By Mike “Mish” Shedlock (Guest Post) Following Threats of Troika Surveillance and Inspectors Headed to Italy to Verify the Italian Books it should be no surprise to find Italian bond spreads and yields surging to new...
Read MoreBy Frank Holmes (Guest Post) Federal Reserve Chairman Ben Bernanke announced this week that the Federal funds rate will stay near zero for now. He reasoned that the “low rates of resource utilization and a subdued outlook...
Read MoreBy Masood Ahmed (via iMFDirect) Judging by growth levels alone, the economies of the Caucasus and Central Asia are doing well. The region’s recovery from the global financial crisis is gaining momentum, with the oil and...
Read More(Guest Post) The past week in monetary policy saw 8 interest rate changes announced among the 12 central banks that met to review policy settings. Of those changing interest rates, those that increased rates were: Uganda +300bps...
Read MoreBy EconMatters Brookings just published a new study analyzing data on neighborhood poverty from the 2005-09 American Community Surveys and Census 2000, and here are some of the very depressing findings: Over a ten-year span, the...
Read MoreBy John C.K. Daly (Guest Post) Japan’s six reactor Fukushima Daichi nuclear complex has inadvertently become the world’s bell-weather poster child for the inherent risks of nuclear power ever since the 11 March...
Read MoreBy Central Bank News (Guest Post) The European Central Bank (ECB) cut its Main refinancing operations rate by 25 basis points to 1.25% from 1.50%. The Bank said “Owing to their unfavourable effects on financing conditions...
Read MoreBy Frank Holmes (Guest Post) Poland is setting the stage to become a rising player in the European natural gas market. Europe has long been reliant on Russia for its supply of natural gas, but domestic discoveries of shale...
Read MoreBy Doug ShortHere is a summary of the four market valuation indicators I updated yesterday: The Crestmont Research P/E Ratio The cyclical P/E ratio using the trailing 10-year earnings as the divisor The Q Ratio, which is the...
Read MoreBy Bruce Krasting The MF Global story gets more bizarre by the minute. At this point one has to ask if it could become a systemic problem. At first, I did not think so. I’m rethinking that. There is no definitive...
Read More
