wages

This is the third in a series of posts on the origins of the Euro crisis. "The roots of the European sovereign debt crisis go back thirty years" and "How Belgian debt, Italian anarchy and Greek profligacy lead to economic…

The BEA released US personal income and consumption figures for March today.  The data show that the growth in consumption continues to outstrip the growth in personal income. Personal income increased $36.0 billion, or 0.3…

Informed researchers are asking what happens to China based on the recent demographic shift from rural labour surplus to rural labour deficit.  The answer may be slower growth and higher inflation, according to a paper released last…

Michael Lewis is out with a new book “The Big Short: Inside the Doomsday Machine” which discusses how the big hitters on Wall Street destroyed $1.75 trillion of capital. His phrase ‘Doomsday Machine’ is reminiscent of former IMF chief…

‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions – Bloomberg.com The next European country set for debt watch: France – The Globe and Mail FT.com – Edward Chancellor – How long has the lucky country got? Defaulted Loans…

This post was originally published at A Fistful of Euros. “Doom-mongers” - the Economist tells us - “are licking their wounds”. And why exactly are they licking their wounds? Well for two years now (apparently) they have been telling us…

Over the past few days, a number of major European banks have announced earnings results.  Two of the most dismal results were registered at the British company Royal Bank of Scotland (RBS) and at Germany’s Commerzbank. However, the…

Source Banking Compensation – St. Louis Fed

This post was originally published at A Fistful of Euros. A new kind of battle is going on out there at the moment. In what must surely be a new twist to the old dialectic of blow against blow argument, a combination of the internet age…

President Obama made a couple of comments in an interview with Bloomberg BusinessWeek that, while potentially true, point yet again to someone out of touch with populist rage in America.  It seems that Obama is still courting big…