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Keyword: globaleconomy

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  • New Dire Warnings on Russia: The Move That Could Lead to ‘Catastrophe’

    03/15/2014 2:48:36 PM PDT · by elhombrelibre · 21 replies
    The Blaze ^ | 14 Mar 14 | Sara Carter
    Russia’s increased military buildup along Ukraine’s eastern border signals the possibility of a full-scale invasion and one that could lead to a worst-case global scenario, pitting NATO allies against old Russian foes and debilitating the global economy to nothing short of catastrophe if nothing is done to stop Moscow’s aggression, U.S. officials and analysts told TheBlaze. And the crisis seems to be heading in that direction. On Friday, more Russian troops and armored vehicles were seen offloading from ships in the Crimean harbor, reporters in the area said. The day before, Russia had already massed more than 8,000 troops and...
  • 20 Signs That The Global Economic Crisis Is Starting To Catch Fire

    02/14/2014 7:46:25 PM PST · by Tolerance Sucks Rocks · 49 replies
    Freedom Outpost ^ | February 14, 2014 | Michael Snyder
    If you have been waiting for the "global economic crisis" to begin, just open up your eyes and look around. I know that most Americans tend to ignore what happens in the rest of the world because they consider it to be "irrelevant" to their daily lives, but the truth is that the massive economic problems that are currently sweeping across Europe, Asia and South America are going to be affecting all of us here in the U.S. very soon. Sadly, most of the big news organizations in this country seem to be more concerned about the fate of Justin...
  • A Single Picture to Show that Many Nations Are Economically Doomed

    02/10/2014 5:58:50 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 10, 2014 | Daniel J. Mitchell
    Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these fiscal estimates show that the United States has a very perilous future. According to the Bank for International Settlements, the United States is in worse shape than every nation other than Japan and the United Kingdom. According to the Organization for Economic Cooperation and Development, the United States has a bigger long-run fiscal problem than all countries other than New Zealand and Japan. And according to International Monetary Fund...
  • Weekly COMEX Gold Inventories: Huge Gold Withdrawal From JPMorgan Warehouse Headed East

    01/26/2014 4:22:12 PM PST · by Red in Blue PA · 46 replies
    Last week, as many of gold investors may already know, we saw the largest one-day withdrawal in over a year as the JPMorgan (JPM) warehouse withdrew a stunning 321,500 ounces of gold (10 tonnes). Additionally, we also saw a large withdrawal from the Scotia Mocatta warehouse, which brings the total withdrawal for the week to almost 5% of all COMEX gold stocks. .... As investors can see, last week's action finally saw a rise in registered gold by a small 5,002 ounces. But that was paired with a huge 350,968 ounce withdrawal from eligible gold stocks - the vast majority...
  • 'Fatal spiral' of fiscal crises threatens global economy in 2014

    01/17/2014 6:29:07 PM PST · by Lorianne · 9 replies
    Telegraph UK ^ | 16 January 2014 | Szu Ping Chan
    Ballooning debt levels in advanced economies pose biggest threat to the global economy, World Economic Forum report warns ___ pose the biggest threat to the global economy in 2014, a report by the World Economic Forum has warned. Ahead of next week's WEF annual meeting in Davos, Switzerland, the forum's annual assessment of global dangers said high levels of debt in advanced economies, including Japan and America, could lead to an investor backlash. This would create a "vicious cycle" of ballooning interest payments, rising debt piles and investor doubt that would force interest rates up further.
  • Dismal U.S. Consumer Spending to Drag Us Back into Recession?

    06/29/2013 10:29:46 AM PDT · by abbyjoseph · 24 replies
    Profit Confidential ^ | 28/06/2013 | Michael Lombardi
    While the mainstream economists were quick to believe that the U.S. economy is growing as the key stock indices suggest, I stood by my opinion that it isn’t. After the first estimates of gross domestic product (GDP) for the U.S. economy came out, a wave of optimism struck and stock markets rallied. It seemed as if everything was headed in the right direction. Sadly, they were wrong. In its third and final revision of GDP, the Bureau of Economic Analysis (BEA) reported that the U.S. economy grew at just 1.8% in the first quarter of 2013 from the fourth quarter...
  • A Mirage Called the Stock Market

