Another one bites the dust! China has joined other global Central Banks in financial stimulus by lowering their bank reserve ratio. China’s leaders swung into stimulus mode, cutting the amount of cash lenders must set aside as reserves by the most since the global financial crisis just days after a report showed the slowest economic […]
Stocks were sailing toward new record highs last week until they suddenly came crashing down on Friday. The shift occurred after China took steps to rein in its parabolic market by easing restrictions on short selling and raising margin requirements.
Preliminary data for Russian balance-of-payments for 1Q 2015 shows current account surplus slipping to USD24 billion down to just over 3% of GDP over the 12 months through 1Q 2015.Exports fell 30% y/y in USD terms, on foot of c. 50% drop in Urals grade…
Are falling prices of goods and services really costly in terms of economic growth?
Risks to the euro area’s ongoing economic recovery have risen recently as Greece once again takes center stage.
According to the Russian Finance Minister, Anton Siluanov, Fitch postponed formal ratings review and held Russian ratings at BBB-
Financial engineering is one of the worst ills perpetuated by the Fed’s regime of cheap debt and money market subsidies for speculation. And these deformations are turbo-charged by the tax code which creates a powerful bias toward loading capital structures with tax deductible debt, and to delivering returns as lightly taxed capital gain rather than…
I don’t know why the economics cognoscenti pay much less attention to the Labor Department’s inflation-adjusted wage figures than to those that don’t take into…
Gold bugs are still waiting on the great hyperinflation that will cause the U.S. dollar to fold over and send gold soaring to the heavens to the tune of $5,000.
A rush of buying has led to some highly overvalued oil stocks.