Tag: china

Fools in Cyprus to Sell Gold, Hike Corporate Taxes to Finance Small Part of Bailout
April 10, 2013 0

Fools in Cyprus to Sell Gold, Hike Corporate Taxes to Finance Small Part of Bailout

By News Desk

Whether out of complete stupidity or pressure from the IMF or Brussels (I suspect all three) Cyprus to sell around 400 mln euros worth of gold to partially fund its bailout. Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.

Meta-analysis in the middle
April 9, 2013 0

Meta-analysis in the middle

By News Desk

Tweet My general view both in general and as a policymaker in my small local-office pond is that a widely held (few expert dissenters) and strongly held (high confidence) consensus position might as well be a fact as far as the policymaking is concerned . A contradictory study is just that, a study. If it turns out to be accurate, then the consensus will eventually fracture soon enough and create problems for policymakers, but there’s no need or even a rational way for policymaking to jump the gun

Netherlands, the Next Chip to Fall?
April 7, 2013 0

Netherlands, the Next Chip to Fall?

By News Desk

First consider Underwater: The Netherlands Falls Prey to Economic Crisis . The Netherlands, Berlin’s most important ally in pushing for greater budgetary discipline in Europe, has fallen into an economic crisis itself

Incentivized to Cheat
April 6, 2013 0

Incentivized to Cheat

By News Desk

Incentivized to Cheat Posted by Michael Shedlock at 12:21 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)