The fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in. This final chapter of this 100-year era will end in "a final and total ca
WASHINGTON, (Reuters) - U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.
Huky Guru on Guru's Blog posted a chart that answers the question: How Long Will it Take For the ECB to Own All Sovereign Debt of Eurozone Countries?
In July 1944, just weeks after the successful Allied invasion of Normandy, hundreds of delegates from around the world gathered in Bretton Woods, New Hampshire to determine the future of the global financial system.
Life in Venezuela now consists of empty grocery stores, record rates of violent crime, and widespread shortages of just about everything.
Fed Worries Are Crushing Gold and Silver Stocks … Gold slumped today, finishing at its lowest level in a month after investors grew worried that the Fed would signal that interest rates would rise when it meets this week. - Motley Fool
Amid expectations that The Kingdom will sell bonds as early as next month, investors are panic-buying protection against default on Saudi Arabia.
James Grant, Wall Street expert and editor of the investment newsletter «Grant's Interest Rate Observer», warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.
Wealthy Have Nearly Healed From Recession; the Poor Haven't … The Great Recession and the subsequent recovery from it have deepened the wedge between the very wealthy and everyone else in America, plunging the poor deeper into debt and wiping ou
Denmark needs creative solutions to its labor shortages
Yesterday was the end of some short-lived rallies as stocks fell back from their record highs and the dollar index retreated back to pre-Brexit lows. In the long term, these changes are showing the dollar continues to lose its purchasing power due to
On June 5, 2014 when the ECB officially announced that the rate on its deposit facility would go negative, we posted "NIRP Has Arrived: Europe Officially Enters The "Monetary Twilight Zone."
Protectionists of all stripes often rail about trade deficits. An unfavorable balance of trade. One of the catch phrases of these people, because at some level they realize the value of trade, is that they want "fair trade."
It's been a bad month for German chancellor Angela Merkel, whose approval ratings fell sharply last month, a ZDF poll showed on Friday, in the second sign of a voter backlash to her refugee policy since Islamist militant attacks in Germany last month