Economy

"We believe that the Kingdom of Spain's budget trajectory will likely deteriorate against a background of economic contraction in contrast with our previous projections. At the same time, we see an increasing likelihood that Spain's…

In addition to the hole left by the Iran sanctions, the Saudis are pressured to pump more in order to meet their own rising domestic demand. This is putting strains on OPEC's spare capacity.

There is some evidence that recently discovered shale oil fields cannot be successfully exploited at prices under $100 a barrel.

Today we look at the jobs recovery by various industries.

As predicted earlier this year, Japan continues to struggle with its energy needs. The chart below shows the recent trend in Japan's imports of residual fuel oil. These fuel imports are quickly translating into a rising trade deficit.

Bloomberg TV spoke to Goldman Sachs CEO Lloyd Blankfein today in a much discussed interview. Below is the video and partial transcript of that interview. I provide it without comment.

I thought now would be a good time to see how my ten surprises for 2012 are tracking as we are nearly a third of the way through the year. I posted these as my first weekly newsletter and these are events that have 1-in-3 odds of happening…

The Greek private sector can generally only rely on the Greek banking system for credit. At the same time the Greek private sector is moving liquidity out of the country, dramatically shrinking the availability of credit.

Professor Steve Keen was on Tonight with Vincent Browne in Ireland last week, where the topic understandably was the European Union. The question for Steve was how the Maastricht Treaty fits his economic paradigm, which follows Hyman…

A brief note on why Apple did so well this quarter.