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 [...]
bbc.com / 21 April 2014
Japan’s trade deficit quadrupled in March as export growth slowed and energy imports continued to rise.
A weak Japanese currency, which pushed up the cost of imports, also contributed to the widening gap.
The deficit rose to 1.45 trillion yen ($14bn; £8.4bn), up from 356.9bn yen during the [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Sunday, April 06, 2014 11:41 PM
Prime minister Mariano Rajoy is likely as serious about cutting taxes now as he was in December 2011.
Recall that at the start of the 2012 I noted Promises Go Out the Window as Spain Undertakes Huge Tax Increase Coupled With Biggest [...]
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 [...]
telegraph.co.uk / By Szu Ping Chan / 28 Mar 2014 12:23PM GMT
On an annual basis, the current account deficit rose to 4.4pc of GDP – or £71bn – in 2013, slightly narrower than the deficit of 4.6pc of GDP recorded in 1989.
Britain’s yawning current account deficit hit its second widest level on [...]
zerohedge.com / Tyler Durden / 03/07/2014 22:20 -0500
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 [...]
Total consumer loans (more than 95% of this are student loans) owned by the federal government. With not a hint of irony, it was decided to abbreviate this data series as ‘TOTALGOV’
acting-man.com / Pater Tenebrarum / January 30, 2014
We Must Cut the Deficit and Somehow Still Spend a Lot
Yesterday the [...]
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 [...]
etfdailynews.com / November 25th, 2013 / By Jeff Clark
Jeff Clark: Can you name a commodity that’s currently in a supply deficit—in other words, production and scrap material can’t keep up with demand? How about two?
If you find that difficult to answer, it’s because there aren’t very many.
When you do find one, [...]
garynorth.com / By Gary North / November 15, 2013
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. [...]