Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Strict Standards: Declaration of UserSettings::get() should be compatible with AbstractSettings::get($col_key1, $col_key2 = NULL, $col_key3 = NULL) in /home/marketch/public_html/blogs/inc/users/model/_usersettings.class.php on line 0

Strict Standards: Declaration of UserSettings::set() should be compatible with AbstractSettings::set() in /home/marketch/public_html/blogs/inc/users/model/_usersettings.class.php on line 0

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 304

Warning: Cannot modify header information - headers already sent by (output started at /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php:223) in /home/marketch/public_html/blogs/inc/sessions/model/_session.class.php on line 222

Strict Standards: Declaration of BlogCache::get_option_list() should be compatible with DataObjectCache::get_option_list($default = 0, $allow_none = false, $method = 'get_name', $ignore_IDs = Array) in /home/marketch/public_html/blogs/inc/collections/model/_blogcache.class.php on line 0

Strict Standards: Declaration of Blog::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/collections/model/_blog.class.php on line 54

Strict Standards: Declaration of Blog::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/collections/model/_blog.class.php on line 54

Strict Standards: Declaration of Skin::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/skins/model/_skin.class.php on line 0

Strict Standards: Declaration of CollectionSettings::_load() should be compatible with AbstractSettings::_load($arg1 = NULL, $arg2 = NULL, $arg3 = NULL) in /home/marketch/public_html/blogs/inc/collections/model/_collsettings.class.php on line 0

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Strict Standards: Declaration of ItemListLight::query() should be compatible with Results::query($create_default_cols_if_needed = true, $append_limit = true, $append_order_by = true, $query_title = 'Results::Q...') in /home/marketch/public_html/blogs/inc/items/model/_itemlistlight.class.php on line 48

Notice: Array to string conversion in /home/marketch/public_html/blogs/inc/_core/_param.funcs.php on line 1199

Notice: Array to string conversion in /home/marketch/public_html/blogs/inc/_core/_param.funcs.php on line 1199

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Cannot modify header information - headers already sent by (output started at /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php:223) in /home/marketch/public_html/blogs/inc/_core/_template.funcs.php on line 59
Economics

Strict Standards: Declaration of ComponentWidget::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/widgets/model/_widget.class.php on line 0
  • Home

  • Strict Standards: Declaration of ItemTypeCache::get_option_array() should be compatible with DataObjectCache::get_option_array($method = 'get_name', $ignore_IDs = Array) in /home/marketch/public_html/blogs/inc/items/model/_itemtypecache.class.php on line 0

    Strict Standards: Declaration of User::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0

    Strict Standards: Declaration of User::dbdelete() should be compatible with DataObject::dbdelete() in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0

    Strict Standards: Declaration of User::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0
  • Contact
  • Log in
 

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Pages: << 1 ... 76 77 78 79 80 81 82 83 84 85 86 ... 161 >>

07/08/10


Strict Standards: Declaration of GenericCategoryCache::clear() should be compatible with DataObjectCache::clear($keep_shadow = false) in /home/marketch/public_html/blogs/inc/generic/model/_genericcategorycache.class.php on line 49

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 304

Strict Standards: Declaration of GenericCategory::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/generic/model/_genericcategory.class.php on line 45

Strict Standards: Declaration of Chapter::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/chapters/model/_chapter.class.php on line 38

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334
Olivier Blanchard about the revised upward growth outlook of the IMF (video)

Permalink 02:48:43 pm, by editor of MarketObservation.com, 1 words   English (US)

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334
Categories: Economics Global

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334
Permalink 11:46:30 am, by editor of MarketObservation.com Email , 131 words   English (US)
Categories: Economics Europe

EuroIntelligence: The stress tests are finalised, July 8, 2010

So there are the final data about the stress tests. They will include 91 banks in the eurozone, accounting for some 65% of all banking assets. There will be three scenarios, the ECB’s forecast growth scenario, an economic downturn, and higher risk surcharges for government bonds. Among those there are 19 Spanish banks, and 14 German, according to El Pais. The test results will be published on July 23. Bloomberg writes that the stress tests would include a 3 per cent haircut on Spanish, and a 17% haircut on Greek debt. This is less what investors expect, at least according to recovery swaps, which are trading at rates that imply investors would get back about 40% in a Greek default or debt restructuring. read more

Keywords: Europe, European Crisis, Bank Stress Test

Permalink 06:45:43 am, by editor of MarketObservation.com Email , 47 words   English (US)
Categories: Economics Europe

CNBC: IMF Lifts 2010 GDP Forecast, Flags Europe Debt Risk, July 8, 2010

The International Monetary Fund on Thursday upgraded its 2010 global growth forecast, on the back of robust growth in Asia and renewed U.S. private demand, but flagged big risks to the recovery from Europe's debt problems. read more

Permalink 06:41:58 am, by editor of MarketObservation.com Email , 223 words   English (US)
Categories: Economics Europe

Daniel Gros explains why the huge European Euro 750 billion rescue package has left markets unimpressed:

Project Syndicate: Europe’s Banks, Europe’s crisis, by Daniel Gros, July 7, 2010

Here is an excerpt of the article, giving reasons:

"A key reason why Europe’s financial markets remain nervous is that, officially, there is no problem. Officially, Greece does not have a solvency problem, and restructuring of its public debt is not an option. Similarly, in Spain, the official line is that the domestic banking sector is well capitalized.

The first rule of dealing with financial-market turbulence should be to acknowledge the truth and scale of the problems at hand. Greece’s experience has shown that pretending that problems do not exist can result in a self-reinforcing spiral of increasing risk premia and declining confidence.

In this respect, the publication of the results of “stress tests” conducted on the EU’s 100 largest banks, promised for the end of July, is a clear step forward.

But there is a second and more disturbing reason why financial markets remain unsettled: large swathes of the European banking system remain vastly undercapitalized. According to ECB statistics, eurozone banks have about ?20 of liabilities (including interbank debt) for every euro of capital and reserves. This implies that for every capital loss of one euro lurking in some bank, there will be about ?20 of doubtful debt."

07/07/10

Permalink 11:07:13 pm, by editor of MarketObservation.com Email , 5 words   English (US)
Categories: Economics Global

Keywords: Rational Behavior, Trust, Revenge

Permalink 07:12:55 am, by editor of MarketObservation.com Email , 72 words   English (US)
Categories: Economics Europe, Economics Global

Voxeu.org: Fiscal consolidation as a policy strategy to exit the global crisis, by Giancarlo Corsetti, July 7, 2010

Are governments right to start cutting their deficits? This column presents good news and bad news. It supports a strongly precautionary approach to fiscal consolidation, but warns of the macroeconomic costs that come with each additional cut in the deficit. The financial crisis is not over yet. Read more on Vox

Keywords: Austerity, Fiscal Consolidation, Deficit

07/06/10

Permalink 10:51:57 pm, by editor of MarketObservation.com Email , 8 words   English (US)
Categories: Economics Europe

Strict Standards: Declaration of File::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/files/model/_file.class.php on line 0

Strict Standards: Non-static method FileRoot::gen_ID() should not be called statically, assuming $this from incompatible context in /home/marketch/public_html/blogs/inc/files/model/_filerootcache.class.php on line 131

Strict Standards: Declaration of Filetype::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/files/model/_filetype.class.php on line 0

Source: Spiel Online International

Keywords: German Economy, Growth


Strict Standards: Non-static method FileRoot::gen_ID() should not be called statically, assuming $this from incompatible context in /home/marketch/public_html/blogs/inc/files/model/_filerootcache.class.php on line 131
Permalink 09:31:39 pm, by editor of MarketObservation.com Email , 11 words   English (US)
Categories: Economics United States
Permalink 03:54:38 pm, by editor of MarketObservation.com, 24 words   English (US)
Categories: Economics Europe

