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While it was certainly no secret that Germany, the EMU's bastion of prudent finances and sound money, was no fan of the fiscally irresponsible eurozone periphery going into 2015, the extent to which Berlin's relationship with Athens and the Greek
In reaching a deal with Greece, Germany is the last remaining holdout.
History has shown that when a government wants to solidify its power, it has to turn its subjects into taxpayers. The Roman Empire demanded high tribute payments from every tribe it had newly conquered.
Even when all the warning signs are screaming danger - not only are they ignored, they're explained away as if those which saw or heard them, should be ignored as they'll contend not only did one not see; but couldn't see.
Asian shares fell within sight of a fresh 1-1/2 year low while commodity currencies such as the Malaysian ringgit fell further on Monday after Chinese data highlighted a deepening slowdown in demand in the world's industrial powerhouse.
Stock market crash will be of historical magnitude.
. Having hovered around the $43/$44 level all morning, new from Baker Hughes that the oil rig count in the US rose 6 to 670 (its highest in over 3 months) has sent it back down to a $43 handle...
The list of nations around the globe that have collapsing economies just continues to grow.
A recent poll conducted in Brazil shows President Dilma Rousseff's approval rating has fallen to record eight percent amid growing calls for her impeachment.
Financial markets help a country's economy by, among other things, providing price discovery. The share prices established by buyers and sellers give everyone else important information on the value of listed companies. Yet the information loses its
We're watching three things in a desultory kind of way U.S. stocks, Chinese stocks, and gold. None moved significantly yesterday.
Greek bank shares were down the 30% limit again today, with some bank stocks not fetching any bids at all.
Russia may have finally caught up with the rest of the world's governments in cracking down on ridesharing services like Uber.
I have maintained since the so-called Greek Debt "crisis" began back in 2010, I believe it was, that the imposition of austerity on Greece could not possibly...
The Commonwealth of Puerto Rico is now in default for the first time in history after it only paid $628,000 of a $58 million debt payment it owed over the weekend.
Funds face paper losses on substantial investments this year in exploration-and-production companies
Oil prices lurched 5% lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout.
This year at Porcfest, one project stood out in a great way, a fully functional Bitcoin vending machine named The Metalith. Not only does The Metalith offer products for Bitcoin, but also offers them for Fiat currency.
If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today's scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ).
Greece's stock market closed with heavy losses on Monday after a five-week shutdown brought on by fears that the country was about to be dumped from the euro zone.
"We got this..." Right up until around 55 seconds in the following clip...
Over the weekend Puerto Rico was supposed to make a modest principal and interest payment of some $58 million due on Public Finance Corp. bonds, which however few expected would be satisfied.
Over the years, we have repeatedly poked fun at the transformation of Venezuela into a "socialist utopia"
Politicians are using Greece's economic crisis to delegitimize anti-austerity policies, but Varoufakis says the opposite it true.
One narrative we've been building on for quite some time is the idea that both stocks and bonds have been propped up by a perpetual bid from price insensitive buyers.
Anyone with a nose for markets will tell you that the Chinese government's attempt to rescue the country's stock markets from collapse is far from succeeding.
Their Assets. It was almost exactly two years ago, when during China's long-forgotten attempt to actively deleverage its economy (remember that? good times...) we commented on the country's s first attempt to estimate what its local government debt
Greece may seek 24 billion euros in a first tranche of bailout aid from international lenders in August to prop up its banks and repay debts falling due at the ECB, a pro-government Greek newspaper said in its early Sunday editions.
A third Greek bailout involving loans from the European Stability Mechanism (ESM), the eurozone's bailout scheme, is now being negotiated.
While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Eu
