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Submitted by Michael Snyder via The Economic Collapse blog, Are American workers paid enough?
THERE have been some odd combinations of market movements in recent months: rising bond yields and a falling gold price, a rebound in developing markets while emerging markets and commodities struggle.
The Financial Times notes that Italy faces billions in losses on Derivatives Restructured in Eurozone Crisis.
As we pointed out here, the impact on both 'real' housing affordability of surging mortgage rates is extremely significant for the so-called 'housing recovery' but as Charles Hugh-Smith notes, there is a more insidious (inflation-like) effect...
Curve Watchers Anonymous has its eyes on the bond market as the quarter comes to a close today. It's been a very bad stretch for US treasuries as the chart below shows.
Financial Times June 20, 2013 The International Monetary Fund is preparing to suspend aid payments to Greece by the end of next month unless eurozone leaders plug a €3bn-€4bn shortfall that has opened up in Greece’s €172bn rescue programme,...
One year ago, the ECB faced with an imminent collapse of the house of peripheral cards literally made up a bazooka: one so big and loud the market had no choice but to assume Draghi and company were not joking and actually knew what they were doing...
Charles Gave of GaveKal has a fascinating summary of where the nearly five-year long experiment in central-planning has taken the US, and by implication, global economy. To wit: What kind of failure?
by Leonor Coutinho Centre for European Policy Studies June 14, 2013 In her examination of the capital controls that have been in place in Cyprus since March 27th, Leonor Coutinho asks how soon can they be lifted and whether the recapitalisation...
Initial Reaction The establishment survey showed a gain of 175,000 a reasonably good but not spectacular print. The bright spot was involuntary part-time employment only rose by 26,000 so most of the jobs were (for a change) full-time jobs.
Submitted by Michael Snyder via The Economic Collapse blog, This is no time to be complacent. Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine. In fact, a whole...
The stock market has done well even as interest rates have recently climbed — a challenge to a popular notion.
Despite 'market-based' appearances (CAC near price highs and OATs near low spreads), the reality in France is dismal and growing more dismal.
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Submitted by Michael Snyder via The Economic Collapse blog, When you get into too much debt, really bad things start to happen. Sadly, that is exactly what is happening to Italy right now. Harsh austerity measures are causing the Italian economy...
If the worst retail sales number in 12 months doesn't send the S&P to 1,700 nothing will.
Remember the key component of the Fed's baffle with BS strategy: namely "baffle with BS."
Following yesterday's epic trifecta of economic growth when durables, housing and confidence data all slammed expectations, it was up to GDP to be the bad cop.
One of the main reasons the entire debt-fueled house of cards propping the western financial system, hasn't collapsed in a smouldering heap so far - a development that has stumped all those who think of the Reinhart-Rogoff sovereign debt matrix as...
Though today’s lower yields provide less of a cushion, bonds still remain the best, if imperfect, foil to stocks.
When the S&P, always so conveniently ahead of the curve, yesterday revised its forecast for Europe from growth in the second half of 2013 to 2014 one couldn't help but golf clap, as well as wonder if they finally started looking at the fundamental...
In a confirmation that the S&P is starting to get worried about the drones surrounding the McGraw Hill building resulting from the ongoing litigation with Eric Holder's Department of Injustice, not to mention a reminder that US downgrades always...
by Martin Masse Mises Daily June 11, 2013 Most European economies have been in recession, or close to it, since the beginning of 2012. Unemployment rates are reaching record highs.
Somewhere deep down inside the European Union's leaders must know how foolish they are with their constant proclamations that the worst of the crisis is over and that growth will return any moment now.
As warned previously on these pages, the US is in a recession… again. The latest ISM reading came in at 49. Any reading below 50 is considered recessionary. And an ISM of 49 is the worst in four years.
Ireland has seen its youth unemployment rate drop for 10 of the last 11 months and has dropped to a 'mere' 26.6% - the lowest since July 2010 - in what is truly the only possible silver lining in today's absolutely dreadful data release.
Is it time to buy Gold miners? The precious metals mining sector was slammed with Gold’s sharp drop in prices in April.
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