    06/06/2013 9:07:33 AM PDT · by abbyjoseph · 9 replies
    Profit Confidential ^ | 3rd june | Michael Lombardi
    While an economic slowdown is looming over the global economy, no one seems to care, as stock markets continue to reach new record-highs—giving investors false hopes of economic growth. But how long can this mirage actually last? The economic slowdown in the global economy I’m talking about is a worldwide pullback in growth. Take India as the first example. According to India’s Central Statistics Office, the Indian economy is growing at five percent—its slowest pace in a decade! The director general of the Confederation of Indian Industry was quoted late last week as saying, “With no visible pick-up in any...
  • "I Give A Damn": A Capitalist Manifesto For The Productive Class

    05/28/2013 12:58:02 PM PDT · by SatinDoll · 4 replies
    Of Two Minds.com ^ | May 27, 2013 | Zeus Yiamouyiannis
    This essay is a call to citizens to put real work, ingenuity, and community above false promises and disgraced authority. Empowerment, in this essay, is not about pumping up self-esteem but rather equipping citizens to take control of the global economy. When political and economic leaders fail to act effectively, we will have to be the ones to succeed. Capitalism stands and falls upon care, not the superficial “I-feel-your-pain” type, but the deep, committed “I-give-a-damn” type. What does it mean to give a damn? “I give a damn” means: I get broadly and deeply involved, I refuse to ignore what...
  • 'The world is in a state of financial war' - Russian presidential advisor

    05/28/2013 4:55:07 AM PDT · by Yekaterina Derevko · 12 replies
    Voice of Russia ^ | 18 Jan 2013 | Editors
    Vedomosti reports that Sergey Glaziev, the economic mastermind behind the Eurasian Union, sent an official report to Kremlin, stating the necessity of a radical revamp of Russia’s economic policy in the wake of the second wave of global economic crisis. “Unknown sources” have provided the media with the contents of this highly controversial document, igniting a fierce debate in the press and blogosphere. Glaziev’s report features apocalyptic predictions in regard to the state of the world economy but the most interesting part of the text refers to the so-called “currency wars”. Basically, one of the most influential advisors of the...
  • Wealth, Lower Oil Prices, Increased Spending—Airline Stocks Headed Higher

    05/20/2013 9:07:07 AM PDT · by abbyjoseph
    Profit Confidential ^ | 17/05/2013 | George Leong, B.Comm
    Last August, a Vermont farmer named Roger Pion was arrested with a small amount of marijuana on his person. At the station, the cops allegedly roughed him up. Not a scholar of passive resistance, Pion returned to the jail after his release driving a 20,000-lb. Case tractor. He then crushed six Orleans County cop cars and a police van. Now, months later, all the cars have been replaced. Roger Pion was arrested again, then placed in a mental health facility. But his legacy lives on, in the hearts (and jammies) of freedom fighters across the land.
  • The day gold died--Commentary: Gold is history and history showed the run would end

    04/16/2013 9:37:05 AM PDT · by Ernest_at_the_Beach · 39 replies
    Marketwatch ^ | April 16, 2013, 7:01 a.m. EDT | By David Weidner, MarketWatch
    Monday’s crash in the gold market has been a long time coming. Buying opportunity? Only if you enjoy pain. And a few of you do. I know it. I could hear the howling from the mercantile exchanges. I don’t want to write I told you so, but I did. Many of us warned against the modern gold rush. But we weren’t looking at a crystal ball, it was history talking.
  • Foreign holdings of US debt rose to $5.66 trillion

    04/15/2013 11:22:50 AM PDT · by Ernest_at_the_Beach · 2 replies
    AP ^ | Apr 15, 9:33 AM EDT | By MARTIN CRUTSINGER AP Economics Writer
    WASHINGTON (AP) -- Foreign demand for U.S. Treasury securities rose to a record level in February, indicating that international investors remain confident in U.S. debt despite budget wrangling in Washington.The Treasury Department said Monday that foreign holdings of U.S. Treasury securities increased 0.3 percent in February from January to a record $5.66 trillion. It was the 14th straight monthly increase.
  • EU Collapsing? Will Cyprus and Japan spell doom for the world economy?

