Economy

In 2010, Euro area’s savings were insufficient to finance investment. Business needed to borrow to finance their investments and households savings were not enough to fill the gap. This is why the euro area runs a current account deficit,…

This says a lot about the President. In his mind, he is dealing with a Madison-, Roosevelt- or Wilson-caliber crisis. And apparently the President also believes the political environment he must manage is even more partisan and poisonous…

Ron Paul’s campaign put out the video below. Move over, Barack Obama; now Ron Paul is “the one”.Meanwhile the Paul campaign believes the media, including Fox News, is shutting it out in favour of other lesser candidates. Jon Stewart has a…

There are a lot of reasons Germany has been doing well: wage restraint, educated workforce, low unemployment, etc. I could go on and on. But in a global growth slowdown, the Germans will not be immune any more this go round than they were…

It is far from clear that the current level of Estonian CDS prices risk in in any more satisfactory way than they did at the height of the crisis, since membership of the Eurozone has brought with it both positives and negatives. The 0.28%…

Richard Nixon unilaterally closed the gold window 40 years ago today. No longer would the U.S. permit other countries to exchange their dollars for gold and by breaking that link, he ended the Bretton Woods international financial regime…

Nouriel Roubini took the seat in this week’s Big Interview chair with the Wall Street Journal. He says the risk of a global recession is greater than 50 percent and believes the next two to three months will be decisive in revealing which…

We’ve gotten some more clarity on the Hungarian government’s housing support scheme. Due to the unprecedented strength of the Swiss franc, implementation of the FX part has been moved forward one month to September from October. The main…

This is a stunning stat and shows how out of touch Washington and Wall Street are with Main Street. Imagine if gas prices spike $2.00 per gallon.

In the audio clip below, Ambrose Evan-Pritchard explains why he is a eurosceptic and why he believes a breakup in the eurozone is inevitable.