Being a Meteorologist by military training, and being a Director of CEIFX.COM, a currency exchange corporation, I like the concept of FLURRIES. The word FLURRY evolved in 17th Century English as a combination of the words: FLUTTER and HURRY. If you have ever seen a bird flutter its wings, trying to escape a predator, or [...]
SHARES FALL 4.4 PERCENT By Martinne Geller and Brad Dorfman, from Reuters McDonald’s Corp (MCD.N) reported a lower-than-expected rise in worldwide August sales at established restaurants on a steep drop in Japan and a lull in new product launches in the United States. The world’s largest hamburger chain, whose shares fell 4.4 percent on Friday, [...]
Roubini: Slowdown Brings Forward New Financial Crisis By Scott Hamilton, from Bloomberg Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC, said the current slowdown in the world economy has brought forward the timing of a new financial crisis. “I thought a few months ago that the perfect storm would be 2013,” Roubini said [...]
Nobel Laureate STIGLITZ The article was originally posted in October 2010. Wall Street economists are reviving a bet that the global economy will withstand the U.S. slowdown Just three years since America began dragging the world into its deepest recession in seven decades, Goldman Sachs Group Inc., Credit Suisse Holdings USA Inc. and BofA Merrill [...]
July 16 (Bloomberg) — Confidence among U.S. consumers tumbled in July TO THE LOWEST LEVEL IN A YEAR heightening the risk of a slowdown in economic growth. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment decreased to 66.5, the lowest since August, 2009, and less than the most pessimistic forecast. The sentiment figures [...]
FROM BLOOMBERG, GREAT DEPRESSION NEWS July 15 (Bloomberg) — Manufacturing in the U.S. contracted in June by the most in a year and wholesale prices declined more than anticipated, underscoring the Federal Reserve’s reduced forecasts for economic growth and inflation. Factory output fell 0.4 percent in June, a Fed report showed today. Producer prices slid [...]
It seems eerie that eighty years after the entire world’s economy crashed and dictatorship flourished around the world, the same scenario will be seen again by a completely new audience. The causes of the Great Depressions of the 1930′s and the 2008′s are, strangely, very much alike. KONDRATIEV WAVES Russian thinkers are intrinsically different from [...]
The stock markets and the currencies are telling the people of Europe an obvious story: The unnatural association of hard working, frugal populations cannot co-exist with lazy and spendthrift populations. Northern Europe cannot support Southern Europe. This was clearly seen by the cold objective observers of Europe 15 years ago, before the Euro came into [...]
