Economy

The list of countries with deflation is growing by the month.  We have Spain, Switzerland, Britain, Ireland.  Now add Germany. German consumer prices fell for the first time in 22 years in July, official figures have shown.…

In late June, I posted two items China’s present growth story is built on malinvestment and Chinese stock market bubble inflating, on the building bubble in Chinese lending and asset markets.  The crux of the posts was that China, in its…

Ambrose Evans-Pritchard has a good piece on Iceland out today at the Telegraph. The main point of his article is that Iceland is emerging from crisis and depression in a relatively healthy state due to a fifty percent currency…

In truth this is really two failures, but one had six subsidiaries so it counts as seven.  Here are the failures: The first bank is in New York. Waterford Village Bank, Clarence, New York, was closed by the New York State Banking…

This is an astonishing video in China with Hugh Hendry, the money manager who is bearish on China who I profiled earlier this month.  In it, he shows us building after building after building – all of them massive and all of them empty. …

Citigroup has just released a forecast which is very troublingregarding employment and growth in the Spanish economy.  With unemployment already having hit 17.9%, Citigroup expects layoffs to increase this to 22% in 2010.  Below…

The data being reported out of Asia is in marked contrast to what we are seeing in Europe and North America.  Last week, I noted that Singapore had put up big numbers.  China is also expanding robustly. Compare that with the data coming out…

In the just finished second quarter of 2009, the UK economy was contracting a massive 5.6% from the year ago period.  This is the worst performance since records began in 1955. What’s more, the data surprised to the downside, with the…

This is part two of the End of Wall Street series the Wall Street Journal is producing. Chapter Two of A WSJ series: What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created…

Charlie spoke with Obama’s Director of the Office of Management & Budget yesterday.  The video is below and it runs 30 minutes.  Orszag talks about Obama’s health care reform proposal after the first 11 minutes taken up by…