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While everyone's attention was focused on details surrounding the household sector in the recently released Q1 Flow of Funds report (ours included), something much more important happened in the US economy from a flow perspective, something which,...
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As virtual fantasy worlds go, Blizzard Entertainment’s Diablo 3 is particularly foreboding. Within this fairly straightforward gaming framework, virtual “gold” is used as currency for purchasing weapons and repairing battle damage.
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A few weeks ago, we wrote of the Swiss People's Party's efforts to gain enough signatures to force the Swiss National Bank (SNB), who 'supposedly' guarantees the price stability in Switzerland, to stop selling its gold reserves.
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Leading news site for global finance, economics, market, and political analysis.
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Sometimes you just have to sit back, gaze at some charts, and say WTF...
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France is engulfed by a political, economic and moral paralysis.
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Yesterday, we first reported on something very disturbing (at least to Cyprus' citizens): despite the closed banks (which will mostly reopen tomorrow, while the two biggest soon to be liquidated banks Laiki and BoC will be shuttered until Thursday)...
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Europe's paymaster - that would be Germany for those who have not paid attention to events over the past four years - is not used to being snubbed.
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While one night in Bangkok is enough for most, the following images (via Reuters) taken over nine days in Tiananmen Square, Beijing should highlight just how appalling the smog situation is in that country.
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Olivier Bonfond, économiste, conseiller au CEPAG, pour son livre «Et si on arrêtait de payer ? 10 Questions/Réponses sur la dette publique belge et les alter...
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Due to job destruction in the private sector that is gasping for air.
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In many respects, 2012 was a year of waiting: waiting for a path forward on the European debt crisis; waiting for the results of a polarizing U.S. election; waiting for the Chinese leadership transition; waiting for a resolution to the U.S.
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The ECB's original bond monetization program (the SMP) may now be defunct, having been replaced with the mythical OMT which will work as long as it never has to be used (see Spain), but its aftereffects linger on.
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Chaos Theory turns 50 years old this year, celebrating half a century of flapping butterfly wings in Brazil creating tornadoes in Texas. That most famous example is especially appropriate, since it was a meteorologist named Edward Lorenz who first...
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In the last few weeks, US macro data has missed expectant extrapolated hope expectations time after time.
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The state of Arizona may become the second state to use gold and silver coins as legal tender. Last week, Arizona lawmakers passed a bill that makes precious metals legal tender.
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The stock market is not crashing yet, but there are lots of other market crashes happening in the financial world right now. Just like we saw back in 2008, it is taking stocks a little bit of extra time to catch up with economic reality. But...
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"The stress is beginning to show," Kyle Bass warns during a wide-ranging interview with Bloomberg TV.
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Though Australia’s national balance sheet is comparatively quite strong, the government has been running at a net deficit for years... and they’re under intense pressure to balance the budget.
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There exists a super-Bernanke who proved also a super-Hollande, a gentleman who Japanese Prime Minister Shinzo Abe cannot compete with: his name is Robert Mugabe, the president of Zimbabwe.
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Refuting earlier comments from the regulator that Cyprus Popular Bank would not be shuttered, CYBC is reporting (following the failure to sell it to the Russians) that the bank is to be shut down, split into good-bank-bad-bank, and that deposits...
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For a mere 0.95% handling fee, the friendly German bankers are offering Cypriot depositors the opportunity to "take fast action and secure their deposits" with a rate between 3.0 and 4.5%.
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We don't know if it merely a coincidence that a story has emerged discussing a Chinese mobilization in response to the ongoing territorial feud with Japan over the Diaoyu/Senkaku islands (and the proximal massive gas field) the very week that China...
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What does it mean that China is making a lot of noise about the Federal Reserve’s loose monetary policy?
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One of those occasions when one picture really does speak a thousands words...
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Pierre JOVANOVIC, de retour de reportage en Grèce (décembre 2012), partage avec MEDIA-INVESTIGATION.COM cette expérience qu'il compare avec la situation fran...
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