europe Tag

This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500-square-foot house, to their shoes – and trading it in for theRead More
You may ask: – Is this a good time to buy gold? – Or, is this a good time to sell gold? – How do I assess the gold market today? For a start, I believe we must understand the relationship between demand, supply and prices of gold. They are interrelated. For instance, high demand and low supply of gold would lead to an increase in gold prices over the long-term. The opposite is true. It is just basic economics. Thus, a good time to buy is usually when: –Read More
Prime Minister Edouard Philippe said France must break the addiction to public spending that has left its economy trailing peers as he outlined plans to rein in the budget and cut taxes. In his maiden speech at the National Assembly as premier, Philippe promised 20 billion euros ($23 billion) of tax cuts by the end of President Emmanuel Macron’s term in 2022. Spending will drop by the equivalent of 3 percentage points of gross domestic product in that time and taxation will fall by 1 point, he said. “We mustRead More
Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?  Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full scale financial panic.  Sadly, most Americans have no idea that a new financial crisis is starting to play out over in Europe, because most Americans only care about what is going on in America.  ButRead More
Highly skilled workers are pursuing better opportunities outside the region. Nyl Patangan, a nursing graduate from the Philippines, left his native land in search of a better life. Now working in a Chicago hospital after a stint in Dubai, he’s supporting his parents back home and is buying his mother a Toyota Vios. A recent study by the Asian Development Bank shows that the number of immigrants with university degrees who left to work in richer nations in the Organisation for Economic Cooperation and Development surged 66 percent in the decade throughRead More
As two big economies chart a new course, some fear “regulatory arbitrage.” This is how a race to the bottom can start. In Washington, President Donald Trump has vowed to roll back the financial regulations passed after the 2008 crisis. In London, Prime Minister Theresa May, facing a possible exodus of bankers as Britain quits the European Union, has said she might fight any “punitive” trade measures from the EU with tax cuts or policy changes to attract investors and companies. At the same time, some EU member states couldRead More

Posted On April 25, 2017By HoudiniIn Articles

Broken Politics and a Fragile World Economy

The global economy is gathering momentum, the International Monetary Fund has declared. That’s probably correct and undeniably encouraging, but there’s an ominous discord between this economic expansion and what’s euphemistically called “political uncertainty” — that is, the stresses caused by surging anti-trade, anti-market, anti-immigrant populism. This “uncertainty” could be the prelude to some seriously bad policies, enough to derail one or more leading economies and stall the global expansion. And there’s another danger, less obvious but no less important: the prospect of chronic underperformance. Even if the new politics doesn’t bring theRead 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
Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month. By Karolina Tagaris | ATHENS At 73, Dimitra – who herself once helped the hard-up as a Red Cross food server – is among a growing number of Greeks barely getting by. After seven years of bailouts that poured billions of euros into their country, poverty isn’t getting any better; it’s getting worse like nowhere else in the EU. “ItRead More
THE former head of the US federal reserve has warned the euro is on the verge of collapse saying he has “grave concerns” about its future. By SIOBHAN MCFADYEN And revered economist Alan Greenspan says it’s time the European Central Bank (ECB) came clean about the state of the economy as the bank’s chief Mario Draghi scrambles to save the flailing institution. Mr Greenspan, 90, was the chairman of the Federal Reserve of the United States from 1987 to 2006, and predicted the scale of the US subprime mortgage scandal whichRead More