Tag: finances

January 23, 2014 0

Liquidity Insurance

By News Desk

I made a nearly-identical statement yesterday in a comment regarding my post False Thesis of the Day: Huge Cash Pile Puts Recovery in Hands of Corporations; Cash Cow Revisited . " Cash is just not going to be used for the way Deloitte suggests

January 18, 2014 0

Greece Will Default in May Without Another Bailout or Change in Terms

By News Desk

Greece Will Default in May Without Another Bailout or Change in Terms Cash flow analysis shows Greece is in serious trouble again in spite of having a current account surplus. Specifically, Greece needs a change in payback terms or another bailout or it will default in August, if not May. I use the words "will default" imprecisely.

January 18, 2014 0

Delinquencies and Defaults in Spain Hit 13%, a 50-Year Record

By News Desk

Via translation from La Vanguardia, please consider Bank Defaults Hit Record 13% in November . Delinquency ratio of banks, savings banks, cooperatives and credit institutions operating in Spain rose again in November to 13.08%, a level not seen since the data began to be collected, over 50 years

January 16, 2014 0

Singapore Set for Icelandic-Style Property Bubble Meltdown; Hype or Reality?

By News Desk

First, please consider the article Why Singapore’s Economy Is Heading For An Iceland-Style Meltdown . Like Iceland in its heyday, Singapore’s economic stability and vitality – on the surface at least – has made it the envy of the world at a time when most Western economies are languishing with feeble growth, and high rates of unemployment and poverty.

January 11, 2014 0

Spaniards Expelled from Belgium for Abusing Illegal Immigrant Social Aid Handouts

By News Desk

Via translation from Libre Mercado , please consider Spaniards, among Europeans expelled from Belgium’s abuse of social aid programs . The Aliens Office of Belgium withdrew permission of residence to 323 Spaniards in 2013 because they  no longer meet the requirements, such as having an employment contract, being a student or have become self-employed, and thus prevent impose burdens exaggerated to the coffers of the Belgian Social Security.

January 10, 2014 0

Greece Industrial Production Declines 5th Consecutive Month, Unemployment New High of 27.8%; How Long Can Greek Coalition Last?

By News Desk

Those expecting an uptick in Greek GDP received some sobering news this past week. Macropolis reports Unemployment hit new high of 27.8 pct in October, set to rise further . According to the Hellenic Statistical Agency (ELSTAT), the seasonally adjusted jobless rate in October stood at 27.8 percent from an upwards revised 27.7 percent in the month of September