Search Results for: economy
The Neo-Marxist Threat to National Economies
July 10th, 2015
The theatricals and melodrama of the current Greek crisis mask a far more serious issue than mere political entertainment. The self-created sequence of threats to Greece i.e. sovereign debt default, bankruptcy, Eurozone exit and relegation to the status of ...
Italy Ratifies FATCA Agreement with US
July 10th, 2015
Italy has ratified the inter-governmental agreement top facilitate compliance with the United States Foreign Account Tax Compliance Act. FATCA, enacted by the US Congress in 2010, is intended to ensure that the US obtains information on accounts held abroad ...
China tries to calm stock market Chaos
July 10th, 2015
As panic grips China’s markets, authorities have unleased a range of weapons China’s stock markets are in the midst of a crash, and with panic spreading, authorities have stepped in with drastic measures to prevent a looming disaster. Over ...
Oil prices rise on China stocks rebound, Greek deal hopes
July 10th, 2015
Oil prices rose on Friday on hopes that the Greek debt crisis could be resolved and as Chinese stocks rebounded, but analysts said bigger jumps were unlikely as global crude production remained high. Greece has tabled a cash-for-reforms proposal to ...
Greece Enters Its Crack-Up Boom
July 9th, 2015
The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude that their government is actively trying to devalue its currency. Consumers respond by front-running the government, spending their paychecks ...
Post Referendum, Greece Will Not Leave The Eurozone
July 9th, 2015
Summary Even after the large victory of the “No” at the referendum, Greece will not leave the Eurozone. This is certainly the reason why financial markets kept a relatively cool head in the turmoil of this Monday. Let’s dig ...
Greek debt crisis: Where do other eurozone countries stand?
July 9th, 2015
Eurozone leaders are back in Brussels to discuss how to deal with the growing debt crisis in Greece. Greek voters overwhelmingly rejected the terms of an international bailout on Sunday. Although some countries are keen to strike a compromise, ...
Greece is bad but this is worse. The Chinese stock market
July 9th, 2015
The twin fears of China and Greece will hang over markets Thursday with China increasingly the bigger concern. “There’s definitely an issue if we see a further correction in the Chinese stock market,” said Russ Koesterich, BlackRock’s chief investment ...
China stocks rise after Beijing slaps curbs on selling
July 9th, 2015
Chinese stocks rallied on Thursday after the securities regulator banned shareholders with large stakes in listed firms from selling, in Beijing’s most drastic step yet to stem a sell-off that has roiled global financial markets. As the daily drumbeat ...
Greece and its Slow Growth Problem
July 8th, 2015
I knew that Greece has not traditionally been the economic dynamo behind growth in the EU economy. I had not quite realized how far the Greek economy has lagged behind over the last several decades. Here’s a figure from ...