Strict Standards: Non-static method FileRoot::gen_ID() should not be called statically, assuming $this from incompatible context in /home/marketch/public_html/blogs/inc/files/model/_filerootcache.class.php on line 131

click for larger image

Source: Worthwhile Canadian Initiative: The eurozone pain is mainly in Spain, by Stephen Gordon, July 5, 2010

Keywords: Eurozone, Euro, Job Losses


Strict Standards: Non-static method FileRoot::gen_ID() should not be called statically, assuming $this from incompatible context in /home/marketch/public_html/blogs/inc/files/model/_filerootcache.class.php on line 131
Permalink 06:36:12 am, by editor of MarketObservation.com Email , 8 words   English (US)
Categories: Economics Europe










Jul. 5 2010 | 10 13 00 ET

Keywords: Europe Euro Economy Exports Growth

Permalink 06:29:13 am, by editor of MarketObservation.com Email , 65 words   English (US)
Categories: Economics Global, Economics Asia

Voxeu.org: Will abandoning the dollar peg help China rebalance its economy? by Willem Thorbecke, July 6, 2010

Will China’s decision to ditch the dollar peg help rebalance the global economy? This column argues that China’s action may facilitate a concerted appreciation in Factory Asia, helping the region redirect production away from western markets and towards domestic consumers. read more on Vox

Keywords: China Dollar Renminbi Exchange Rate

07/05/10

Permalink 03:29:31 pm, by editor of MarketObservation.com Email , 0 words   English (US)
Categories: Economics Global, Humor
Permalink 01:17:37 pm, by editor of MarketObservation.com, 11 words   English (US)
Categories: Economics Global

This is one of the current year's top videos on BigThink:

Permalink 01:09:49 pm, by editor of MarketObservation.com, 75 words   English (US)
Categories: Economics Europe, Economics Global

Voxeu.org: Car thieves: Not too bright, please! by Ben Vollaard, July 5, 2010

How economically minded are car thieves? This column presents evidence from the Netherlands suggesting that car thieves stay away from cars in unpopular colours because of their relatively low resale value. It argues that driving a car in a bright, uncommon colour such as yellow is a highly effective deterrent against car theft ? about as effective as an expensive security device. read more

Permalink 06:50:12 am, by editor of MarketObservation.com Email , 170 words   English (US)
Categories: Economics Europe, Economics Global

The Freeman: Greece: The Canary in the U.S. Coal Mine? by Steven Horowitz, July/August 2010

With everything that was going on in the U.S. economy this past winter, the beginnings of the crisis facing the Greek economy were certainly easy to miss. As that crisis has now come to full flower, American observers overlook it at their peril: Greece’s problems, and those of other European countries, might well represent a possible future for the U.S. economy if we cannot get our fiscal house in order.

Like a canary in a coal mine, the crisis in Greece should serve as a warning that polluting the fiscal air with large budget deficits, a growing public sector, and high debt-to-GDP ratios is a sure way to kill an economy. A serious examination of the situation in Greece should lead other Western countries to think carefully about the paths they are on. Continuing growth in government expenditures means continued deficits, which means growing debt?which means temptation to inflate and the possibility of default.
read more

07/04/10

Permalink 05:12:04 pm, by editor of MarketObservation.com, 15 words   English (US)
Categories: Economics Global
Permalink 09:27:29 am, by editor of MarketObservation.com Email , 2 words   English (US)
Categories: Economics Europe










Jul. 2 2010 | 10 18 00 ET

Permalink 09:24:24 am, by editor of MarketObservation.com Email , 429 words   English (US)
Categories: Economics Europe

Knowledge Wharton: Will Hopes for European Austerity Be Deflated? June 23, 2010

Here is an excerpt of the article. The authors believe that the Eurozone should be able to manage its problems. However, they indicate that Greece might have to undergo a financial restructuring of its debts:

"Will austerity measures prove adequate to the fiscal problems facing countries in southern Europe and beyond? Experts say the answer seems a qualified "yes" -- with the possible exception of Greece. The fiscal crisis in Greece is just as severe as advertised. The IMF projects that the country's debt-to-GDP ratio will register close to 150% by 2012 -- even if very strong austerity measures are imposed. Some, including Dadush, find it difficult to imagine how Greece can escape its debt problem and believe that "it is the one country most likely to end up with some sort of restructuring or forgiveness."

