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Finance / the Economy

Bank of England Governor: Global Economy is Back on the Precipice

Aug 16, 2011 at 08:04 | Ag Metal Miner

We don’t normally look to Mervyn King, governor of the Bank of England, as a luminary of the financial world. Not that Mr. King isn’t a clever fellow, but he…

Economics Will Never Be Value-Free

Aug 10, 2011 at 07:53 | Andrew Smolski

Lately, everyone seems to be acting like an economist. Whether they are screaming that Keynesians are destroying the economy, that the debt will be the downfall of the US and…

What the S&P Downgrade Means to you and Me

Aug 08, 2011 at 17:03 | Allen Gilmer

S&P lowered the US debt rating from AAA to AA+ on Thursday.  What does this mean to you and me? Well, S&P is only one of three debt rating services, and…

European Debt Crisis Now Takes Center Stage

Aug 05, 2011 at 07:26 | Stuart Burns

As US politicians put their debt crisis to bed, for the time being at least, all eyes switch to Europe. The European debt crisis is, in reality, any number of…

Putin Calls U.S. Economic Parasite

Aug 03, 2011 at 08:51 | John Daly

Don’t expect to see Russian President Vladimir Putin invited to the White House for a sleepover in the Lincoln Bedroom anytime soon. Vladimir Vladimirovich has committed the unpardonable diplomatic sin…

How Long Can the Spending in Afghanistan Continue?

Aug 03, 2011 at 08:26 | Economywatch

With all the debate in the United States over raising its debt ceiling, politicians and lawmakers are once again fighting over national spending. Democrats are sore that the US$2.4 trillion…

Jesters, Economics, and American Dollar Supremacy

Aug 01, 2011 at 07:18 | Andrew Smolski

The debt debate has been going on all summer, a 2 months and running theatrical experience of court jesters parading about while the United States economy teeters on the edge.…

GDP is Another Bucket of Cold Water

Jul 31, 2011 at 10:41 | Mad Hedge Fund Trader

Another bucket of cold water was thrown on financial markets on Friday with the shocking release of Q2 GDP of 1.3%. The whisper number prior to the release was at…

Something Extraordinary is Happening in the Russian Federation

Jul 28, 2011 at 08:21 | John Daly

Nine decades after Lenin and his Bolsheviks imposed Communism on the Russian empire and two decades after the implosion of the USSR, some of the country’s largest industrial conglomerates retained…

Debt Disagreement and the Need to Transition the Economy to Post Growth Mode

Jul 28, 2011 at 08:08 | Post Carbon

President Obama and House Speaker Boehner are both right, but they’re both tragically wrong. And unless they can somehow wake up and see why they’re wrong, we all lose—big time.…

China Slowing But Growth Remains Robust

Jul 21, 2011 at 07:58 | Stuart Burns

The latest set of data and various reports confirm that metals demand is strong and growing in China. Even as Beijing escalated efforts to close less energy-efficient and smaller smelting…

Fed Dissatisfied with Current Pace of Economic Recovery

Jul 14, 2011 at 07:56 | Top Stock Portfolios

The minutes from the June Fed meeting provided a little something for everyone as Fed officials discussed both an exit strategy and… drum roll please… the possibility of more quantitative…

Soros: Weaker Countries will soon be allowed to Abandon the E.U.

Jul 04, 2011 at 09:50 | Top Stock Portfolios

Billionaire businessman and prominent philanthropist, George Soros reportedly told Bloomberg that it is probable a country will exit the euro, as strategies are being implemented to allow economically weaker nations…

The Fifth Option: Is This how Governments Will Fix Their Debt Problems?

Jul 01, 2011 at 07:39 | Gail Tverberg

We have all read about the standard “fixes” for a governmental debt problem – (1) inflate your way out of the problem, (2) cut programs and/or raise taxes, and (3)…

China's Bad Debt and Slowing Growth

Jun 29, 2011 at 08:07 | Stuart Burns

What goes around comes around they say, along with other equally useless phrases like “all good things come to an end.” China has had a good financial crisis of that…

Greenspan: Greek Default Will Trigger Another U.S. Recession

Jun 23, 2011 at 07:39 | Top Stock Portfolios

European finance ministers, IMF officials and a coalition of other international institutions, are in the process of developing a new bailout program for Greece, as many maintain doubts as to…

The Bitter Medicine for the United States

Jun 22, 2011 at 15:32 | Mad Hedge Fund Trader

On a map, it appears that the United States is made up of 50 states. The fiscal reality is that we have 20. Portugal’s, 15 Italy’s, 10 Irelands, 3 Greece’s,…

Roubini: QE3 Will be With us Before the End of the Year

Jun 16, 2011 at 07:21 | Top Stock Portfolios

According to the latest Wall Street Journal economic forecasting survey, sluggish hiring along with a lowered estimate of job creation anticipated in the next year are the leading threats to…

The China View from 30,000 Feet

Jun 14, 2011 at 08:18 | Mad Hedge Fund Trader

I have long sat beside the table of Mckinsey & Co., the best management consulting company in Asia, hoping to catch some crumbs of wisdom. So, I jumped at the…

Renewed Crisis in the Eurozone

Jun 02, 2011 at 07:59 | Cumberland Advisors

Earlier this year it appeared that economic and financial policy officials were finally coming together with an effective approach to addressing the critical debt crisis in the smaller “peripheral” economies…

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