    03/23/2013 4:01:55 PM PDT · by Starman417 · 22 replies
    Flopping Aces ^ | 03-23-13 | Curt
    Apparently it takes a former Federal Reserve senior economist to ground everyone in reality. The European Union is no more and disintegrating rapidly: "The European project is crashing to earth,” Athanasios Orphanides told the Financial Times in an interview. "This is a fundamental change in the dynamics of Europe towards disintegration and I don’t see how this can be reversed.” ...This week’s events had made “a mockery” of EU treaties, he added. “It suggests that in Europe not all people are equal under the law.”“We have seen other eurozone countries, the Netherlands, for instance, put national interests ahead of the...
  • Everything you need to know about banking, bailouts, and Cyprus

    03/18/2013 4:34:29 PM PDT · by Ernest_at_the_Beach · 15 replies
    blogs.marketwatch.com/cody ^ | March 18, 2013, 2:04 PM | Commentary By Cody Willard
    Good morning and welcome back to the land of anarchy where contracts and guarantees don’t mean anything anymore. Over the weekend, as I’m sure you’ve already heard, Cyprus and the EU and the IMF (and the U.S. Treasury which is part of the official decision-making body at the IMF) all decided that it was in society’s best interests to confiscate the money in people’s checking and savings accounts. Not all of it, at least not yet.But as there’s a ton of confusion and misdirection about what this latest round of theft of private capital and descent into anarchy really is,...
  • Cyprus: banks shut till Thursday as government scrambles to amend savings levy - live

    03/18/2013 9:11:59 AM PDT · by E. Pluribus Unum · 22 replies
    The Guardian ^ | 18 March 2013 | Graeme Wearden
    Photos: protests in Nicosia • Crucial parliamentary vote delayed until Tuesday • Reports of a rethink on bank savings levy • Vladimir Putin: savings levy is unfair and dangerous • Midday: Markets claw back some losses
  • Hormel buying No. 2 peanut butter Skippy for $700 million

    01/03/2013 6:39:13 AM PST · by Olog-hai · 33 replies
    Associated Press ^ | Jan 3, 2013 8:55 AM EST
    Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for cured, smoked and deli meats said Thursday that it’s buying Skippy, the country’s No. 2 peanut butter brand, for about $700 million. Skippy, which was introduced in 1932 and is a staple in American pantries, is intended to increase Hormel’s presence in the center of the supermarket where shelf-stable foods are sold. It also gives the Austin, Minn.-based company a clearer path for growth overseas; Skippy is sold in about 30 countries and is the leading peanut butter brand in China, where...
  • Arctic Route Paves New Way for Gas Trade

    12/06/2012 11:55:32 AM PST · by Ernest_at_the_Beach · 6 replies
    wsj.com/video ^ | 12/3/2012 2:45am | Ken Brown
    A Norwegian tanker full of natural gas is scheduled to deliver to Japan after traveling through the Arctic Ocean. The WSJ's Ken Brown explains how this route will change the way people sell gas. Up Next Satellite Reveals New Views of Earth at Night
  • Gold Just Tanked, Silver Tanked, And Oil Is Sliding

    11/28/2012 6:39:45 AM PST · by blam · 150 replies
    TBI ^ | 11-28-2012 | Joe Weisenthal
    UPDATE: Gold Just Tanked, Silver Tanked, And Oil Is Sliding Joe WeisenthalNovember 28, 2012 It's unclear what just happened, but as US trading cranks to life, commodities have dumped. Gold just dropped about $15/oz in a couple of seconds. Kitco And here's Silver: And oil is fading.
  • Who Really Cares About the Poor?

    10/13/2012 3:40:50 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | October 15, 2012 | John C. Goodman
    Capitalism favors the rich. Socialism helps the poor. These are core beliefs of almost everybody on the left, including our president. Ah, but it turns out that this worldview is completely wrong. Economists associated with the Fraser Institute and the Cato Institute have actually found a way to measure "economic freedom" and investigate what difference it makes in 141 countries around the world. This work has been in progress for several decades now and the evidence is stark. Economies that rely on private property, free markets and free trade, and avoid high taxes, regulation and inflation, grow more rapidly than...
  • Daniel Hannan: Spain teeters on the brink

