International

Wednesday, January 4th, 2012
Other than Germany and France the European countries seem to be in a holding pattern following the agreements between Germany and France. These two countries seem to be driving the crisis and the future of the Euro.
Wednesday, January 4th, 2012

China's banks use gold as legal currency

A prominent economist says that China's economic importance is growing strong and steady that the ailing US and EU economies will exchange their gold reserves for Beijing's financial bailouts.

Thursday, December 29th, 2011

World leaders probably spent more time worrying about the eurozone crisis than anything else in 2011.

Wednesday, December 28th, 2011
The election of Spain's new President of Government, Mariano Rajoy, has produced quite a few expectations. His plan seems to go against the tide on some focal points regarding the problems of the European Crisis.
Wednesday, December 28th, 2011
A few days ago, Paul Krugman defended the position that "Friedrich Hayek is not an important figure in the history of macroeconomics." This triggered quite a few reactions (
Wednesday, December 28th, 2011
The economic establishment in this country has come to the conclusion that it is not a matter of "if" the United States must intervene in the bailout of the euro, but simply a question of "when" and "how".
Wednesday, December 28th, 2011
Bombastic European Speaker Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy) shows American representatives how it should be done.  He attacks the failed currency union, unelected bureaucrats, and buying debt with debt.
Thursday, December 22nd, 2011
A recent news item in The  Washington Times describes the political situation among European countries.
Monday, December 19th, 2011
It’s amazing how so many people don’t get gold. It’s only been 40 years since the dollar was completely severed from it’s once proud golden heritage, yet most finance and econ people are wont to consider gold just another commodity—and a not very “useful” one at that.
Thursday, December 15th, 2011
Strange and amazing things happen when sovereign debt levels get out of hand.
Monday, December 5th, 2011
The European Monetary Union is evolving like a slow-motion train-wreck these days.
Friday, December 2nd, 2011
The Baring Crisis of 1890 is pointed out as the first modern international emerging financial crisis. The collapse of the banking system in Argentina came very close to triggering a financial crisis in London, the major international financial center.
Monday, November 28th, 2011
In recent days, Europe has seen two governments fall: the Prime Ministers from Greece and Italy. New governments where formed. Besides these important changes, the financial markets did not calm down; volatility and uncertainty did not go away as former governments did.
Sunday, November 20th, 2011
The recent political events in Europe, especially the situation in Greece and in Italy, brought new concerns about the situation in Europe and the future of the Euro. If countries do not honor their debts, how hard will their economy be hit?
Wednesday, November 16th, 2011
The financial, and fiscal, crisis in Europe has brought doubt to the future of the Euro. Can it persist, or are we witnessing the end of the Euro? But, if the Euro is to be abandoned, how will the transition play out?
Wednesday, November 2nd, 2011

EU and U.S. debt are interlinked through the banking system.

Sunday, October 16th, 2011
Score Update: Government beating economy 21-3 late in 4th quarter…I hate to use sports metaphors when talking about the economy because, while the two realms share some basic themes (like competition), their outcomes are radically different.
Friday, August 12th, 2011
Today in the New York Times Paul Krugman calls for "an all-out effort by the Federal Reserve to get the economy moving, with the deliberate goal of generating higher inflation to help alleviate debt problems

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