Tag: financial

Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences
August 13, 2012 0

Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences

By News Desk

Just 14% expect today’s children to be better off than their parents Just 31% believe the U.S. economy will be stronger in one year Just 27% think the country is heading in the right direction.  Just 24% of American Adults believe the job market is better than a year ago 44% think the job market is worse, up 15 points from June Demographics Suggest Majority is Right I happen to agree with the majority who think those now graduating from high school will not be better off than their parents. There are too few jobs, too much student debt, and too few workers supporting too many retirees on Social Security

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …
August 12, 2012 0

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …

By News Desk

Financial Times Alphaville picked up on the story in Chinese Banks’ Weapons of Mass Ponzi We wrote last week that China’s shadow banking system was reflecting and, to an extent, contributing to a growing liquidity risk which in turn is being exacerbated by net capital outflows. Since then, there have been some interesting revelations on the domestic liquidity management, especially in shadow banking, and especially especially in wealth management products

Tax Hike Indigestion in France
August 8, 2012 0

Tax Hike Indigestion in France

By News Desk

As a result "Les Riches" Have Tax Indigestion and are looking to move outside France. “We’re getting a lot of calls from high earners who are asking whether they should get out of France,†said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy

French Central Bank Admits the Obvious: France Back in Recession
August 8, 2012 0

French Central Bank Admits the Obvious: France Back in Recession

By News Desk

French Central Bank Admits the Obvious: France Back in Recession For those who who view matters on a practical basis, France has been in recession the entire year. For those who need to see two quarters of negative growth first, France slides back in recession . France is headed back into recession for the second time in just over three years, the country’s central bank warned on Wednesday.

Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone
August 8, 2012 0

Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone

By News Desk

Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone Posted by Michael Shedlock at 2:34 AM 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)

Birth-Death Model in Spain: 391,000 companies closed, 334,500 New Businesses Launched; Spain Lost 57,000 Companies in 2011
August 7, 2012 0

Birth-Death Model in Spain: 391,000 companies closed, 334,500 New Businesses Launched; Spain Lost 57,000 Companies in 2011

By News Desk

Statistics show Spain Lost 57,000 Companies in 2011 The number of active enterprises decreased 1.6% in 2011 and stood at 3,199,616. This is the fourth consecutive year of decline according to the latest update of the Central Companies Directory (CCD) released by the National Institute of Statistics (INE). During 2011 more companies ceased their activities (391,270) than were launched (334,516).

Crash in Spanish 2-Year Bond Yield; Monti Calls for More Crisis-Fighting Urgency; No Structural Problems Fixed
August 6, 2012 0

Crash in Spanish 2-Year Bond Yield; Monti Calls for More Crisis-Fighting Urgency; No Structural Problems Fixed

By News Desk

Bloomberg reports Monti Calls for More Crisis-Fighting Urgency in ECB Standoff Italy’s Prime Minister Mario Monti warned of a potential breakup of Europe without greater urgency in efforts to lower government borrowing costs, as a standoff over European Central Bank help for Italy and Spain hardened. Monti, in an interview with Germany’s Der Spiegel magazine published yesterday, said that disagreements within the 17- nation euro area are detracting from the policy response to the debt crisis and undermining the future of the European Union. Spain and Italy, whose surging borrowing costs have shunted them to the heart of the turmoil in the euro area, are resisting pressure from ECB President Mario Draghi to formally request aid in return for strict conditions before the central bank will buy their bonds