    09/28/2012 4:56:32 AM PDT · by Cincinatus' Wife · 11 replies
    Telegraph - UK ^ | September 27, 2012 | Daniel Hannan
    All of a sudden, the talk is of the breakdown, not just of the single currency, but of the parliamentary system on which it rests. Commentators across Europe fret that Spain, which emerged from dictatorship less than 40 years ago, might give up on multi-party politics. Every round of economic figures is worse than the last. The deficit is massively larger than forecast. A bailout of unprecedented size is becoming inevitable, even as the prime minister gives his countrymen a ‘one hundred per cent assurance’ that he won’t apply for one. (He said much the same thing a few days...
  • Romney's Speech at the Global Initiative Conference

    09/25/2012 6:49:22 AM PDT · by w4women · 36 replies
    micsak | September 25, 2012 | micsak
    I just watched Romney's speech at the Global Initiative Conference and I was blown away. Foreign aid should be tied to getting people employment. All free enterprise - all the time. It was impressive. He even got a few digs in about Obama. It is a must see.
  • Dollar no longer primary oil currency as China begins to sell oil using Yuan

    09/17/2012 9:08:09 AM PDT · by TLI · 25 replies
    Examiner.com ^ | September 12, 2012 | Kenneth Schortgen Jr
    On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.
  • U.S. Firms Move Abroad to Cut Taxes

    08/29/2012 11:44:36 AM PDT · by SeekAndFind · 14 replies
    Wall Street Journal ^ | 08/29/2012 | JOHN D. MCKINNON And SCOTT THURM
    More big U.S. companies are reincorporating abroad despite a 2004 federal law that sought to curb the practice. One big reason: Taxes. Companies cite various reasons for moving, including expanding their operations and their geographic reach. But tax bills remain a primary concern. A few cite worries that U.S. taxes will rise in the future, especially if Washington revamps the tax code next year to shrink the federal budget deficit. "We want to be closer to where our clients are," says David Prosperi, a spokesman for risk manager Aon AON +0.03% plc, which relocated to the U.K. in April. Aon...
  • Get ready for another food crisis

    08/22/2012 10:54:55 AM PDT · by Ernest_at_the_Beach · 21 replies
    Marketwatch ^ | Aug. 20, 2012, 12:02 a.m. EDT | Charles Sizemore
    <p>If the definition of insanity is doing the same thing over and over again and expecting different results, then Congress and the Obama administration must both be stark raving mad.</p> <p>It was just four years ago that the world found itself facing a food crisis. If you are reading this article, you may very well not remember the food crisis of 2007-2008. By virtue of being a MarketWatch reader, chances are very good that your income was sufficient to cover rising food costs without making any major lifestyle adjustments. But in many poorer countries, the spikes in the cost of basic food staples were enough to cause riots and social unrest, not to mention hardship and misery on those struggling to put bread on the tables. Readers may recall the infamous "Tortilla Riots" in Mexico City, which brought more the 70,000 people to the streets.</p>
  • Water balance of global aquifers revealed by groundwater footprint (Abstract)

    08/16/2012 10:39:42 AM PDT · by Ernest_at_the_Beach · 16 replies
    Nature ^ | 09 August 2012 | Tom Gleeson, Yoshihide Wada, Marc F. P. Bierkens & Ludovicus P. H. van Beek
    Groundwater is a life-sustaining resource that supplies water to billions of people, plays a central part in irrigated agriculture and influences the health of many ecosystemsMost assessments of global water resources have focused on surface water,, but unsustainable depletion of groundwater has recently been documented on both regional and global scales. It remains unclear how the rate of global groundwater depletion compares to the rate of natural renewal and the supply needed to support ecosystems. Here we define the groundwater footprint (the area required to sustain groundwater use and groundwater-dependent ecosystem services) and show that humans are overexploiting groundwater in...
  • As China's growth slows, the world worries

    07/13/2012 6:25:05 PM PDT · by TigerLikesRooster · 19 replies
    MSNBC ^ | 07/13/12 | John W. Schoen
    As China's growth slows, the world worries By John W. Schoen, Senior Producer Don't look to China to head off the global economic slowdown. With the U.S. recovery stalling and much of Europe in recession, China remains the last major region keeping the global economy moving ahead. But there was fresh evidence Friday that the Chinese dragon’s fire is cooling. China's economic growth fell to a three-year low, the government reported, as the world's second-largest economy grew by 7.6 percent over a year earlier in the three months. That’s the worst showing since the financial panic of 2008 sent the...
  • Roubini: My 'Perfect Storm' Is Unfolding Now

