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The eurozone is supposedly in a state of recovery. However, in spite of that recovery, public debt and debt-to GGP levels are still rising. Austerity is difficult to find in any realistic sense.
A handful of draft chapters of the TPP, leaked via Wikileaks, have highlighted the proposed treaty's heavy emphasis on expanding protections for corporate rights and assets like intellectual property
Some members of Greece's leftist government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports on Sunday that highlighted the chaos in the ruling Syriza party.
The new working model offers greater freedom and a fresh chance for the rich to exploit the poor
Greece has been financially cut off from the rest of the world. It is almost impossible for most Greeks to take money out of the country, thanks to a raft of capital control measures put in place on June 29 amid fears of a catastrophic bank run.
Top Economic Forecaster Warns: Have Cash On Hand To Survive For Three Months: "No Institution Is Safe"
After being net long all the way from $1900 to $1100, Bloomberg reports Hedge Funds Are Holding First-Ever Gold Net-Short Position.
After being net long all the way from $1900 to $1100, Bloomberg reports Hedge Funds Are Holding First-Ever Gold Net-Short Position.
If you are looking for a "canary in a coal mine" type of warning for the entire global economy, you have a whole bunch to pick from right now.
Total US rig count increased a somewhat stunning 19 last week to 876 - the highest since May. This is the biggest rise in rig count since August 2014. The oil rig count surged 21 to 659 - this is the biggest weekly rise since April 2014.
How China and Russia Are Running Rings Around Washington
China matters after all.
...economics breathing on the back of your neck (1 Year of Dow Jones Chart)
President of Greek Banks Association Louka Katseli appealed at the citizens to return their money to the banks. "Banks are absolutely trustworthy," Katseli told Mega TV "as guaranteed by the ECB and the Bank Association, but they would have bee
Greek Prime Minister Asked Putin For $10 Billion To "Print Drachmas", Greek Media Reports
Greek lawmakers are set to vote Wednesday on a second package of reforms needed to secure crucial bailout funds from Europe.
Greek Prime Minister Asked Putin For $10 Billion To "Print Drachmas", Greek Media Reports
Plunge Protection Team, China Edition----–Beijing Will Pony Up $483 Billion To Prop-Up Red Chips
After World War II, many politicians talked about creating a united Europe, much like the United States.
BRICS New Development Bank (NDB) has opened for operations in Shanghai, and will seek to deploy its $50 billion initial capital to fund infrastructure and sustainable development projects.
Host:
Ernest Hancock
Carlos Morales (former Child Protective Services investigator) talks about 'The Case Against CPS' - Charles Goyette provides his perspective on Greece and the EU - Crosby Peck (Owner Rogers Campground) provides and update about Porcfest 2015
Gold prices plunged to their lowest in more than five years on Monday, at one point dropping 4 percent on aggressive selling out of China, while the U.S. dollar hit a three-month high on expectations for higher U.S. interest rates.
Greek banks expect long queues but no major problems when they reopen today for the first time in three weeks,.....
Forgotten by "banks, the government" and whole "swaths of the modern world," Agios Efstratios in the Aegean Sea is so remote that the mobile phone network can't process data and ATMs are nowhere to be found, The Guardian reports.
The property agent Knight Frank is predicting a "fire sale" of Greek islands over the next few years.
Now that Greece has legislated away its sovereignty to Germany and enshrined its future as a vassal state of Brussels into law, Greek banks are set to reopen on Monday for the first time since PM Alexis Tsipras' referendum call triggered a weekend
Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans to repay just a fraction of its gigantic credits.
The "deal that was designed to fail" has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted extensive debt relief.
There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment.
Varoufakis Slams Bailout #3 As "Greatest Macroeconomic Disaster In History" While Tsipras "Doesn't Eat Or Sleep"