In the other troubled countries of southern Europe -- Portugal, Spain and Italy -- the fiscal pressure is significant, but less severe than that afflicting Greece. Of those three, Portugal is in the worst bind, and is considered the country after Greece most likely to seek debt restructuring. Spain's problem is real -- the unemployment rate there hit 19.7% in April -- but according to Guillén, its "budget deficit is not that bad. It is something that can be addressed, even though unemployment is so high." Spain has already begun taking ambitious steps toward redressing its fiscal imbalances, first by pledging to reduce its primary budget deficit to less than 3% by 2012, compared to 9.9% in 2010, and second by making initial moves towards labor market reforms. Italy, meanwhile, is in the least severe position because the nation's deficit, says Dadush, "has stayed within reasonable bounds."

But fiscal problems in the wake of the global financial crisis extend far beyond the euro zone. In Britain, Prime Minister David Cameron announced just weeks after taking office that painful budgetary decisions lay ahead. On June 22, his administration detailed a plan that includes $168 billion in budget cuts and a significant increase in sales taxes. Average government department spending is to be slashed by 25%, while the value added tax will rise from 17.5% to 20%. Numbers indicate that Britain's ability to confront its debt exceeds that of many other countries, however. For example, its debt-to-GDP ratio, while high at about 69%, is not quite panic inducing. Just as important, Britain controls its own currency, meaning that in a pinch it could devalue. And the country also maintains a high reputation for governance, giving investors confidence that, no matter happens, they will get their money back."

Source: Excerpt from article linked to above

<< 1 ... 76 77 78 79 80 81 82 83 84 85 86 ... 161 >>

Search

XML Feeds

http://feed.mikle.com/

________________________________________________________________________________________________________ ________________________________________________________________________________________________________

Recommended search items and names(click on terms):

ECONOMIC INDICATORS AND OUTLOOKS (click on names):

BIS Quarterly Review, Case Shiller Index, IFO Outlook, Institute for Supply Management, Michigan Consumer Sentiment Index, Philadelphia Fed Regional Index,

RECOMMENDED SEARCH NAMES(click on names):

George A. Akerlof, Bernanke, Olivier Blanchard, Alan S. Blinder, Buffett, Tyler Cowen, Niall Ferguson, Bruno S. Frey, Milton Friedman, Herb Greenberg, Greenspan, Michael Jensen, L.S. Karp, Charles Kindleberger, Krugman, Gregory Mankiw, Robert C. Merton, Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, David Rubenstein, Schumpeter, Anna Schwartz, Amartya Sen, Robert J. Shiller, Jeremy Siegel, Hans-Werner Sinn, George Soros, Joseph Stiglitz, Paul Volcker, Martin Wolf, Janet Yellen, Luigi Zingales, _________________________________________________________________________________

(Free comprehensive country statistics and rankings)

________________________________________________________________________________________________________ _________________________________________________________________________________

LEADING ECONOMISTS DEBATE THE CRISIS:

________________________________________________________________________________________________________

BLOGROLL

ECONOMICS, LAW AND POLITICS:

ECONOMICS AND BUSINESS: LAW: ETHICS: POLITICS: _________________________________________________________________________________

ECONOMIES:

_________________________________________________________________________________

STATISTICS SOURCES:

_________________________________________________________________________________

ECONOMIC OUTLOOK:

________________________________________________________________________________________________________

THINK TANKS:

________________________________________________________________________________

GLOBALIZATION:

_________________________________________________________________________________

LINKS TO SELECTED WORKING PAPER SITES:

_________________________________________________________________________________ _________________________________________________________________________________

TAXES:

_________________________________________________________________________________
April 2014
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      
powered by b2evolution free blog software