    07/09/2012 11:28:26 AM PDT · by Kartographer · 15 replies
    CNBC ^ | 7/9/12 | Ansuya Harjani
    "Dr. Doom" Nouriel Roubini, says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China. In May, Roubini predicted four elements - stalling growth in the U.S., debt troubles in Europe, a slowdown in emerging markets, particularly China, and military conflict in Iran - would come together in to create a storm for the global economy in 2013.
  • IMF urges U.S. lawmakers to remove ‘fiscal cliff’

    07/03/2012 12:54:15 PM PDT · by Ernest_at_the_Beach · 4 replies
    MarketWatch ^ | July 3, 2012, 12:06 p.m. EDT | Greg Robb, MarketWatch
    WASHINGTON (MarketWatch) — A failure to avoid the “fiscal cliff” could slash the U.S. growth rate to under a 1% annual rate and risk harming the global economy, the International Monetary Fund said in a report released Tuesday. The fiscal cliff is Washington shorthand for current tax and spending plans, enacted in law when the debt ceiling was narrowly passed last summer, that would shrink the deficit by around 4% of gross domestic product in 2013. These policies “could reduce growth to well below 1%, with negative growth early next year and significant negative repercussions on an already fragile world...
  • AMC Theaters Purchased By Chinese Conglomerate

    05/21/2012 2:58:04 PM PDT · by KeyLargo · 17 replies
    Inquisitr.com ^ | May 21, 2012
    AMC Theaters Purchased By Chinese Conglomerate Posted: May 21, 2012 AMC Theaters Bought By China CompanyU.S. owned AMC Theaters is being sold to Chinese conglomerate Dalian Wanda Group Co. for $2.6 billion, marking the largest China takeover of an American company to date. According to the Dalian Wanda Group the purchase will place them directly in charge of the world’s biggest movie theater operation. Based in Beijing the group says it will immediately invest $500 million to help expand AMC’s development, creating a much bigger machine. According to Wanda chairman Wang Jinlin: “We support AMC becoming bigger, not only in...
  • Recession on roll in Europe -- Europe stocks drop on downbeat jobs data

    05/02/2012 11:08:56 AM PDT · by Ernest_at_the_Beach · 1 replies
    MarketWatch ^ | May 2, 2012, 12:14 p.m. EDT | By Sara Sjolin, MarketWatch
    LONDON (MarketWatch)—Most European stocks ended lower Wednesday, erasing gains after a report on private-sector U.S. jobs fell short of expectations and data showed unemployment in the euro zone hit a new euro-era high.
  • How The World Economy Changed In One Month

    05/02/2012 6:27:28 AM PDT · by blam · 8 replies
    TBI ^ | 5-2-2012 | Eric Splatt
    How The World Economy Changed In One Month Eric Platt May 2, 2012Global manufacturing was deeply depressed in Europe while North America showed continued strength this April, new data out of Markit Economics shows. The firm released PMI readings for more than a dozen countries over the past twelve hours, with large declines across the euro area, as powerhouses like Germany succumbed to regional weakness. Notable readings: U.S.: 54.8 in April, up from 53.4 Canada: 53.3 in April, up from 52.4 U.K.: 50.5 in April, down from a revised reading of 51.9 Eurozone: 45.9 in April, down from 47.7 Spain:...
  • Spain falls into recession

    04/30/2012 5:45:41 AM PDT · by Oldeconomybuyer · 9 replies
    CNN Money ^ | April 30, 2012 | By Chris Isidore
    (CNNMoney) -- Spain has fallen into its second recession since 2009 as its economy shrank for the second consecutive quarter, according to a government report Monday. There are now a dozen European nations that have had their economies shrink for two consecutive quarters, a condition that generally equates to a recession. The Spanish economy, struggling with the aftermath of the bursting of a housing bubble, has been particularly hard hit by the economic turmoil rolling across Europe. On Friday, the government reported that Spain's unemployment rate hit record high of 24.4%.
  • Argentina’s President Kirchner Flunks Economics

