Tag Archives: Gross domestic product

PressTV: Eurozone collective debt hits new record high of 92.2%

Europe plunged into financial crisis in early 2008. Mon Jul 22, 2013 1:18PM GMT The EU agency further stated that the highest debt-to-GDP ratios were traced to Greece at 160.5 percent, Italy at 130.3 percent, Portugal at 127.2 percent, and … Continue reading

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U.S. GDP In First Quarter Worse Than Previously Announced, Exposing Austerity Folly

By Mark Gongloff Posted: 06/26/2013 8:30 am EDT Updated: 06/26/2013 11:15 am EDT Huffington Post A dramatic downgrade of U.S. economic growth in the first quarter revealed the economy’s lingering weakness, exposed the folly of Washington’s austerity obsession and slapped the Federal … Continue reading

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Reinhart, Rogoff… and Herndon: The student who caught out the profs

By Ruth Alexander BBC News Thanks to L.   This week, economists have been astonished to find that a famous academic paper often used to make the case for austerity cuts contains major errors. Another surprise is that the mistakes, … Continue reading

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Gold’s Death Cross is a buy signal for China

By Ambrose Evans-Pritchard, Economics The Telegraph, UK Last updated: February 21st, 2013 Gold price has dropped below $1,600 for first time in six months It is a treacherous moment for gold bugs. The first whiff of future tightening from the US Federal … Continue reading

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!!!!!!!!!!! How much has Ireland paid for the EU banking crisis?

Ireland has been declared a ‘special case’ by Angela Merkel – and these figures show exactly why, writes Michael Taft source: The Journal.ie Thanks to V! WITH CONSIDERABLE speculation about an impending deal on bank debt, with the Taoiseach and … Continue reading

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David Cameron’s referendum may never be necessary. . . a great update on where things stand. . . ~J

By Ambrose Evans-Pritchard Economics The Telegraph, UK Last updated: January 23rd, 2013 David Cameron’s pledge for an ‘in-or-out’ referendum on Europe will be overtaken by internal events long before we reach 2017. The vote may never be necessary. He is entirely right … Continue reading

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Revolutionary Japan is suddenly the centre of world affairs

So Japan may not slide into genteel oblivion after all. To the surprise of the Japanese people, their country is smack in the middle of two riveting dramas that threaten to upturn the global strategic landscape in short order. On … Continue reading

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