The entire country is in the grip of a depression. Everything seems to be going downhill. The spiral is continuing unabated, and there is no clear way out. The worse part, however, is the fact that hardly anyone still hopes that things will improve..
The British Empire's messengers continue to bark out orders to their Obama administration in Washington, that he has to hyperinflate the financial system like there is no tomorrow. After all, it worked really well for Weimar Germany, didn't it?
#1 His basic gist on stocks: Given my outlook on the world, I don't know how you can be long stocks. #2 Japan is toast due to their massive debt and changing demographics. For a long time, Japan has been self-funding, but that's coming to an end.
China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S.
Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery.
Ireland has the fourth highest unemployment in the EU (13.4%), with 432,500 people on the dole; one in three of the working population under 30 is unemployed. And unemployment would be even worse were it not for the return of emigration.
The Emerging Middle Class in Developing Countries by Homi Kharas of the Brookings Institute Middle class definition used is those spending $10-100 per day. Some interesting things to notice is that the projection is for the world economy to get to 20
Fannie, Freddie Next? Of course the implications of this decision are massive, as it takes out all the guess work of whether insolvent institutions are or are not on the government's balance sheet.
You surely didn’t think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man’s hand, a revival of a 60-year-old idea of a global paper currency
The dollar edged toward a 15-year low against the yen on Wednesday after the Federal Reserve moved to bolster the weakening U.S. economy, while technology plays dragged Asian stocks lower.
IMF report, entitled “Reserve Accumulation and International Monetary Stability,” offers very specific proposals which — not surprisingly — would involve handing it massive new powers over the global economy.
Asian markets slid Tuesday on signs China's economy continues to slow and ahead of a Federal Reserve meeting that may bring new measures to prop up sputtering U.S. growth.
When Americans look to Canada, they generally think of an ally, though one dominated by socialist economic policies. But the era of left-wing Prime Minister Pierre Trudeu no longer exists and America's northern neighbor has transformed itself.
This trend of never leaving home has sparked an almost tragicomical countertrend of Japanese parents who actively seek mates to marry off their "parasite single" offspring as the only way to get them out of the house.
A cattle raid in Southern Sudan possibly sparked by the region's high bride price — 100 cows or more — left 21 people dead, an official said. Cattle raiders attempted to steal hundreds of cattle from a camp in Southern Sudan's Yirol East region, but
The U.S. financial system remains fragile and banks subjected to additional economic stress might need as much as $76 billion in capital, according to the results of International Monetary Fund stress tests.
China has overtaken Japan to become the world's second-largest economy, the fruit of 3 decades of rapid growth that has lifted hundreds of millions of people out of poverty. China is on course to overtake the USA and vault into the No.1 spot around 2
Let's call a spade here. I have an annual subscription for Skype Pro. They just cut me off. Are we talking class action lawsuit?
Doomsayers say the world will end not the biblical way but the economic way. Doomsday will come through the printing of too much Obama paper money! It is here: “ ChinaRead Letter
What's odd about this scenario? German business confidence is soaring while U.S. consumer sentiment sinks. Britain's second-quarter economic growth was almost twice as fast as expected, the strongest in four years. Meanwhile, economists have
Is something (abnormally) fishy in the state of precious metals manipulation? ...after Adrian Douglas observation that the LBMA has decided to block "access to statistics relating to the trading activities of its member bullion banks.
The answer to the question you pose below is a bit lengthy but what it essentially means is simple: This is the end of the beginning and the beginning of the end.
The first phase began with the Bretton Woods agreement in 1944 and the expansion
Moody's cut Ireland's credit rating, warning the country still faces a slow climb out of recession after nearly two years of austerity as the cost of rescuing its banking sector mounts. The rating agency's one-notch drop to Aa2 came a day ahead of a
The dollar fell the most against the euro in 14 months and dropped to the lowest level this year versus the yen as economic reports added to evidence that the U.S. recovery is losing momentum.
Asian stock markets fell Monday after U.S. consumer confidence plunged and corporate results fell short of expectations, signs the world's biggest economy may be in danger of falling back into recession.
The IMF and EU suspended on Saturday a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.
The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts, is headed towards a sharp slowdown this year as the effect of these measures wanes.
VIDEO July 16 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, says he's "convinced" the Federal Reserve will soon implement "massive" quantitative easing policies. Bloomberg's Sara Eisen reports.
But there was another message, too, sent through the Canadian police: “If you don’t like it, how about a rubber bullet?” It looks like G-20 countries will deal with opposition to their plans through martial law and police brutality.
The record slaughter of shippers continues as the BDIY posts the largest overnight drop of 4.5% in the most recent 34-consecutive day trounce in dry bulk shipping rates.