Just weeks after Kirchner's Peroniost government lost the election, and coming after five office fires (destroying banking and economic files from the current regime), local press reports the trucks loaded up with $130 million of banknotes at the air
Slumping crude prices wreaked havoc on the kingdom's finances. Saudis are now staring down a deficit on both the fiscal and current accounts with the former amounting to some 20% of GDP and the latter representing the first negative balance in at l
The world's biggest pension fund posted its worst quarterly loss since at least 2008 after a global stock rout in August and September wiped $64 billion off the Japanese asset manager's investments.
The unemployment rate, made up of people both out of work and looking, slumped down to 3.1% in October. The rate for men is 3.4%, and the rate for women is 2.7%. That's the lowest in two decades.
Since last month, U.S. warplanes have struck Islamic State's oil infrastructure in Syria in a stepped-up campaign of economic warfare that the United States estimates has cut the group's black-market earnings from oil by about a third.
This market is looking like a disaster and the rates are a reflection of that," warns one of the world's largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines - having collapsed to all-time record lows this week-
We have previously said a lot about the "hedge fund hotel" implosion observed in the third quarter, a quarter in which many of the hedge fund community's favorite stocks all suffered spontaneous disintegration ...
Immense global debt and too much easy money will generate an international bear market soon, warns Jim Rogers, investment guru and bestselling author of "Hot Commodities."
Immense global debt and too much easy money will generate an international bear market soon, warns Jim Rogers, investment guru and bestselling author of "Hot Commodities."
Our beat is economics… money… and finance. Not politics. But they intertwine, like poison ivy around a grapevine. One produces edible fruit; the other makes you itch.
The cost of shipping commodities fell to a record, amid signs that Chinese demand growth for iron ore and coal is slowing, hurting the industry's biggest source of cargoes.
The kneejerk shock from this weekend's Paris terrorism, which briefly pushed S&P futures below 2000, is now a distant memory, and has been replaced with another breathless, violent rally for the second day in a row
Recently, I received an article by Alasdair Macleod, entitled "Economics of a Crash." It's an excellent overview of what's to come over the next few years.
China on Saturday welcomed backing from IMF experts that the yuan should be included in its reserve currencies, saying the move would strengthen the world's financial system.
SocGen's permarealist, Albert Edwards, has been the one person who for the past decade has firmly held the belief that a "deflationary Ice Age" is upon the world - courtesy of an unmanageable debt load - no matter what central banks do.
Oil slumped again on Friday, extending the week's loss to the largest in eight months, as swelling storage of crude on both land and sea pressured prices.
"People's confidence that the consumer can somehow offset this industrial recession that we've had is really being shaken to the core with the disappointing numbers from some of these major retailers" - James Abate, CIO of Centre Funds.
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen is stressing the need to review the unconventional monetary policies that central banks around the world deployed in response to the 2008 global financial crisis.
The stronger dollar and a persistent slump in demand from China rekindled a selloff in commodities, while Mario Draghi's signal that he's concerned about global growth weighed on equities from Europe to America.
While the government and mainstream media keep telling us, "The economy is improving, the economy is improving!" we keep getting news like this from the New York Times:
As copper, crude, and credit crash, market internals collapse, and global economic data swirls the great toilet of Keynesian pump-priming... stock investors want to hear just one thing from the world's central bankers...
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