zerohedge.com / by Tyler Durden / 02/20/2015 06:47 -0500
With the new and revised (until it is re-revised again to some future date), Greek D-Day set for today’s third in the past 2 weeks Eurogroup meeting, every favorable headline serves as a springboard for ES-buying algos, while every negative headline is promptly ignored. And […]
jessescrossroadscafe.blogspot.com / BY JESSE / 16 FEBRUARY 2015
“In Greek mythology Sisyphus (Greek: Σίσυφος) was the king of Ephyra. He was punished by the gods for his chronic deceitfulness by being compelled to roll an immense boulder up a steep hill, only to watch it roll back down, over and over again.” In the modern […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, February 12, 2015 9:11 PM
Talk of Compromise is in the air. Reports suggest that German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras may both be willing to compromise. However, details are still sketchy.
Bloomberg reports Greece, Germany Said to Offer Compromises on Aid Terms
zerohedge.com / by Tyler Durden / 02/07/2015 20:05
One of the bigger problems facing the new, upstart Greek government, which has set before itself the lofty goal of overturning 6 years of oppressive European policies and countless generations of Greek cronyism, corruption and tax-evasion is not so much the concern about deposit outflows and […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Monday, January 26, 2015 12:46 AM
One Short of Outright Majority
With vote counting nearly over, it appears Syriza captured exactly half of the 300 member Greek parliament with approximately 36.3% of the vote compared to 27.8% for New Democracy.
That was a solid trouncing, nearly double the 4-5% […]
zerohedge.com / by Tyler Durden / 01/25/2015 12:12
UPDATE: Greek Government official admits electoral defeat by Syriza
As AP reports,
A senior official in Greece’s governing conservatives has conceded defeat to the radical left Syriza party in Sunday’s national elections.
“We lost,” Health Minister Makis Voridis told private Mega TV. […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, November 06, 2014 3:43 PM
In Search of Austerity
In spite of the fact there has been little-to-no austerity to speak of in Europe, or anywhere else in the world for that matter, (rising government debt proves that claim), France moans about austerity, Spain moans about austerity, Italy […]
mises.org / by Peter St. Onge / Thursday, October 30, 2014
George Soros is back in the news telling Germany who to bail out this week. Soros is especially sore at Germans for promoting austerity, so it’s a great time to ask: does austerity grow an economy?
Why do we care? Investors want to […]
zerohedge.com / by Tyler Durden / 08/25/2014 08:02 -0400
Earlier this morning, those expecting an out of control European deflationary tumble got one step closer to their goal when French President Francois Hollande asked his prime minister, who only assumed the post a few short months ago in March, to form a new government, following […]
theorganicprepper.ca / Daisy Luther / July 7, 2014
Lots of experts will give you excellent advice on how to create a budget. Creating a budget is actually pretty easy. You figure out what your expenses are, take this from your income, and then figure out what to do with the money you have […]
zerohedge.com / by Tyler Durden / 05/08/2014 08:07 -0400
As The Fed tapers and shifts its decision-making process away from rules-based, model-backed strategies in favor of “we’ll know when to tighten when we see it” qualitative hand-waving, it seems the need to maintain teams of PhDs – to mutually masturbate over the […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Sunday, April 13, 2014 10:32 PM
The French have taken their crusade against austerity to the streets. Organizers say 100,000 hit the streets, government officials say 25,000.
The truth is likely to be somewhere in the middle, but as noted numerous times recently, prime minister Manuel Valls is […]
armstrongeconomics.com / by Martin Armstrong / March 28, 2014
The IMF (International Monetary Fund) announced on Thursday that a $14 to $18 billion “bailout” for Ukraine is contingent on Kiev’s imposition of stringent austerity measures. It is amazing that not even Obama would comply with such austerity. These people have no clue as to how […]
alt-market.com / Brandon Turbeville / Tuesday, 18 March 2014 04:54
If statements made by Deputy Prime Minister of Crimea, Olga Kovitidi, are to be taken as truth, the future of Ukrainians living under the yoke of Fascists, the European Union, and the IMF will be yet another example of the imposition of […]
armstrongeconomics.com / by Martin Armstrong / March 8, 2014
The care-taker leaders are the typical bureaucrats who will destroy Ukraine and everything the people have fought for. Oleksandr Vіktorovich Shlapak (Олександр Віталійович Шлапак) is the Ukrainian politician, bureaucrat, and the current Minister of Finance in Ukraine since February 27th. He offers NOTHING worthwhile for […]
mises.org / by Mark Thornton / Thursday, February 27, 2014
President Barack Obama has recently released his budget in which he calls for an “end of austerity.” This is an amazing statement from a president whose government has spent the highest percentage of GDP in history and added more to the national debt than […]
zerohedge.com / by Tyler Durden on 01/19/2014 20:39
Chalk this one up to US (f)austerity, and a $1.1 trillion omnibus spending bull that forgot to add Pentobarbital among the billions in pork spending.
Two months ago we reported that due to a shortage of Pentobarbital, Ohio would be unable to execute death row convicts. It […]
mybudget360.com / by mybudget360 / January 11, 2014
There was a big miss with the latest employment report. The addition of 74,000 jobs produced the weakest employment report going back to January of 2011. Yet part of this is not a surprise given the weak retail sales over the holidays at the expense of cash […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Monday, December 30, 2013 1:35 AM
Please consider a mass of grim statistics regarding Greece, via translation from the El Pais article: Ruined Greece takes the helm of the EU in the first half of 2014.
On January 1, Greece assumes the rotating presidency of the European Union in […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / Sunday, December 29, 2013
Austerity and crisis are not negative–they are the only dynamics that force smart thinking and the re-alignment of values, resources and strategic goals. Unsurprisingly, the status quo position on austerity (real or imagined)–that it’s terribly, horribly negative–is precisely backwards: austerity is the one essential […]