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In Major Escalation, Washington Demands Greece Blocks Its Airspace For Russian Flights To Syria
In Major Escalation, Washington Demands Greece Blocks Its Airspace For Russian Flights To Syria Last week, when reporting that at least according to the White House,Russian presence in Syria is no longer disputed, we said that regardless if Russian troops are indeed on the Syrian ground, this admission that the current Syrian state of play “effectively ends […]
There Goes Europe
There Goes Europe The desperate wish in what is loosely called the West to at least appear morally correct is unfortunately over-matched by the desperation of people fleeing unstable, overpopulated places outside the West, and it is a fiasco beyond even the events of the moment. The refugee / immigrant crisis around the Mediterranean is a preview of […]
Globalized Crisis
Globalized Crisis If there is a bright side to the turmoil that has roiled the global economy since 2008, it is that not every part of the world has erupted simultaneously. The first blow was the subprime mortgage crisis in the United States, to which Europeans responded with self-satisfied reflections on the superior resilience of […]
Global Economic Fears Cast Long Dark Shadow On Oil Price Rebound
Global Economic Fears Cast Long Dark Shadow On Oil Price Rebound After bouncing around, oil prices finished off the week with just a bit less volatility than when it started the week. WTI stayed at around $46 per barrel as of midday on September 4, with Brent holding at $50 per barrel. Aside from supply […]
Eurodystopia: A Future Divided
Eurodystopia: A Future Divided Image: dreamslayerartworks.comThis is a rerun of an article I wrote on August 10, 2012. It seems to have regained quite a bit of relevance in recent days. I was thinking earlier today, how can I write about finance when Europe continues to offend people’s, and humanity’s, most basic dignity the way […]
Europe’s Rising Fear of Upheaval in Spain
Europe’s Rising Fear of Upheaval in Spain After just over three and a half years of “radical” market reforms Spain is now a lean, fit economic machine – according to the Financial Times. Despite a few minor blemishes, such as a 22% official unemployment rate and 50% youth unemployment, the Spanish Premier Mariano Rajoy’s economic record […]
BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points On Two Consecutive Days
BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points On Two Consecutive Days On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more […]
What the Heck is Going on in the Global Markets?
What the Heck is Going on in the Global Markets? This wasn’t supposed to happen. The week was already on a crummy downhill path globally, and emerging-market currencies were blowing up, when on Friday in China the Caixin’s Purchasing Manager’s Index hit the worst level since March 2009; manufacturing is sinking deeper into the mire. So the […]
German Newspaper Accuses Spain’s Central Bank of Hiding Collateral Risks from ECB
German Newspaper Accuses Spain’s Central Bank of Hiding Collateral Risks from ECB Shoddy collateral labeled “ECB-eligible” is a great deal for banks. Since the financial sectors of Southern Europe and Ireland hit the rocks during the height of Europe’s sovereign debt crisis, many of their respective banks have grown dependent on the generosity of the ECB – […]
Tsipras Reportedly Set To Step Down, Call Snap Elections As Early As Today
Tsipras Reportedly Set To Step Down, Call Snap Elections As Early As Today As Greece struggled to seal the deal on its latest bailout agreement with creditors, it became abundantly clear that embattled PM Alexis Tsipras was going to have a difficult time preserving his coalition government. In short, the Syriza defections were mounting with […]
Insouciance Rules The West
Insouciance Rules The West Europe is being overrun by refugees from Washington’s, and Israel’s, hegemonic policies in the Middle East and North Africa that are resulting in the slaughter of massive numbers of civilians. The inflows are so heavy that European governments are squabbling among themselves about who is to take the refugees. Hungary is […]
Peculiarities of Russian National Character
Peculiarities of Russian National Character Zimnik [Em português] [V slovenčine] [По-русски] [En français] [čeština] [In italiano] ← Ancient Slavic god Zimnik: a squat old man, long hair the color of snow, wears a white coat, always barefoot. Carries an iron staff, one swing with which instantly freezes everything solid. Can summon snowstorms, ice storms and blizzards. […]
Why is it So Hard for the West to See Everything is Connected?
Why is it So Hard for the West to See Everything is Connected? QUESTION: Marty, you have written many times how everything is connected and how in Asian culture that is the foundation of all understanding. Why is it so hard in the West to comprehend this fundamental concept? All the best GD ANSWER: I think it […]
Deleveraging as a Biblical Plague
Deleveraging as a Biblical Plague Eventful days in the middle of summer. Just as the Greek Pandora’s box appears to be closing for the holidays (but we know what happens once it’s open), and Europe’s ultra-slim remnants of democracy erode into the sunset, China moves in with a one-off but then super-cubed renminbi devaluation. And […]