    04/23/2012 5:42:35 AM PDT · by IbJensen · 17 replies
    Pajamas Media ^ | 4/23/2012 | Jaime Daremblum
    Back in February, after Argentine authorities inexplicably seized the contents of a U.S. military plane that was delivering equipment for a routine police-training exercise, a local official in the Buenos Aires city government summed up [1] the dismal state of her country’s foreign policy: “Our only friend right now is Hugo Chávez.” On April 16, President Cristina Kirchner poisoned yet another bilateral relationship when she announced the nationalization of a majority stake in Argentina’s biggest oil company, YPF, which is owned by the Spanish firm Repsol. Her move prompted outrage in Madrid and threats of retaliation. Meanwhile, the Spanish technology...
  • Spain Is Doomed: Why Austerity Is Destroying Europe

    04/18/2012 7:43:02 AM PDT · by ctdonath2 · 63 replies
    The Atlantic ^ | Apr 18 2012, 10:00 AM ET | Matthew O'Brien - Matthew O'Brien
    Let's try a thought experiment. Imagine you walked into the bank, told them you were going to be taking pay cuts for the next few years, and then asked for a loan. You'd be laughed out of the office or else pay an interest rate so high that "usurious" wouldn't do it justice. The logic is simple: If you're in debt and your income is shrinking, it's mighty hard to pay back what you already owe. ... Nearly a quarter of Spain's population is unemployed. Half of its youth are out of work. And it's only going to get worse....
  • James Delingpole: The consensus on printing money reminds me of the case for global warming

    03/26/2012 9:47:31 AM PDT · by Ernest_at_the_Beach · 24 replies · 2+ views
    Bogpaper.com ^ | March 9, 2012 | James Delingpole
    We all have a pretty good idea of why the Soviet Union collapsed: it’s because its state-run planned economy wasn’t as efficient as its rivals in the free-market West. The lesson we’ve learned from this is that capitalism won the political argument. But it’s a false lesson, because capitalism didn’t. The problems that made the Soviet Union such a failure are now endemic in the West. To give one tiny example, in my Sunday paper last weekend was a story about how the Culture Secretary, Jeremy Hunt, is launching ‘a drive to encourage Britons to holiday in their own country…...
  • Unprecedented Global Monetary Policy As World Trade Volume Craters

    02/02/2012 10:18:16 PM PST · by lbryce · 2 replies
    Zero Hedge ^ | Frbruary 2, 2012 | Tyler Durden
    With the IMF cutting its global growth forecasts and signs of slowing evident in the dramatic contraction in World Trade Volume in the last few months, it is perhaps no surprise that the central banks of the world have embarked upon what Goldman Sachs calls an 'Unprecedented Alignment of Monetary Policy Across Countries'. Our earlier discussion of the European event risk vs global growth expectations dilemma along with last night's comments on the impact of tightening lending standards around the world also confirms that this policy globalization is still going strong and is likely to continue as gaming out the...
  • GM is again the world's largest automaker (Chevrolet sales rise two years after bankruptcy)

    01/20/2012 8:00:37 AM PST · by SeekAndFind · 24 replies
    Los Angeles Times ^ | 01/20/2012 | Jerry Hirsch
    Less than two years after emerging from bankruptcy,General Motors Co.has regained the title of the world's largest automaker. GM's worldwide sales rose 7.6% to 9 million vehicles in 2011. The Detroit manufacturer last held the top spot in 2007 before it was surpassed byToyota Motor Corp.the next year. Chevrolet, GM's flagship brand, set a record by selling nearly 4.8 million vehicles. That was more than what many entire auto companies posted in sales last year, including Nissan and Honda. "It is an accomplishment that GM has been able to reverse the tide in the U.S. and Asia, and they are...
  • AND NOW: People Are Starting To Flip Out Over France (Next)

    11/10/2011 8:50:44 AM PST · by blam · 17 replies · 1+ views
    TBI ^ | 11-10-2011 | Simone Foxman
    AND NOW: People Are Starting To Flip Out Over France (Next) Simone Foxman Nov. 10, 2011, 11:10 AM Image: Brian Jeffery Beggerly on Flickr With all the agony dragging on in the eurozone, vultures are now circling around France. The yield on French 10-year bonds over German bunds is shooting up, even as the premium Spain and Italy have to pay on borrowing sinks. With high exposure to Italian sovereign debt and no access to European Central Bank resources to mitigate rising borrowing costs, France could be on a fast track to trouble. While France is generally regarded as one...
  • Cash Crunch in China Picks Up Momentum; Chinese Economy "Teetering On the Edge"

