Recent polls show pro-default parties growing popular in peripheral euro-area countries such as Greece, Italy and Spain. As Bloomberg Brief’s Maxime Sbaihi notes, in a depressed economic environment, their promises to restructure public debt might soon bring them to power and tempt traditional parties to adopt their ideas. This return of political risk in the…
Click on picture to enlarge 34 days ago the S&P 500 was up 2% on the year and the German Index (DAX) was down almost 6%. At that time Joe Friday shared that the DAX appeared to be sending a bullish message to global stock markets, as it looked to be creating a bullish wick…
Here is a statement of the obvious if there ever was one: The market doesn’t always do what it’s supposed to. Expensive markets are supposed to correct, and cheap markets are supposed to rally as both revert to their long-term averages. But there are long stretches of time where expensive markets get even more expensive and cheap markets get even cheaper….
Official comments have injected volatility into the foreign exchange market. As we anticipated, Japanese officials pushed back against the seemingly free-fall in the yen sparked by the aggressive BOJ action and the diversification of the government pension funds. Finance Minister Aso expressed concern about the pace of the yen’s decline. However, comments by Abe-adviser Hamada underscored…
Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times columnist and Nobel laureate has been arguing lately, threatens Japan’s fragile economic recovery. “Shinzo Abe is doing the right thing, seeking to delay the next rise in consumption taxes,” Krugman wrote on his blog yesterday. “This is good economic policy….” It’s…
Japan’s yen rose for the first time in seven days as Finance Minister Taro Aso said its decline has been too fast. Most Asian stocks fell, with the regional index headed to its biggest weekly retreat since mid-October, while crude oil climbed for a second day. The yen added 0.4 percent to 117.77 per dollar…
The impossible is possible. Never say never. Wall Street bankers are staring agog at headlines coming from Europe where, in Iceland, the former chief executive of one of the largest banks in the country which was involved in crashing the economy in 2008 has been sentenced to jail time. As Valuewalk reports, in receiving a one year prison sentence, Sigurjon…
You may recall our announcement back in September that Business News Network (BNN) in Canada partnered with MoneyShow to create an exciting new program at The World MoneyShow Toronto 2014: The Confidence to Invest. The one-hour special was recorded onsite at the conference and is now airing during prime time on BNN! Watch now The Confidence…
Working capital issues, often driven by unpaid invoices, are the catalyst for 25% of SME bankruptcies in France. Finexkap is working on changing all that with their online working capital financial platform, a first in France. Photo Credit: PR, co-founders Arthur de Catheu and Cédric Teissier In order to scale-up development and launch lending activities before…
Econintersect: Week 46 of 2014 shows same week total rail traffic (from same week one year ago) grew according to the Association of American Railroads (AAR) traffic data. Rail growth this week continues to demonstrate an improving economy – but the rate of growth softened in all of the rolling averages reported below. Rail counts are growing…
