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armstrongeconomics.com / By Martin Armstrong / May 12, 2014
Australia has been a resource-rich country that was used to running a surplus in the years headed into the 2007 financial crisis. The deficit now has a lot of people concerned in Australia – but not all. Australia is a highly socialistic country with very vocal [...]
goldbroker.com / By Philippe Herlin / April 24, 2014
« 50 billion euros in savings », stated Manuel Valls, the new Prime Minister, on April 15th. The announcement hit like thunder : After many hesitations, France is becoming aware of its difficult situation and takes vigorous action. Public spending has never decreased in 40 [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Saturday, April 05, 2014 9:07 PM
Francois Hollande’s new government is of to a shaky start.
The European Commission told Manuel Valls, Hollande’s new Prime Minister to “be more like Spain”, and impose more austerity to meet deficit targets. The irony of course is that Spain has failed at [...]
Plenty of excuses out there for this evening’s collosal miss in Chinese exports (-18.1% YoY vs an expectation of a 7.5% rise) mainly based on timing issues over the Lunar New Year (but didn’t the 45 economists who forecast this data know the dates [...]
zerohedge.com / by Tyler Durden / 01/13/2014 19:35 -0500
Any day, month, quarter, year, decade now; Goldman Sachs’ mythical J-Curve will arise from the cinder-strewn ashes of Japan’s current account. Japanese bond markets are rallying and JPY is weakening modestly after Abe’s increasingly disapproved-of government announced the worst balance of payments current account deficit on [...]
blog.milesfranklin.com / Andrew Hoffman / December 17th, 2013
There are times that even I am at a loss for words, and this is one of them. Perhaps I should have known better; but then again, I am not a government budget expert, and don’t have the time to analyze what the entire world failed [...]
silverdoctors.com / by Market Update / DECEMBER 17, 2013
In a search for the latest current account numbers of some European countries we stumbled upon an interesting page on Wikipedia. The page contained the cumulative current account balance of practically all countries in the world between 1980 and 2008, using data from the IMF [...]
yanisvaroufakis.eu / By Yanis Varoufakis / December 7, 2013
For the first time since the beginning of the bailout, the Greek authorities promised to oppose the demands of the troika and stated that it will not apply new austerity measures for the budget of 2014. Do you believe that, at the end, Samaras’ government [...]
zerohedge.com / by Tyler Durden on 12/04/2013 08:53 -0500
Moments ago, the Census Bureau announced that in October the US trade gap narrowed to $40.6 billion (which still missed expectations of “only” a $40 billion deficit) from an upward revised September deficit of $43 billion, as oil sales boosted exports to record [...]
The nonpartisan Congressional Budget Office is acting in a bipartisan way to cover up the biggest single threat to the bipartisan political alliance that is stripping America of its wealth: the United States Congress.
There is no question that the following policy is bipartisan. [...]
"Only a tiny fraction of the contents of that box is actually food. Your ancestors would not recognize this as food at all. If you dare to eat this, you are consuming a food substitute that is being passed off to you because there is no food left for the likes of us. Most of what is being sold in the grocery store is NOT ACTUALLY FOOD. It is food-like substances. It is a pile of chemicals masquerading as food to satiate hunger and deceive those who consume it into believing that they are eating food and ingesting nutrients. The illustration looks like the food that the substance inside all of the packaging is supposed to taste like. Perhaps it is a juicy roast beef dinner with mashed potatoes, savory gravy, and carrots. Your brain processes this visual stimuli and expects that the substance contained within is indeed “food.” But it isn’t. It’s a scam. People go to the store to buy food, but they are sold something else, something that only pretends to be food." - Daisy Luther, nutritionalanarchy