2011

Markets failed to get a lasting boost from change in EZ governments; dollar broadly higher into open. Italy auction met with decent response, but higher yields nonetheless ; change in governments no panacea in EZ. Japan’s preliminary Q3…

Sources close to the German government have told Reuters that the German Chancellor Angela Merkel is seeking agreement to make changes to the Lisbon Treaty, considered the European Constitution. According to Reuters’ sources, Merkel wants…

David Rosenberg recently spoke to WealthTrack's Consuelo Mack about prospects for the US economy. Rosenberg believes that upside to US economic growth will continue to be constrained by high levels of debt. Despite historic levels of fiscal…

This video is about the Chinese view of America’s budget battles. The US congress has until November 23rd to figure out on how to reduce its public debt. If it doesn’t, eventually mandatory budget cuts will go into place. As a result, Guan…

Down with the Eurozone - Nouriel Roubini - Project Syndicate For the last decade, the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) were the eurozone's consumers of first and last resort, spending more than their income…

My friend Lars Schall sent me this link. I think you have to put this in context by looking at what Der Spiegel was saying about a Greek exit. What is clear is that the taboo that Angela Merkel broke in responding to the proposed Greek…

Well folks, we live in a creditor friendly-world. And the taxpayers are always going to be the ones taking the hit unless the credit system collapses under its own weight. That’s what Omid Malekan seems to think too. His video below…

The country is now suffering a second round of economic and financial distress stemming from the collapse of its banking system in October 2008. That crisis caused a huge loss of savings not only for domestic citizens but also for…

This sounds like hearsay to me, but I wouldn’t be telling you about it if I didn’t believe it was credible.

Paul Krugman show he understands the sovereign debt crisis.