Tag Archives: Gross domestic product

U.S. growth slows as inventory accumulation wanes

By Lucia Mutikani | Reuters  WASHINGTON (Reuters) – U.S. economic growth likely cooled modestly in the first quarter as replenishing of inventories by businesses slowed, though stronger demand for automobiles and a lift to homebuilding from warm weather blunted the blow. Gross domestic product is … Continue reading

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Marc Faber Discusses Imminent Market Crash, a Recession in China, Says Fiscal Condition of US a “Catastrophe”

Inquiring minds are listening to Marc Faber on the global economy. Link if video does not play: Marc Faber speaks of Imminent Market Crash Faber says China faces a recession defined as a slowdown to 3%. Interestingly, 3% is the same … Continue reading

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Billions wiped off Europe’s biggest companies as political rebellion rocks eurozone

More than £122.3bn was wiped off the value of Europe’s biggest companies on Monday amid fears that the eurozone’s commitment to austerity was being swept away by political rebellion – just as its debts hit record levels. Stockmarkets plunged as … Continue reading

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Spain plans to strip regions of powers in bid to calm markets

Madrid is plotting to strip Spain’s regions of their powers in a radical bid to convince global investors that the nation can control its finances. Spain’s borrowing costs rose to 6.08pc, plunging deeper into the territory considered unsustainably expensive Photo: Alamy … Continue reading

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China’s economic growth slows to three-year low of 8.1pc

China’s economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading raising investor concerns that a five-quarter long slide has not bottomed and that more policy action would … Continue reading

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Eurozone debt crisis: how Greece could exit the euro

As global companies draw up contingency plans for a Greek exit from the euro, we examine the feasibility of Athens’ departure – from new drachmas to illegality and €1 trillion costs. In the event of an exit, Greece would create … Continue reading

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Debunking The Myth Of The Out-Of-Control Federal Government

24/7 Wall St. | Mar. 9, 2012, 10:45 AM | 919 | 22 Federal spending has been above the historical average in the past few years and is expected to stay above average after the economy recovers. Does this mean we are witnessing a permanent … Continue reading

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Iceland’s Viking Victory

Ambrose Evans-Pritchard Ambrose Evans-Pritchard has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now … Continue reading

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In The Meantime Iceland Is #Winning – Perhaps this is why the press has been so silent about Iceland. ~J

Submitted by Tyler Durden on 02/17/2012 10:47 -0500 Zerohedge.com While Greece and Europe continue sinking ever deeper into the colonial quicksand of Pax Goldmania, Iceland, which blew up, pushed its banks into bankruptcy, and arrested its corrupt bankers, is well on its … Continue reading

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For Greece a tear, for Brussels a blush

By Ambrose Evans-Pritchard Economics Last updated: February 8th, 2012 The Telegraph, UK  Will Greece comply with the Troika’s diktats? Very quickly: some of you will have seen that Greece’s tax revenue from VAT collapsed by 18.7pc in January from a year earlier. Nobody … Continue reading

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Jim O’Neill: Welcome to a future built in BRIC

After 10 years of emerging market growth it is time for a new world order – with the BRICs taking their rightful place at the top table , says economist Jim O’Neill in an extract from ‘The Growth Map: Economic … Continue reading

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Warren Buffett says he can end the deficit in five minutes!

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling: “I could end the deficit in 5 minutes,” he told CNBC. “You just pass a law that says that anytime there is … Continue reading

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Will Finland be the mouse that roars and be the first to leave the euro?

by Damian Reece | The Telegraph October 12 2011 Markets rallied today on the hope that Europe was edging closer to paying the appalling cost of underwriting its debtor nations and recapitalising its banks to allow a Greek default. Strange … Continue reading

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11 Facts About Biggest Banks

By Pat Garofalo, Think Progress 08 October 11 11 facts you need to know about the nation’s biggest banks. he Occupy Wall Street protests that began in New York City more than three weeks ago have now spread across the … Continue reading

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Greece budget deficits miss bailout targets

@CNNMoney October 2, 2011: 9:15 PM ET Public sector employees carry a banner, reading: “No Layoffs,” as they demonstrate outside the Greek Parliament last month. NEW YORK (CNNMoney) — The Greek cabinet announced late Sunday that it adopted a draft budget … Continue reading

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FROM MISH: IMF Officials say Troika Expected to Approve September Greek Loan Tranche; Papandreou, IMF Clearly Delusional; Greek 1-Year Bond Yield Hits 139%

The humane thing to do to a rabid dog is put it out of its misery. The humane thing to do to Greece is the same. Instead, officials in Germany, the EU, and IMF insist on putting Greece through another … Continue reading

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Two posts from Mish that show the lay of the land – worth the read.

Monday, September 12, 2011 4:35 AM Greek 1-Year Debt Yield Hits 108%, Still No Comment From Trichet; U.S. and Germany 10-Year Yields at New Record Lows Greece 1-Year Government Bond Yield I have been expecting Greek yields to surpass 100% … Continue reading

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From Mish – Common Sense from Eurozone Member Estonia: “Illogical to Exclude the Possibility of Bankruptcy”

In this situation, I think Mish’s comments are right-on. ~J Common sense sometimes turns up in unexpected places, in this case, Estonia. Please consider Eurozone: “illogical” to exclude bankruptcy countries, says the Estonian Minister of Finance The economy minister of Estonia, … Continue reading

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When debt levels turn cancerous

Ambrose Evans-Pritchard Ambrose Evans-Pritchard has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now … Continue reading

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Wall Street cheers Bernanke’s calm . . . [nothing to be added here, I think]

The Dow rises more than 100 points after the Fed chief postpones any stimulus moves until September. The White House and Congress need to act, too, he says. Techs are strong. Gold climbs as oil slips. By Charley Blaine on Fri, Aug … Continue reading

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