Concerned that Europe’s political leaders are failing to control the spreading sovereign debt crisis, business executives say they feel compelled to protect their companies against a crash that can no longer be wished away.
Read the rest: Businesses plan for possible end of euro
Tuesday, November 29, 2011
Planning For The End Of The Euro
From the Financial Times:
Tuesday, November 22, 2011
Is There a Risk The Euro Will Collapse?
Wells Fargo Chief Economist John Silvia and Euro Pacific Capital Senior Market Strategist John Browne on the European debt crisis and its impact to the Euro and U.S. economy.
Saturday, October 1, 2011
Home Prices Unlikely to Recover Before 2020
Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers out Friday.-No Rise in Home Prices Until 2020: Bankers
Economists Predict Another Recession in U.S
“We are going into a brand new recession. We had about a 2 year expansion and I’m sorry to say, there’s no way out of this, all we do is study recessions and recoveries and we do not make these calls lightly and we are not eager to make them, but when the objective evidence presents to us patterns that are recessionary, we have to call it like it is.”
Tuesday, September 27, 2011
Saturday, August 27, 2011
The Economic Situation Is Set To Get Much Worse
A new batch of economic figures released this week confirms a renewed economic downturn, amidst an intensified assault on jobs and living conditions internationally.
The Organization for Economic Cooperation and Development (OECD) said the gross domestic product of its member countries grew by only 0.2 percent in the second quarter of this year, dropping from 0.3 percent in the first quarter.
Growth has slowed for four consecutive quarters, hitting the lowest level in two years.
The OECD’s 34 members include the UK, Russia, Japan, Canada, the United States and most countries in the Eurozone. Most of the member nations separately announced their growth figures earlier this month. German economic growth all but collapsed, expanding only 0.1 percent in the second quarter, compared to 1.3 percent in the first.
The Japanese economy shrank 0.3 percent, after contracting .9 percent in the first quarter. The French economy stopped growing completely, after an expansion of 0.9 percent. The United Kingdom grew just 0.2 percent, after expanding 0.5 percent in the first quarter.
Three years after the financial crash of 2008, none of the problems that have plunged the world economy into a recession, resulting in the destruction of millions of jobs, have been resolved. The bailout of the financial system has transferred the bad assets of the banks onto government balance sheets, and the ruling class is responding through brutal austerity measures and intensified exploitation. - Economic growth stalls amidst debt crisis, austerity
The Organization for Economic Cooperation and Development (OECD) said the gross domestic product of its member countries grew by only 0.2 percent in the second quarter of this year, dropping from 0.3 percent in the first quarter.
Growth has slowed for four consecutive quarters, hitting the lowest level in two years.
The OECD’s 34 members include the UK, Russia, Japan, Canada, the United States and most countries in the Eurozone. Most of the member nations separately announced their growth figures earlier this month. German economic growth all but collapsed, expanding only 0.1 percent in the second quarter, compared to 1.3 percent in the first.
The Japanese economy shrank 0.3 percent, after contracting .9 percent in the first quarter. The French economy stopped growing completely, after an expansion of 0.9 percent. The United Kingdom grew just 0.2 percent, after expanding 0.5 percent in the first quarter.
Three years after the financial crash of 2008, none of the problems that have plunged the world economy into a recession, resulting in the destruction of millions of jobs, have been resolved. The bailout of the financial system has transferred the bad assets of the banks onto government balance sheets, and the ruling class is responding through brutal austerity measures and intensified exploitation. - Economic growth stalls amidst debt crisis, austerity
Greek Bailout in Trouble
Multisource political news, world news, and entertainment news analysis by Newsy.com
Monday, August 22, 2011
Saturday, August 20, 2011
Fear Grips Global Markets
Global fears of another US Recession have sent stocks tumbling again on Wall Street. Europe's own issues with debt and dealing with it also weighed in on equity issues around the world.
Wednesday, August 17, 2011
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