Ireland’s manufacturing is booming, services exploding, unemployment falling, and wages… well, wages…Here is the latest data for full year 2014 from Eurostat providing some comparatives:Ireland ranks on par with Italy and below all high income euro…
GE’s announcement that its getting out of the finance business should be a reminder of how crony capitalism is corrupting and debilitating the American economy. The ostensible reason for unceremoniously dumping its 25-year long build-up of its GE Capital mega-bank is that the company does not want to be regulated by Washington as a systematically important financial institution under…
An interesting note from the Fitch on the likelihood of success for Greek ‘bad bank’ set up here.Neat summary of the problem: “NPLs have reached staggeringly high levels. Fitch estimates that domestic NPLs at National Bank of Greece, Piraeus Bank, Euro…
Russian inflation reached 16.9% in March, year-on-year, highest since 2002, despite slowing month-on-month inflation. March inflation came in at 1.2% m/m, lower than 2.2% m/m in February.Slower m/m trend is down to Ruble re-valuation, so assuming no re…
Hillary Remains Clueless About Regulation on the 28th Anniversary of the Keating Five Meeting
They were jawing again this morning about the low “natural rate” of interest on bubble vision, implying that the workers of the world have succumbed to an atavistic fit of wild-eyed thrift. Gosh, the world is so inundated in a savings glut, averred Wall Street economist Ed McKeon, that the interest rate would be near zero—–even without the concerted action of the…
How much trouble is International Business Machines Corp. (NYSE: IBM) in? We recently talked to tech blogger and IBM book author Robert X. Cringely – and he sees a troubled road ahead.
One of the biggest cyberattacks ever happened to the State Dept. recently. And it made national news.
U.S. leaders keep showing us that they remain “The Gang That Can’t Think Straight” when it comes to international economic policy.
The prices of imported goods declined slightly less in March than expected. The forces weighing on both consumer prices and demand for domestically produced goods — notably the stronger U.S. dollar — are far from receding. Regarding prices, recent firming in oil and consumer prices have soothed concerns about disinflation, but if the April jobs […]