europe

This is akin to a family of five selling their home, cars, and personal belongings, in order to finance Dad heading off to Vegas in order to play the fucking slot machines. What can go wrong, after all? Bitcoins only go higher. Source: CNBC Didi Taihuttu, his wife, three kids and their cat bet all they have on bitcoin. The...

You may ask: - Is this a good time to buy gold? - Or, is this a good time to sell gold? - How do I assess the gold market today? For a start, I believe we must understand the relationship between demand, supply and prices of gold. They are interrelated. For instance, high demand and low supply of gold...

Prime Minister Edouard Philippe said France must break the addiction to public spending that has left its economy trailing peers as he outlined plans to rein in the budget and cut taxes. In his maiden speech at the National Assembly as premier, Philippe promised 20 billion euros ($23 billion) of tax cuts by the end of President Emmanuel Macron’s term...

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?  Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full scale financial panic.  Sadly, most...

Highly skilled workers are pursuing better opportunities outside the region. Nyl Patangan, a nursing graduate from the Philippines, left his native land in search of a better life. Now working in a Chicago hospital after a stint in Dubai, he's supporting his parents back home and is buying his mother a Toyota Vios. A recent study by the Asian Development Bank shows...

As two big economies chart a new course, some fear “regulatory arbitrage.” This is how a race to the bottom can start. In Washington, President Donald Trump has vowed to roll back the financial regulations passed after the 2008 crisis. In London, Prime Minister Theresa May, facing a possible exodus of bankers as Britain quits the European Union, has said...

The global economy is gathering momentum, the International Monetary Fund has declared. That's probably correct and undeniably encouraging, but there's an ominous discord between this economic expansion and what's euphemistically called "political uncertainty" -- that is, the stresses caused by surging anti-trade, anti-market, anti-immigrant populism. This "uncertainty" could be the prelude to some seriously bad policies, enough to derail one or more...

This is really most amusing, the state directed broadcaster in Venezuela is pointing out how terrible the economic conditions in Greece are. Yes, really, the Bolivarian socialists who’ve made the oil rich economy of Venezuela such a stunning success are pointing at the euro caused mess in Greece as an example of how capitalism impoverishes. There is no doubt, of...

Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month. By Karolina Tagaris | ATHENS At 73, Dimitra – who herself once helped the hard-up as a Red Cross food server – is among a growing number of Greeks barely...

THE former head of the US federal reserve has warned the euro is on the verge of collapse saying he has “grave concerns” about its future. By SIOBHAN MCFADYEN And revered economist Alan Greenspan says it’s time the European Central Bank (ECB) came clean about the state of the economy as the bank’s chief Mario Draghi scrambles to save the flailing...