By David Haggith, The Great Recession Blog The developing Epocalypse will become the super-volcano of economic history, and this week revealed cracks in the surface that give hints of the eruption to come. It was a week of crumbling throughout global stock markets that has challenged records. Thursday, Hong Kong stocks suffered their worst start of … Continue reading
By Michael Snyder There is so much chaos going on that I don’t even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let’s start with Deutsche Bank. The stock of the most important … Continue reading
By Christina Lin The ancient Silk Roads crossed Eurasia to link trade between China and its Greco-Roman trading partners until the Ottoman Empire cut it off in the 1400s. With the newly revived One Belt, One Road (OBOR) Initiatives under Chinese President Xi Jinping, will it meet the same fate as Turkey’s President Erdogan asserts his … Continue reading
Twenty-one of the largest 22 emerging market economies that are tracked by JPMorgan have had their economic growth forecasts cut in its 2016 consensus economic growth forecast. Of the total 22 emerging market countries tracked by JPMorgan, the Czech Republic was the only exception, whose economic growth is forecasted to stay flat. Widely acknowledged as troubled economies, Brazil, Greece, and … Continue reading
According to the latest news update from Russian and Turkish sources, these days there is a mobility in terms of launching a series of initiatives both at the diplomatic and technocratic level, in order to reach a final agreement between the Turkish energy company BOTAS & Russia’s Gazprom for the construction of the Turkish Stream … Continue reading
By Gustav Andersson, BullionStar If you’d suggested just a few years ago that we’d soon be living in a global economic landscape in which an increasing number of central banks would have their interest rates set to zero, or even negative, most people would have thought you where outright mad. What seemed crazy and absurd then is … Continue reading
By Jeff Desjardins, Visual Capitalist The European Union has always been primarily a political project. The idea of the union was to take peoples that had long and complicated histories, and to place them in a situation where they must work together and shed their differences in order to achieve success. From the political angle, it can … Continue reading
By Kalu Ojah Ever since Nigeria started harvesting its petroleum endowment, its economy’s umbilical cord has avoidably been firmly tied to the volatility of this commodity’s price. This vulnerability is demonstrably reflected in that about 65% to 70% of annual government expenditure comes from oil revenues. Historically, it’s been as high as 90%. And every downturn … Continue reading
Karl-Friedrich Israel and Jeff Deist discuss the current situation in Greece from Karl’s perspective as a German. Old hostilities between the north and south in Europe are being inflamed, which calls into question the entire purpose of the Eurozone. Would Greece be better off simply leaving the Euro and resurrecting the drachma? Would the less … Continue reading
By Nick Dearden I’ve just had sight of the latest privatisation plan for Greece. It’s been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with selling off an eye-watering €50 billion of Greece’s ‘valuable assets’. The fund was a real sticking point … Continue reading