Tag: psychology

France Unemployment New High, Output Down 15th Month; Prices Drop 27th Month; Activity Up in Peripheral Europe; Outlook for Germany
July 25, 2014 0

France Unemployment New High, Output Down 15th Month; Prices Drop 27th Month; Activity Up in Peripheral Europe; Outlook for Germany

By News Desk

Output prices down 27th month and accelerating Private sector employment down 9th month Service sector activity improved slightly Activity Picks up in Peripheral Europe Meanwhile, things improve elsewhere in Europe. The Markit European Composite report makes this headline claim: Flash PMI signals rebound in Eurozone growth but French woes persist. Eurozone economic growth rebounded in July, according to the „flash‟ estimate of Markit‟s Purchasing Managers‟ Index.

Argentina "Determined to Default" Second Time
July 19, 2014 0

Argentina "Determined to Default" Second Time

By News Desk

Argentina "Determined to Default" Second Time Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a vulture fund picked up an 8% share at rock bottom prices and refused to negotiate. In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on the small group of hold-outs.