It should be obvious to anyone reading this blog that Spain is in an economic depression as well as bankrupt. It is equally obviously that eurozone imbalances and a flawed treaty are to blame. Finding mainstream organizations willing ...
score: 1 about 3 hours ago
The simmering stew between Germany and France boiled over again this week as German Central Bank Head Blasts France. France needs more time to get its budget deficit under control. That much was made clear last Friday when the Europe...
score: 1 about 14 hours ago
Here are some interesting charts by Deepak Shenoy on the India Housing Bubble. India HPI click on any chart for sharper image India home prices have been going up at a compound annual growth rate (CAGR) of 26% since March o...
score: 1 1 day ago
Brent vs. WTI Brent Crude Oil Spot Price Brent WTI Spread Brent WTI Spread Note the drop in the spread between the US West Texas Intermediate (WTI) crude future and the Brent future, a benchmark price of Europea...
score: 1 1 day ago
The Yen continued its plunge Wednesday evening (Thursday in Japan) dipping below the .99 level after having busted the 1.00 level to the downside for the first time since April 2009. click on chart for sharper image In response...
score: 1 1 day ago
There are some interesting moves in the forex markets today. Most notably the Yen cracked the 1.00 barrier. Yen Daily Chart click on chart for sharper image After flirting with 1.00 for three weeks, the Yen fell through toda...
score: 1 2 days ago
As Slovenia struggles to avoid an inevitable bailout, it pursues a plan that will instead make the size of the eventual bailout larger. Please consider the inane "Action Plan" for Eurozone Straggler Slovenia. The new government o...
score: 1 2 days ago
In an effort to stimulate small and medium (SME) lending the ECB considers acquiring banks toxic debt of the periphery. Via mish-modified translate from Spanish Libre Mercado. The European Central Bank (ECB) could "soon" start buyi...
score: 1 2 days ago
It's easy to spot a Fed-sponsored housing bubble if you look in the right places. The best place to start is an analysis of price inflation as measured by the BLS as compared to a CPI-variant that takes actual housing prices into conside...
score: 1 3 days ago
Spain's underground economy is reportedly 19% of GDP. Is it? Who knows? Whatever it is, Visa has its eyes on transaction fees while holding a carrot in front of the Spanish government regarding more taxable income. Via Mish-modified t...
score: 1 4 days ago