austerity
Spain is not the only nation with the problem of citizens who have taken to the streets to attack austerity. In Greece, the protesters numbers as high as hundreds of thousands — impressive in a...
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France has taken another step toward severe austerity programs set by the central government. Its economy has dipped into a recession. New President François Hollande claims that the government...
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The Guardian reports that the next bailout of Greece may require residents to work six days a week. That is unlikely to go down well with Greeks and likely will cause more unrest and riots. Those...
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The relationship between Germany and France on the one hand and Greece on the other spins from accommodation to exasperation in an almost regular cycle. Despite support of the euro, in concept,...
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In one of the periodic updates to its 2012 World Economic Outlook, the International Monetary Fund (IMF) said today that global economic growth in 2013 will decline from a previous estimate of 4.1%...
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The European Central Bank looks to be getting closer and closer to finally admitting that it cannot stick its head in the sand and make silly comments about worrying over inflation and looking for...
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The government of Cyprus has requested a bailout from other members of the Eurozone through the European Financial Stability Fund (EFSF) or the European Stability Mechanism (ESM) which together have...
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Already crippled by serial downgrades of its sovereign paper, an unemployment rate of 25%, a national economy that has slipped into its second recession in five years, and a sullen and mutinous...
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When this weekend’s announcement came out of a $125 billion bailout for Spain to prop up its troubled banks, most would have just assumed that this meant the ‘risk-on’ trade was due for...
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Federal Reserve Chairman Ben Bernanke is testifying before the Joint Economic Committee at Congress today and Mr. Bernanke is not exactly committing to any further quantitative easing or QE3. He...
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The country’s largest financial institutions are having another good day today, despite the announcement by the European Central Bank (ECB) early this morning that it would not be lowering interest...
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Gold and silver are finally acting in the manner they should be again. For months and months, gold (and silver as a more speculative gold trade) investors and speculators were having an identity...
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The continuing difficulty that Spain faces in persuading investors to buy the country’s sovereign debt got a little worse today. Treasury Minister Cristobal Montoro told a Spanish radio station...
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Source: Jon OggBill Gross is the de facto Bond King. Running a giant institution like PIMCO give you quite some power. Gross makes monthly outlooks and his June report is not offering any great...
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Have you heard of students in law school and medical school racking up over $100,000 (or much more) in school loan debt? It is now not that uncommon for students exiting undergraduate school to...
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