were very different from present conditions, and that argues against 1970s-style stagflation as a model for 2010-2020. Sometimes history rhymes--but only for the first…

U.S. Will Lose a Trade War with China

U.S. Will Lose a Trade War with China

Apr 05, 2010 at 19:00 | Michael Pento

In light of the number of manufacturing and goods producing jobs lost in America over the past decade, it’s no wonder why many in Washington and on Main St. are…

The U.S. Government Will No Longer be Propping up the Mortgage Markets. Supposedly

The U.S. Government Will No Longer be Propping up the Mortgage Markets. Supposedly

Apr 02, 2010 at 18:39 | Dave Forest

For over a year, the Federal Reserve has been pouring money into American mortgages. Buying "mortgage-backed securities" (MBS), financial instruments whose value is based on a pool of underlying mortgages.…

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