We always knew that the financial markets were rigged, but this is getting ridiculous.
“Dr. Doom” Nouriel Roubini says the “perfect storm” scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
For a country that four years ago plunged into a financial abyss so deep it all but shut down overnight, Iceland seems to be doing surprisingly well.
With mounting budget deficits around the world, it is becoming almost impossible for governments to pay high yields on the sales of Treasury Bonds. Because of the economic uncertainty, banks interest rates have been almost nothing while in several ca
In response to my post Plunging New Orders Suggest Global Recession Has Arrived I received a couple of interesting emails from readers, one from the US, the other from an employee of the world's largest automotive parts manufacturer.
Good morning. Here's what you need to know.
France enjoyed a boost in investor confidence with a successful bond auction Monday - but also got a warning from the president that growth so far this year is "nil" and that the country needs to rethink its social model.
With Spain’s borrowing costs climbing again to critical levels, European finance ministers decided to speed up their promised bailout for the country’s troubled banks, while also giving the cash-tight government more time to rein in its budget defici
The number of minors who are employed in Turkey amounts to 49 percent in the age group 5 to 17, alarming research by DİSK-AR, the research center of the Confederation of Revolutionary Workers’ Unions (DİSK), has shown.
Wait, wait, This just in: We do have the Family Medical Leave Act (FMLA) which provides us with the legal right to request unpaid medical leave. Well not quite. You have to work at an employer with 50 or more employees or work in the public sector, a
Stock index futures slipped on Monday, putting the S&P on pace for its third consecutive decline, after economic data in Asia pointed to a slowing of global economic growth.
Good morning. Here's what you need to know.
The God Particle has been discovered!
Jim O'Neill has been bullish on the U.S. economy for a long time. And he continues to be bullish.
The euro zone's plan to let the European Central Bank supervise its biggest banks requires governments to give it unambiguous powers, sets a highly ambitious timetable and poses potentially dangerous conflicts of interest.
Soaring sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home
Concerned about waning economic growth, central banks in Europe and China announced measures to increase borrowing and spending by businesses and consumers, a response that was all the more striking because it was uncoordinated.
Japan's government could run out of money to fund this fiscal year's budget by the end of October, the finance minister said, as a standoff in parliament over a deficit financing bill threatens to wreak havoc with the country's finances. The defic
There are certain currencies out there that are generally thought to be related to the price of oil.
Much of what is written for the Gold Market update applies equally to silver, so it will not be repeated here.
The Fall of the Communist Dynasty and The Looting of China touched on the widespread fraud that has become apparent, both in mainland and US listed Chinese companies.
The Brazilian real slid for a second straight session on Wednesday, one day after a central bank official suggested policymakers were not comfortable with the currency's recent gains, while the Mexican peso inched lower in sync with the euro.
What I am saying is that the fundamentals of the global economy have actually never been better and I would have not expected to write these words so soon back in 2008. Governments need to merely pay attention to business and voters need to remove th
A hearing at Germany's version of the Supreme Court, to be held on July 10, could destroy all the optimism from the last EU summit.
Blackstone's Byron Wien is up with a new column, wherein he relays a conversation he had with someone he only refers to as The Smartest Man In Europe.
On Friday, June 29th, German Chancellor Angela Merkel acquiesced to changes to a permanent Eurozone bailout fund—“before the ink was dry,” as critics complained.
Many are the events, signals, and telltale clues of a real live actual systemic failure in progress.
You can only stretch a rubber band so far before it snaps back or is torn, so too is the case with government indebtedness. There eventually comes a point when the road ends and the can hits a brick wall. It appears that Japan is rapidly approaching
"A major financial and economic catastrophe in Europe is unavoidable. From there, it's likely to spread out to the whole world."
Art Cashin: Director of Floor Operations for UBS Financial Services. Art has over 50 years of Wall Street experience, which gives him the ability to offer valuable insights to investors and traders. (Understanding the EU and the Future of USA)