    09/27/2011 10:36:17 AM PDT · by SeekAndFind · 12 replies
    Global Economic Analysis ^ | 09/27/2011 | Mike Shedlock
    Todd Martin, an Asia equity strategist at Societe General SA, talks about the outlook for China's economy and credit market. Martin also discusses global stocks and commodities. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." The interview starts off with a very weak idea "fundamentals have been thrown out the window". However the analysis gets much better as the video progresses. Here are a few key ideas from Todd Martin. RMB offshore vs. onshore rate is at a historic low. This shows Hong Kong or China mainlanders are hoarding cash, possibly to repay debts.The liquidation phase...
  • Here Are The Real Reasons Why Gold And Silver Plunged

    09/24/2011 8:24:30 AM PDT · by blam · 44 replies
    TBI ^ | 9-24-2011 | Mike "Mish" Shedlock
    Here Are The Real Reasons Why Gold And Silver Plunged Mike "Mish" Shedlock, Global Economic Trend Analysis Sep. 24, 2011, 7:28 AM Many people have asked me to comment on the plunge in gold and silver. First let's take a look at the wrong answer: Case Closed: CME Hikes Gold, Silver, Copper Margins And there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved. Sorry Tyler, wrong answer. Four Reasons for Metals Plunge * Fed did far less than expected * Mutual fund redemptions * Margin calls at hedge funds...
  • Soros Weighs In: “It Is Necessary to Think the Unthinkable”

    09/19/2011 12:05:32 PM PDT · by blam · 36 replies
    SHHTTF Plan ^ | 9-19-2011 | Mac Slavo
    Soros Weighs In: “It Is Necessary to Think the Unthinkable” Mac Slavo September 19th, 2011 SHTFplan.com George Soros, billionaire financier, chairman of a Cayman Islands based private hedge fund, and Grand Master of the world’s chess board, is weighing in on the European crisis and details some of the problems faced by Europe, as well as some proposed solutions. Love him or hate him, Mr. Soros is a major player and holds significant influence, therefore we stress that his comments should not be ignored. By all accounts, the situation in Europe is very serious, though news coverage suggests (and has...
  • World Entering 'Dangerous New Phase': Lagarde

    09/09/2011 2:47:57 PM PDT · by george76 · 9 replies
    CNBC ^ | 9 Sep 2011 | Catherine Boyle
    Christine Lagarde, the managing director of the International Monetary Fund, warned that the global economy is entering a "dangerous new phase" on Friday, ahead of the G7 summit in Marseilles, France. ... "The world is collectively suffering from a crisis of confidence, in the face of a deteriorating economic outlook and rising concerns about the health of sovereigns and banks." Her speech at Chatham House in London came after a turbulent week for the markets, with the focus on sovereign debt issues
  • We Are in 'Worse Situation' Than in 2008: Roubini

    09/03/2011 11:37:17 AM PDT · by Ernest_at_the_Beach · 17 replies
    CNBC ^ | Published: Friday, 2 Sep 2011 | 3:50 AM ET | Catherine Boyle
    <p>The world’s developed economies are trapped at the “stall speed” of low growth and need to have greater fiscal stimulus and less austerity to kick-start growth, leading economist Nouriel Roubini told CNBC Friday.</p> <p>Speaking at the Ambrosetti Forum on the shores of Lake Como, near Milan, Roubini said in an interview: “We are in a worse situation than we were in 2008. This time around we have fiscal austerity and banks that are being cautious.”</p>
  • Experts downbeat on global economy (Meeting in Europe )

    09/02/2011 9:17:00 AM PDT · by Ernest_at_the_Beach · 7 replies · 1+ views
    Associated Press ^ | On Friday September 2, 2011, 9:21 am EDT | Dan Perry, Associated Press,
    Gathered at Lake Como, finance experts see choppy waters ahead, possibly another recession CERNOBBIO, Italy (AP) -- Business leaders and finance experts gathered in Italy offered a downbeat assessment of the global economy Friday -- with several predicting another recession due to a calamitous cocktail of sluggish growth, eurozone dysfunction, and financial market volatility.The year's events -- from natural disasters and violent uprisings to fears of debt defaults -- have not only sent shock waves through the financial world but also caused a slump in confidence among consumers and industry."There is a significant probability of a double-dip recession," pronounced New...
  • Abandoning the gold standard was a fatal error we're now all paying for

