Everyone knows that the US government is bankrupt and has been for many years. But I thought it might be instructive to see what its current cash-flow situation actually is. At least insofar as it’s possible to get a clear...
Read MoreChina’s foreign-exchange reserves posted the first quarterly decline in more than a decade, as foreign investment moderated, the trade surplus narrowed and investors withdrew capital amid the global financial crisis. The...
Read MoreFrance and Austria lost their top credit ratings at Standard & Poor’s in a string of downgrades that left Germany with the euro area’s only stable AAA grade, hindering leaders’ efforts to stem the...
Read MoreThe U.S. government will spend beyond its means and the Federal Reserve will print money to juice up the economy as part of an election-year popularity ploy, says international investor Jim Rogers. “You have to remember...
Read MorePresident Barack Obama formally notified Congress today that that the government needs another $1.2 trillion in borrowing authority. The written certification to raise the debt ceiling to $16.394 trillion starts a 15-day clock...
Read MoreIn an interview with ET Now, Nouriel Roubini, Chairman,Roubini Global Economics, talks about the Eurozone crisis and shares his outlook for the region. Excerpts: Will 2012 be the year in which the euro unravels and the union...
Read MoreSpain and Italy’s borrowing costs fell sharply in bond auctions on Thursday. Spain borrowed 10bn euros ($12.8bn; ?8.3bn) – twice as much as its original target – paying an average interest rate below 4%. Its...
Read MoreThe KWN broadcasts can be found here and here
Read MoreI’m going to unlock this “Nightly Report” for everybody, because I wanted to clarify some things for people who are calling me crazy for saying that the silver “Bubble” might have burst. Two days...
Read MoreThe U.S. economic recovery marches on, the latest Fed Beige Book shows. Covering the month of December, all twelve Fed districts noted some level of expansion in activity, as the economy rode the holiday wave and increased...
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