debt

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…

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.

Can Russia get the best of both worlds by freeing its economy from technologically unnecessary charges and rentier tolls paid to special interests? Such expenditures prevent the economy from developing. That is the basic cause of poverty –…

Postmortems of last month’s European Union summit meeting have now turned to why the Greek debt rescue failed to restore investor confidence in the country’s finances. Many reasons are advanced: the failure to communicate clearly; the…

The point is that this is a rolling crisis where investors have realised that the sovereign debt profiles right across Euroland have problems. And because there is no lender of last resort, the weakest debtors get plucked off one by one…

What does it mean that disposable income was revised down all three years, yet the savings rate was revised down in 2009 and 2010? I think it means that people were under debt stress trying to maintain lifestyles once the technical recovery…

The job cuts are principally in the United States and Europe and the job hires are in the emerging markets. This is a significant shift away from the developed economies, which are mired in a debt crisis to areas of the world which are…

France and Germany have the greatest exposure to Greece and their banks are expected to be the one’s with the lion’s share of the losses in the voluntary debt exchange deal. Here is a chart from the BBC below, detailing the exposure to…

Here’s a list of the countries with the highest debt to GDP in the world

A lot of Chinese SOEs are involved in a very wide variety of business activities, and are especially fond of activities in which cheap capital is the comparative advantage, or in which there is political advantage to be gained. That makes…