It's almost difficult to believe, but just 8 years ago, in 2007 and right before the world was swept in the worst financial crisis in history, China had only $7.4 trillion in debt, or 158% in consolidated debt/GDP. Since then this debt has risen to o
Here's How You Know The Economy Is Not Growing Fast Enough ... The Federal Reserve is acting cautiously. If they're concerned, chances are you should be, too.
Peter Schiff highlights the drop in the Leading Economic Indicators as we may be getting closer and closer to a new economic recession.
Last week it was all about central banks, when both the ECB and the PBOC unleashed a massive market rally. This week it will be about even more central banks, this time the Fed, which won't hike, and the BOJ, which may but most likely won't as the Fe
Over the next six months, Barcelona's left-wing city council plans to roll out a cash-less local currency that has the potential to become the largest of its kind in the world.
Here Is The Answer
Not even the mighty Middle East can survive cheap oil forever.
The Rockefeller Brothers Fund stunned the world just over a year ago. The foundation that was built on a Big Oil fortune announced that it would no longer invest in fossil fuels.
Together with Greece briefly soaring to prominence over the summer (only to fade into perpetual obscurity in its new role as Germany's certified Mediterranean colony), the biggest event of this past summer -
Central-bank stimulus and strong earnings from the largest technology companies combined to give U.S. stocks their fourth straight weekly gain and propel the Standard & Poor's 500 toward its best month since 2011.
Crude oil's collapse is bringing back memories of the decade of low prices that started in 1985 when Saudi Arabia began targeting market share.
The rebound in Chinese equities spurred by the government's efforts to boost growth will probably fade as the measures underscore fundamental weakness in the world's second-largest economy, according to Barclays Plc, Blackfriars Asset Management
Fresh on the heels of an ECB announcement of more QE and the further lowering of the excess reserve rate already at -0.2%, China Nervously Joins Global Easing Campaign.
Nothing much to report from the stock market yesterday. Investors are regaining their calm.
Janet Yellen and Mario Draghi will end the year shaping each other's decision making.
China stepped up monetary easing with its sixth interest-rate cut in a year to combat deflationary pressures and a slowing economy, moving ahead of anticipated fresh stimulus by central banks from Europe to Japan and possible tightening in the U.S.
Says Stocks Will Crash In November
The numbers are in. The markets don't like them and the Street doesn't believe them.
A few charts help us grasp the magnitude of the four global time-bombs.
Most cats bounce at least once when they die, but not this one: after CAT posted its first annual drop in retail sales in December of 2012, it has failed to see a rise in retail sales even once.
In the past few months, Citi's chief economist Willem "Gold is a 6000 year old bubble" Buiter, has been making increasingly more hyperbolic and grandose predictions about the future, which doesn't make them wrong.
As crazy as it sounds, the Saudis are going broke.
In writing about China yesterday, we emphasized how sooner or later the economy was going to unravel further, following on the heels of its disastrous market drop - and that China's difficulties were a direct result of the Western, central bank mod
Argentines will elect a new president on Sunday, and a major issue is whether the new leader will finally end the country's fight against New York hedge funds.
When the global economy is doing well, the amount of stuff that is imported and exported around the world goes up, and when the global economy is in recession, the amount of stuff that is imported and exported around the world goes down.
In 2015, a picture of a Chinese fruit vendor trading stocks with a laptop at his stall went viral on social media. The number of Chinese with margin trading accounts -- in which investors are extended huge amounts of credit to bet with -- had explo
Malaysia, Indonesia, Sweden, Norway, and ... New Zealand?
After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output.
Since October 2014, the Swedish National Bank, also known as Riksbank has cut its interest rates below zero. That means that for well over a year the people of Sweden have been paying the banks to keep their accounts and credit cards accessible.