It's the latest sign of a global economy turned on its head.
The unemployment rate in Spain recently hit an astounding 27.2 percent for the first quarter of 2013, which is the highest it's been in decades and higher than unemployment was in the United States during the Depression.
Bad news for the timber industry but great news for tourism
"We certainly are one of the biggest players [in Africa] in several respects", Pierre Gratton, president and CEO of the Mining Association of Canada, told Think Africa Press. "It's a largely undeveloped, unexplored continent, which makes it inter
The great unwashed public might get to enjoy a bit of theater.
The world is heading into a horrific economic nightmare, and an inordinate amount of the suffering is going to fall on innocent children.
German 'Alternative': Parallel Currency Idea Carries Great Risks ...
The bond market is an accident waiting to happen.
As Boston and U.S. security agencies congratulate themselves over the apparent neutralization of a pair of Chechens that bombed the Boston Marathon, troubling questions are beginning to arise.
The liquidity tsunami that started in September of 2012 in the Marriner Eccles building and continued with the BOJ's own epic QEasing expansion three weeks ago...
Overnight a number of media types discussed the inevitability of the 100JPY Maginot Line being crossed (the same way they predicted the inevitable breach of USDJPY 100 two weeks ago).
(Sorry for the bad news) I sure hope he'll be wrong on all accounts, this time, but I'm afraid it's unlikely:
Major debt restructuring for both Cyprus and Greece will probably force the struggling euro zone countries to leave the single currency, according to Citigroup's latest economic outlook, which warned markets could again be hit by escalating fears.
Japan Steps Off the Cliff / Remember When the Internet Was a Tax-Free Paradise? by Glenn Jacobs / Jim Rogers's Gold Price Prediction / Top 50 Things To Disappear From stores before an emergency
The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver. All over the planet, people are recognizing that this is a unique opportunity to be able to acquire ......
The U.K.'s economic story for the past five years has been bleak
Fitch Ratings has downgraded the United Kingdom's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'AA+' from 'AAA'. The Outlook is Stable.
As anti-capitalist protesters take to the streets, mathematics has teased apart the global economic network to show who's really pulling the strings
Yesterday, courtesy of Nanex, we provided a close look into the internals of the flash crash that took place in yesterday's trading session of German stocks.
When Wolfgang Schäuble, the German finance minister and war horse of European politics, celebrated his 70th birthday at a theater in Berlin last September, two of the most powerful women in the world offered warm words in his honor.
"Years ago, Mrs Thatcher recognized the truth behind the European Project," UKIP's Nigel Farage reminds his European Parliament 'colleagues', "she saw that it was about taking away democracy from nation states and handing that power to largely unacco
We are delighted to see gold getting smacked down. From the International Business Times:
The stock market is not crashing yet, but there are lots of other market crashes happening in the financial world right now.
Somebody out there is sure getting prepared for something really big.
Swiss President Ueli Maurer said on Sunday he saw “no need to change strategy” after fellow financial centre Luxembourg eased its bank secrecy practices.
The world spent less on weapons and military services in 2012 than the year before, the first annual drop since 1998, a Swedish think tank said on Monday.
China’s economic growth likely picked up slightly in the first quarter of this year, according to an AFP poll of analysts, but they say the rebound is fragile and key data unreliable.
For civil servants working in the Democratic Republic of Congo, the arrival of mobile banking has been just short of a miracle.
April 15th 2013 Close
“Bankers use cocaine and got us into this terrible mess,” Professor David Nutt said. “It is a ‘more’ drug.” He added that cocaine has the effect of making its users feel “overconfident,” encouraging risk-taking behaviors.