    08/13/2011 5:20:28 PM PDT · by PotatoHeadMick · 62 replies
    Daily Telegraph (UK) ^ | Sunday 14 August 2011 | Edmund Conway
    Roll out the bunting. Tomorrow is the 40th anniversary of the modern global economy. That's right: come Monday morning we will have managed to survive four decades of fiat money – though, given the chaos in markets in recent weeks, it is anyone's guess how much longer it will last. On 15 August 1971, with the US public finances straitened by the cost of the war in Vietnam, Richard Nixon finally cut the link between the US dollar and gold. Until then, the US Treasury was duty bound to exchange an ounce of gold with central banks willing to pay...
  • Britain 'won't bail out Greece again' says Downing Street

    06/20/2011 6:01:23 AM PDT · by DeaconBenjamin · 11 replies · 1+ views
    Telegraph (UK) ^ | 12:16PM BST 20 Jun 2011 | By Szu Ping Chan and Andy Bloxham
    Britain has not been asked to take part in any new European Union bailout of Greece, Downing Street said today. Downing Street said proposals drawn up last night by the 17 eurozone countries do not involve Britain. "There is no proposal on the table which would involve us. The arrangements in place for Greece are arrangements that involved eurozone countries, and we weren't involved in those arrangements." Asked if any specific request for help was directed to the UK, the spokesman replied: "No there hasn't." Mr Cameron will discuss the Athens situation with European Commission president Jose Manuel Barroso at...
  • Stimulus Wears Off

    06/01/2011 11:20:23 AM PDT · by Conservative Coulter Fan · 10 replies · 1+ views
    Euro Pacific Capital ^ | June 1, 2011 | Michael Pento
    The artificially engineered U.S. recovery is already starting to falter as a continuous procession of disappointing data continues to confirm the sad truth. Recent numbers on GDP, durable goods, housing, regional manufacturing, initial unemployment claims and leading economic indicators all indicate a sharp slowdown in GDP growth. Just today the ADP Employment report showed that the private sector added a paltry 38,000 jobs in May, down from 177,000 jobs in April, significantly below expectations, and the weakest number since September 2010. Just yesterday Case Shiller announced that the U.S. housing market had officially achieved a “double dip,” in that national...
  • Geithner secures more time to break US budget stalemate

    05/03/2011 2:16:20 AM PDT · by bruinbirdman · 13 replies
    BBC ^ | 5/3/2011
    US Treasury Secretary Timothy Geithner has secured more time for Congress to negotiate a deal to increase the borrowing limit of the US. Stalemate over the talks means the US risks defaulting on its debts because it will be unable to borrow beyond its $14.3 trillion (Ł8.6tn) limit. Mr Geithner had previously said the deadline for a deal was 8 July. But in a letter to Congress he said that better tax receipts meant the deadline could be extended to 2 August. Republicans want to tie any agreement on the US budget to spending cuts, especially in the healthcare programme....
  • BRICS demand global monetary shake-up, greater influence

    04/14/2011 2:11:41 PM PDT · by Ernest_at_the_Beach · 10 replies
    yahoo ^ | Thursday April 14, 2011, 7:32 am EDT | By Abhijit Neogy and Alexei Anishchuk
    SANYA, China (Reuters) - The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions.The leaders of Brazil, Russia, India, China and South Africa also called for stronger regulation of commodity derivatives to dampen excessive volatility in food and energy prices, which they said posed new risks for the recovery of the world economy.Meeting on the southern Chinese island of Hainan, they said the recent financial crisis had exposed the inadequacies of the current monetary order, which has...
  • Emerging economies face watershed moment at summit ( BRICS Summit in China )

    04/13/2011 9:33:08 AM PDT · by Ernest_at_the_Beach · 9 replies
    Associated Press, ^ | Wednesday April 13, 2011, 5:37 am EDT | Christopher Bodeen, Associated Press,
    BRICS summit offers watershed moment for large emerging economies SANYA, China (AP) -- The leaders of the world's largest emerging economies gather this week in southern China for what could be a watershed moment in their quest for a bigger say in the global financial architecture.Thursday's summit comes at a crucial moment for the expanded five-member bloc known as the BRICS, which groups Brazil, Russia, India, China, and, for the first time, South Africa.Chinese President Hu Jintao, Brazilian President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma will attend.With the G-20...