Articles Category

Inside President Trump’s otherwise “standard Trump stump speech” at CPAC was nestled what might be a most intriguing observation:  Global cooperation, dealing with other countries, getting along with other countries is good, it’s very important. But there is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I’m representing. There’s a keen insight in there that could, just maybe, transform our lives, America, and the world. No “global currency?”  Was this, with the poetic observation that “there is noRead More
The Dow has hit 20,000 for the first-time ever, but rather than celebrating, some of the richest of the rich are building bunkers to prepare for a potential apocalypse. These “preppers” are making other investments too. They’re buying houses in New Zealand, which has become a popular spot in case of calamity. Billionaire Peter Thiel just secured property and citizenship there. And they’re getting elective surgery. Steve Huffman, the 33-year-old co-founder and CEO of the online community Reddit, got Lasik so that he’d be able to be more independent in case of emergency.Read More
This is really most amusing, the state directed broadcaster in Venezuela is pointing out how terrible the economic conditions in Greece are. Yes, really, the Bolivarian socialists who’ve made the oil rich economy of Venezuela such a stunning success are pointing at the euro caused mess in Greece as an example of how capitalism impoverishes. There is no doubt, of course, that Greece has been hard done by over its debt and the economy ransacked as a result:  Much of the vast sums in aid money has simply been in theRead More
By: Fabrizio Moreira After seeing the latest string of events unfold right before our eyes, many are openly pondering whether we may see hyperinflation hit the US shores. But rather than ponder Trump’s latest executive orders or over the top pronouncements, let us first look at what hyperinflation is and how it works. What Is Hyperinflation? Hyperinflation is simply inflation that has grown out of control. The phenomenon is brought about by several factors although increased money supply is often the most likely culprit. Indeed, when monetary supply goes unchecked, theRead More
by David Tweed 13 February 2017, 05:00 GMT+8 India, Indonesia, Malaysia and Vietnam have largely escaped U.S. President Donald Trump’s glare on trade, but he may yet come looking. The U.S. runs trade deficits with all of them, in some cases quite big ones. Trump’s exit from the 12-nation Trans-Pacific Partnership, his attacks on the trade policies of Japan, China and South Korea, and a Republican push for tax reforms that would impose a levy on U.S. imports from all countries are contributing to concerns that a protectionist era will hurtRead More

Posted On February 13, 2017By HoudiniIn Articles

How the World’s Fastest-Growing Economy Went Bust

Not so long ago, Mongolia was the world’s fastest-growing economy. Now, by nearly every metric, it’s in a dire fix. Its debt has surged, its currency has plummeted, and its budget deficit has widened alarmingly. Foreign investment has dried up and economic growth all but ceased. Even the poor antelope are beset by plague. Making matters worse, some staggering bills are coming due. The government, along with a state-backed development bank, is on the hook for more than $1 billion in maturing bonds over the next year, starting with a $580 millionRead More

Posted On February 10, 2017By Ophir IIIn Articles

The New Face of American Unemployment

Even at so-called full employment, some 20 million Americans are left behind. They’re looking for work, out of the labor force but unhappy about it, or report working part-time when they’d prefer more hours, according to data released last week. Their plight comes even as the U.S. flirts with what economists consider the maximum level of employment for the first time since before the recession, having added 15.8 million jobs since the start of 2010. While some of America’s jobless are simply between gigs, those persistently stuck out of workRead More
Perception of Banking Number 1: The ‘Safe  Deposit Box’ Most of us had a piggy bank when we were kids. The idea is really simple: keep putting small amounts of money into your piggy bank, and when a rainy day comes along, the money will still be sat there waiting for you. For a lot of people, this idea of keeping your money safe sticks with them into adult life. A poll done by ICM on behalf the Cobden Centre found that a third of the UK public still believeRead More

Posted On January 24, 2017By Darth VaderIn Articles

China’s Debt-Trap Diplomacy

NEW DELHI – If there is one thing at which China’s leaders truly excel, it is the use of economic tools to advance their country’s geostrategic interests. Through its $1 trillion “one belt, one road” initiative, China is supporting infrastructure projects in strategically located developing countries, often by extending huge loans to their governments. As a result, countries are becoming ensnared in a debt trap that leaves them vulnerable to China’s influence. Of course, extending loans for infrastructure projects is not inherently bad. But the projects that China is supportingRead More

Posted On January 20, 2017By Ophir IIIn Articles

How Deutsche Bank Made a $462 Million Loss Disappear

On Dec. 1, 2008, most of the world’s banks were still panicking through the financial crisis. Lehman Brothers had collapsed. Merrill Lynch had been sold. Citigroup and others had required multibillion-dollar bailouts to survive. But not every institution appeared to be in free fall. That afternoon, at the London outpost of Deutsche Bank, the stolid-seeming, €2 trillion German powerhouse, a group of financiers met to consider a proposal from a team led by a trim, 40-year-old banker named Michele Faissola. The scion of an Italian banking family, Faissola was theRead More