austerity

Source: ThinkstockAngela Merkel won a third term as Germany’s chancellor. Her Christian Democratic Union and a smaller ally took more than 41% of the vote. If Merkel can create a closely knit...
Douglas A. McIntyre
Source: ThinkstockThe Congressional Budget Office (CBO) reports that it is this simple: the cancellation of the automatic spending reductions specified by the Budget Control Act of 2011, or...
Douglas A. McIntyre
Source: ThinkstockThe austerity versus stimulus battle flamed up again as the Greek parliament approved massive layoffs of public workers. Now, the proponents of cost cuts in financially weakened...
Douglas A. McIntyre
Source: ThinkstockAngela Merkel is likely to be elected to a third term as Chancellor of Germany, an office she has held since 2005. If she does win, the nation’s leverage in the fight for...
Douglas A. McIntyre
Source: Jon OggInvestors may be overthinking the outcome of when, not if, Ben Bernanke and the Federal Reserve are going to start winding down or tapering the $85 billion in monthly bond buying....
Jon C. Ogg
Source: ThinkstockIf things are really stabilizing or set to get better in Greece and the rest of the PIIGS in Europe, then why did a privatization sale end up with no bidders? That is what we would...
Jon C. Ogg
Source: ThinkstockCharles Plosser, President and Chief Executive Officer of Federal Reserve Bank of Philadelphia, gave a speech on Thursday afternoon discussing how to end the “Too Big To Fail”...
Jon C. Ogg
Source: Jon OggChemed Corp. (NYSE: CHE) is a very strange company. Imagine owning the Roto Rooter drain cleaning and plumbing company AND owning a for-profit hospice provider. Now a Department of...
Jon C. Ogg
Source: ThinkstockIf European Union finance ministers and the International Monetary Fund (IMF) have turned away from austerity as a means to help the region’s economy, the action has not affected...
Douglas A. McIntyre
Source: ThinkstockAs European Union leaders go to the G-20 conference this week, they will try to make the case that their austerity measures have started to work, that they eventually will repair...
Douglas A. McIntyre
Source: ThinkstockIf you have been following the coverage of Bitcoin this week, you have seen a frenzy level come about. The reality is that someone is trying to tell you that the value of a virtual...
Jon C. Ogg
Source: ThinkstockWhy is Europe in such a difficult financial situation? Billionaire George Soros believes he knows. If only Germany would cooperate and offer more support to its weaker neighbors,...
Douglas A. McIntyre
Source: ThinkstockAfter a battle between Portugal’s top court and its central government over the constitutionality of certain austerity measures, the prime minister says he will pursue any legal...
Douglas A. McIntyre
Source: ThinkstockThe highest court in Portugal ruled that some of the austerity measures to be employed by the government to curtail deficits are not constitutional. In reaction, the central...
Douglas A. McIntyre
Source: ThinkstockJust when it seemed that the economic data from the European Union could not get worse, new service sector purchasing managers index (PMI) information from Markit shows that the...
Douglas A. McIntyre