globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / October 24, 2014
Things are about to get more interesting in the EU as a review of budget procedures shows the UK, Greece, and Italy owe more money, but Germany and France will get money back.
Curiously, this came about following a review of non-profit organizations from churches and [...]
wolfstreet.com / by Wolf Richter / October 21, 2014
One of the threats, or perhaps the threat, hanging over the EU due to the sanctions fiasco has been the possibility that Russia could shut down the pipelines and stop deliveries of natural gas to European countries. It would be a way to escalate the [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 21, 2014
Over recent days there have been plenty of statements about the winter supplies of Russian gas to Europe. Majority of these fall to one side of the argument, alleging that Russia is likely to cut off gas shipments to Europe via Ukraine.
Here are [...]
yanisvaroufakis.eu / By yanisv / October 20, 2014
Now that the bubble of the Greek success story has, thankfully, burst, it is perhaps apt to take a good look at the track record of Greece’s finance minister: the talented Mr Gikas Hardouvelis. Readers that harboured hopes of a Greek turn-around (against this blog’s repeated [...]
21stcenturywire.com / October 20, 2014
21st Century Wire says…
Here is – the net result of all the US and EU backed protests and killings in the Ukraine since last November and crippling US-led sanctions since April 2014.
Today it was announced that the Ukraine has confirmed an agreement on a Russian winter gas price, [...]
news.goldseek.com / 20 October 2014
The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro “as soon as possible” and return to the lira.
Beppe Grillo, the leader of Italy’s Five Star Movement has shocked EU elites [...]
europac.net / By John Browne / Monday, October 20, 2014
As territory in the Middle East falls under control of the brutal fanatics of ISIL, many Americans may be wondering how this could happen in the backyard of major U.S. allies. In particular, frustration with Turkey’s reluctance to move against ISIL, even as it [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 18, 2014
In the week this was, much of my attention was on Irish economy (given the Budget 2015 shower of news), so here’s a quick catch up on Russian economy news.
Fresh off the printing press, Moody’s downgraded Russia credit ratings from Baa1 to Baa2. [...]
Marjory Collins Carpool for 3rd shift defense workers, midnight, Baltimore April 1943
theautomaticearth.com / by Raúl Ilargi Meijer / October 17, 2014
Da markets today sort of refound their – shaky – feet, oil up a dollar, EU exchanges up 3% or so, Greece even over 7%, while interestingly gold didn’t move much at [...]
Marjory Collins 3rd shift defense workers, midnight, Baltimore April 1943
theautomaticearth.com / by Raúl Ilargi Meijer / October 17, 2014
Greek bond yields have slid back into danger territory. They were at 9% last night, far higher than the 7% ‘barrier’ generally assumed to separate acceptable from unsustainable. Someone better do something quick. Left [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, October 16, 2014 10:50 PM
In the last three days, yield on the Greek 10-year government bond soared from 6.6% to over 9% before settling at 8.917%.
Prime Minister Antonis Samaras’ Gambit Explodes
Greek bonds yields had already been climbing with the rise of the radical [...]
zerohedge.com / by Tyler Durden on 10/14/2014 14:33
Having noted last week of the rising tensions between the French (pushing forward with plans for a budget deficit that far exceeds EU Treaty rules) and Germany (letting a Frenchman run EU’s finances is “an unwise personnel decision”) and Brussels (planning to reject the French budget); it [...]
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / October 14, 2014
Support for UKIP (United Kingdom Independence Party) hit a record high 25% following recent elections that gave UKIP its first ever seat in the British parliament.
Still that’s one seat out of 650. Is UKIP anything Cameron’s Tory party or Labour need fear?
In case [...]
news.goldseek.com / By Bob Loukas / 13 October 2014
The equity markets are finally seeing action that has even the most hardened bulls running scared. In the past, I’ve been quick to dismiss selling periods – Cycle Lows – as natural regression-to-the-mean events. In a bull market, an oscillating Cycle pattern of two steps [...]
thedailysheeple.com / by William Engdahl via New Eastern Outlook / October 12th, 2014
Russia and China, the two strategic Eurasian nations, are moving clearly to ultimately break free of the stranglehold of the Dollar System. On September 10 high-level talks took place between the two countries discussing establishment of an interbank money clearing system independent [...]
theautomaticearth.com / by Raúl Ilargi Meijer / October 9, 2014
Unknown Marble contest on Boston Common 1920
The world stock markets big see saw zig zags over the last few days seems to be a harbinger of more to come. Christine Lagarde has warned of a fresh pan-European recession and just this once she [...]
armstrongeconomics.com / by Martin Armstrong / October 8, 2014
Hollande is in deep trouble. His socialistic policies are destroying France. The European Commission in reviewing the budgets of the French Government find that they violate EU rules and no run the risk that they will be rejected by the EU. The Commission will ask [...]
armstrongeconomics.com / by Martin Armstrong / October 5, 2014
The interest rate policy of the European Central Bank has massive redistributive effects within Euroland. With every step it takes, the ECB continues to exploit Germany for the benefit of holding to the Euro by bailing out the rest of Europe. The German savers are [...]
edgetraderplus.com / by Michael Noonan / October 4, 2014
Without question, the least understood, least visible force that affects almost everyone’s lives, certainly in the Western world, is that of the elites, the moneychangers, the relative handful that controls everything, from the BIS, IMF, and down to the central bankers. These individuals remain nameless [...]
zerohedge.com / by Tyler Durden / 10/02/2014 11:40
Broad European stocks plunged into the red for 2014 today as a rattled Mario Draghi disappointed a hungry-for-more risk market. Bloomberg’s BE500 index dropped its most since June 2013 to 2-month lows led by weakness in Italian banks. UK stocks underperformed (-3.6%) but Spain, Italy, [...]