What is the best way to understand why some countries get richer and some get poorer--why some have a growing middle class and some, a shrinking middle class?
...For sure, the key to understanding is not to listen to former community organizers, ec
Our weekly commentaries provide Euro Pacific Capital's latest thinking on developments in the global marketplace. Opinions expressed are those of the writer, and may or may not reflect those held by Euro Pacific Capital.
The ECB has launched into a massive bond buying campaign for the sole purpose of redeeming Mario Draghi's utterly foolish promise to make speculators stupendously rich by the simple act of buying now (and on huge repo leverage)...
The introduction of euro zone government bond purchases, which could amount to a trillion euros, will mean the ECB will join the US Federal Reserve, Bank of England and Bank of Japan in launching a quantitative easing scheme.
Abdullah had been in poor health in recent months. Reuters reports that the king had been admitted to a Riyadh hospital in December for medical tests. The royal court announced in January that Abdullah was suffering from pneumonia.
Vladimir Putin has ordered the Russian state energy giant Gazprom to cut natural gas supplies to and through Ukraine to the EU in a little reported move.
The case for foreign investment in Ukraine is to be made by a specialist in sado-masochism, cosmetic surgery, and undress. Jaanika Merilo, 35, a member of the Estonian parliament of Ukrainian origin with US and UK training...
• http://globaleconomicanalysis.blogspot.com-Mike S.
Via email, Saxo bank CIO and chief economist Steen Jakobsen declares "Endgame for Central Bankers". He also asks "Why is it that Most People Trust or Bother to Listen to Central Banks?"
With the recent collapse in the price of oil, Gail Tverberg, returns to discuss the likely impact on the US shale oil industry, as well as the global market for oil.
Recall that the stated purpose behind the reason why Mario Draghi's ECB is about to launch a European government debt monetization program ranging between EUR500 and 1000 billion is to halt deflation, spark credit creation and rekindle inflation.
Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world's population will own more wealth than the other 9
Worldwide, violence is on the decline, but in the crowded cities of the global south -- cities like Aleppo, Bamako and Caracas -- violence is actually accelerating, fueled by the drug trade, mass unemployment and civil unrest.