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IMF Halves Germany 2013 Growth Estimate; Still Too Optimistic
June 4, 2013 0

IMF Halves Germany 2013 Growth Estimate; Still Too Optimistic

By News Desk

IMF Halves Germany 2013 Growth Estimate; Still Too Optimistic With most of Europe in a nasty recession, and significant parts of it (Spain, Greece, Cyprus, Italy) in an outright economic depression, I wonder why it took so long for the IMF to Reduce Germany GDP Forecast . Germany’s 2013 growth prospects have been cut in half by the International Monetary Fund, as it warned that the outlook for Europe’s strongest economy could worsen if a eurozone recovery fails to materialise. The IMF said falling business investment and the eurozone’s ongoing recession, which have hampered German growth, meant the economy would grow by just 0.3pc this year, compared with an April estimate of 0.6pc

Reader from Finland Chimes in on Sweden Housing Bubble
June 2, 2013 0

Reader from Finland Chimes in on Sweden Housing Bubble

By News Desk

In response to Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules I received an interesting email from reader Antti who writes …. Hi Mish, An interesting factor, which is potentially going to amplify the pain (a lot) in Sweden is how their law is written regarding apartment buildings and ownership

Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules
June 2, 2013 0

Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules

By News Desk

Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules Average Swede to Repay Mortgage in 140 Years Swedish repay their mortgages so slowly that it will take 140 years on average , according to the IMF. The International Monetary Fund lamented Friday that Swedish households pay their mortgages so slowly that they are planning to do an average of 140 years.

Intellectual Dishonesty and Insanity on Steroids
May 31, 2013 0

Intellectual Dishonesty and Insanity on Steroids

By News Desk

I just finished reading The Smith/Klein/Kalecki Theory of Austerity by Paul Krugman and I believe it is the most disingenuous piece he has ever written. Krugman comes out blazing with the statement ” Noah Smith recently offered an interesting take on the real reasons austerity garners so much support from elites, no matter how badly it fails in practice.

March against Monsanto: Rallying for our Future
May 30, 2013 0

March against Monsanto: Rallying for our Future

By News Desk

May 30, 2013 ( RT – Eric Draitser ) – The worldwide March Against Monsanto this past Saturday was no mere political demonstration. Rather, it was a worldwide mobilization against corporate greed, the assault on our health and environment, and the oppression of small farmers. As the diverse crowd gathered in New York City’s Union Square on an unseasonably cold and rainy Memorial Day weekend – just as they did in hundreds of cities around the world – it was clear that Monsanto and the issue of health and food sovereignty transcends political ideology.

Steal this tactic
May 29, 2013 0

Steal this tactic

By News Desk

On opposing the National Rifle Association : What Bloomberg has embarked upon now is nothing less than the construction of a mirror image to the NRA.