On Monday yet another big country adopted Crow’s strategy of a 2% target for inflation, this time Japan. The U.S., the biggest convert of all, came over last year. Truth be told, we weren’t the first to adopt inflation targeting as a central bank str
I was fortunate enough to guest host this morning on Surveillance on Bloomberg TV.
American progressives are fond of gazing across the pond at Europe and wishing the U.S. would emulate it. So as soon as President Obama started announcing from all reaches of the country that Congress "must" eliminate the debt ceiling, progressive ch
The big rally in European risk assets like stocks took a breather late last week.
In Switzerland, it's not just the clocks that are cuckoo. Over the past four years Swiss politicians and central bankers have gone on an unprecedented buying spree of foreign exchange reserves
Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.
The ever-increasing many who are struggling cannot support a structure that favours a tiny number of the very rich
It has come to this: Argentina has until November to change it's statistics on inflation and GDP or get kicked out of the International Monetary Fund.
Does a shadowy group of obscenely wealthy elitists control the world?
In the wake of the financial crisis, some have warned that the world was headed for a currency war as global central banks unleash easy monetary policy in their efforts to weaken their local currencies.
In our modern world there exist certain institutions of power. Not government committees, alphabet agencies, corporate lobbies, or even standard military organizations; no, these are the mere “middle-men” of power.
Migrants working in the United States sent a staggering $120 billion back to their families last year, it was revealed today.
Casinos bring in billions to Chinese territory that has eclipsed Las Vegas as gambling Mecca of world.
There are cash-strapped governments and there are broke governments. And then there's Zimbabwe, which, after paying last week's government salaries, has just $217 left in the bank. [a surplus!!!!]
European leaders spent the weekend in Chile meeting their Latin American counterparts - and talking up possibilities for investment on the old continent.
The peso, which has been boosted by Chile's robust economic growth and healthy prices for top export copper, ranked among the strongest foreign currency performers against the U.S. dollar among 152 currencies tracked by Reuters in 2012.
Iceland President Olafur Ragnar Grimsson tells Al Jazeera’s Stephen Cole that Europe should let banks that are ran “irresponsibly” go bankrupt. Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economi
How many European Union officials does it take to change a light bulb?
Every once in a while, since the economic crisis started, the phrase "currency wars" pops up.
"Why do we consider banks to be like holy churches?" is the rhetorical question that Iceland's President Olafur Ragnar Grimson asks (and answers) in this truly epic three minutes of truthiness from the farce that is the World Economic Forum in Davos.
While little has been said in the mainstream western press about the ongoing fiasco surrounding Siena's Banca Monte dei Pasci, Italy's third largest bank and the world's oldest which may get its third bailout in three years-
The hottest emerging economy for resources is Myanmar. It's been a previously ultra-closed society that's now starting to open up.
Inertia reigns as elite return to Davos ... The theme of this year's WEF Davos meeting is "Resilient Dynamism" ...
We live in a time of heavy fog. A time when, though many of us dissent and resist, humanity seems committed to a course of collective suicide in the name of preserving an economic system that generates scarcity no matter how much is actually produced
The cost of raising a child has hit an all-time high, according to a new report, heaping pressure on families already coping with cuts to child benefit.
Why are so many politicians around the world declaring that the debt crisis is "over" when debt to GDP ratios all over the planet continue to skyrocket?
What in the world is China up to?
Japan's latest trade numbers are out.
When uncertainty reigns, investors all over the world turn to gold as a safe haven.
"The key to preventing a run on Prime MMFs from contributing to broader dislocations in the financial markets during a widespread crisis is to ensure that these funds have adequate liquidity, and have the ability to slow redemptions..."