Economy

According to Der Spiegel, Helmut Kohl, the father of a unified Germany and the German politician most responsible for the single currency, is very unhappy with his protégé Angela Merkel. I found this article to be consistent with what I…

Here’s what Germany’s largest daily newspaper Bild Zeitung has to say about the politics in the US around the debt ceiling.

8 banks out 90 banks fail: Five in Spain, two from Greece and one from Austria (Spain's CAM, CatalunyaCaixa, Banco Pastor, Unnim & Grupo Caja; Austria's Volksbanken; Greece's Eurobank & ATEBank). One additional bank, Helaba, the…

As we have said numerous times, economic growth following major credit crises is always slower than average, while recessions occur more often as consumers deleverage the vast amount of debt built up during the boom. In our view it will…

This comes from the Washington post: Since 1980, the debt ceiling has been raised 39 times. It was raised 17 times under Ronald Reagan, four times under Bill Clinton and seven times under George W. Bush. Congress is currently in a…

Gary Shilling sees a hard landing in China as they try to deal with the bad debt problem there. But note, when he says 'hard landing', he says this would "knock their growth rate in half." That's still almost 5% annualised GDP growth. Video…

There will be no stimulus unless the economy and/or asset markets deteriorate further.

These questions sound like Congress thinks the US will be the next Greece. And that makes them likely to turn the US into the next Japan. The Congressmen almost never ask questions. They are statements posed as questions to get Bernanke to…

Rather than just send you to the link of Chairman Bernanke’s prepared remarks, I have coopied it hear and underlined the part you should pay attention to

If you want the macro view, this is a good book from DoubleLine's Jeffrey Gundlach that covers the macro data plus a lot more.