Economy

Back in November last year I posted on my confusion over the jubilation shown by the citizens of Spain as they elected Mariano Rajoy as their new political leader. Mr Rajoy’s strategy during the election campaign was to say very little…

This is a thematic post, I am also putting outside the paywall because there is a lot of chatter today about Spain needing to tap EU bailout funds this year. The messaging in the analyst community follows the thematic prediction I made in…

Warren Mosler presents some macro economic themes that will have implications for the investing and business climate.

I missed this one from Omid Malekan a few weeks back but it's a good primer on gas/petrol prices for those of you who are interested.

The JOBS Act is insane on many levels. It creates an extraordinarily criminogenic environment in which securities fraud will become even more out of control. One of the forms of insanity is the belief that one can “win” a regulatory…

Rich nations worldwide have a problem with debt. In the past, such problems have been dealt with by several tactics, including “financial repression”. This column explains how the tactic works and documents its resurgence in the wake of the…

In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery.

Bloomberg News allegedly has an e-mail demonstrating that Jon Corzine, MF Global's CEO, gave “direct instructions” to his underlings to transfer $200 million from one customer account to another account in order to meet an overdraft in one…

The shockingly weak euro zone flash PMI, especially the sub-50 reading for German manufacturing, is the main focus today. New orders have been weak and the Bloomberg consensus does expect the euro zone economy to contract not only in Q1 but…

So far, we must give Chinese authorities the benefit of the doubt and it is almost certain that they will now turn from a focus on inflation to a focus on growth. This is particularly the case as inflation has come down significantly in…