Tag: government

Endless Supply of Rabbits? Greece to Make April 9 IMF Repayment; Bond Market Unimpressed; Tsipras Heads to Russia
April 4, 2015 0

Endless Supply of Rabbits? Greece to Make April 9 IMF Repayment; Bond Market Unimpressed; Tsipras Heads to Russia

By News Desk

Sure enough, Reuters reports Greece Says Ready to Make IMF Payment on April 9 Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days. Greece is fast running out of cash and its euro zone and International Monetary Fund lenders have frozen bailout aid until the new leftist-led government reaches agreement on a package of reforms. That prompted the interior minister to suggest this week that Athens would prioritize wages and pensions over the roughly 450 million euro ($490 million) payment to the IMF, though the government denied that was its stance

Factory Orders Unexpectedly Rise Snapping String of 6 Straight Declines
April 2, 2015 0

Factory Orders Unexpectedly Rise Snapping String of 6 Straight Declines

By News Desk

Factory Orders Unexpectedly Rise Snapping String of 6 Straight Declines After six straight months of factory orders unexpectedly declining, economists apparently were finally convinced that bad weather would continue indefinitely. Factory orders rose, albeit barely, and last month was revised way lower, nonetheless it was amusing to see economists expectations were in the wrong direction for the seventh straight month.

Historical Perspective on CPI Deflations: How Damaging are They?
March 31, 2015 0

Historical Perspective on CPI Deflations: How Damaging are They?

By News Desk

Yet another central bank has announced a warning about the perils of deflation. Please consider China Central Bank Calls for Vigilance on Deflation . China’s central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices