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You could attribute it to Japanese government spending and the following downmove to the collapsing global economy rather than the failed government policies themselves. I would say there is always a tension line between local policies and global circumstances. Let's agree the Japan...

Didnt the Nikkei more than double from 2003 to 2007? http://www.google.com/finance?q=INDEXNIKKEI:.N225

Apparantly the US has one of the smallest shadow economies of the developed world. Quite strange really given the distrust segments of the society always had against the federal government. Perhaps they fear the IRS that much? Which in turn doesnt bodes to well with the country's image of...

HIGHLIGHTS-Greek FinMin unveils tax reform, wage policy Greece outlined on Tuesday its public sector incomes policy and a tax reform bill, as part of an EU-endorsed plan to increase state revenues and reduce its huge deficit The following are comments by Greek Finance Minister George...

Seriously, I think this is where deflationists get it at least partially wrong. Governments will be reluctant to reign in spending and will pass the bill to the consumer since the taxpayer is basically tapped out. In my view this will ultimately drive riskier assets higher due to the...

If Greece was a US state it would rank 25th as far as infant mortality rates goes. I've said it here before but these comparisons between countries living standards are interesting but difficult due to big imbalances in a huge place like the US and even internally in these little countries.

It turns out from the BIS [Bank of International Settlements] numbers, that the largest holders of Greek debt are French, followed by the Swiss, although my guess is that a lot of that is hedged, and I don't know that the BIS picks that up, and then the Germans. The numbers as of last June were...

What happens to the hundreds of billion Euro German banking exposure to the Club Med? They just write it off?

A Swiss member of parliament alleged Saturday that top German public officials had secret bank accounts in Switzerland and threatened to out them if Germany purchased stolen data. Alfred Heer, of the hard-right Swiss People's Party (SVP), told the daily Bild that his party would work towards...

This Edwards guy is a giant bear on everything. I wonder how he advices his clients to protect themselves.

Tickets for the bus just spiked 20% here last month.:eek:

Having said that, they have been diversifiying outside of the USD, but relative in size compared to their entire holdings ofcourse. China Becomes Oil ETF’s No. 4 Holder, Buys SPDR Gold China Investment Corp., the nation’s sovereign wealth fund, invested for the first time in the U.S...

Pompous prick. :)

I believe AEP in his Telegraph column touches upon this subject quite often. Intrest rates were kept artificially low in the begining of the decade to smooth Germany trough it's slump creating huge investment mis allocations in the club med which have come home to roost today so in a way...

We are still above the levels from where many pundits predicted The USD and Euro to reach parity about a year ago.:)

The unions rule Europe! AB INBEV wanted to fire a couple of hundred workers last month and they just closed the factory blocking the booze untill shops and bars ran out and the lay offs were retracted. lol :p Ofcourse even a child is aware of the longer term consequences of this but...

Chinese now top 3 holders of gold and oil ETF!

•The economy will NOT recover in 2009: I'll take this one, although some would argue I only deserve half (I said 8% unemployment U3, we actually got 10%.) •Deflation, not inflation, will become evident well beyond housing. Miss. Valid if you look at energy, but the "well beyond"...

Theve all become traders.

They could send each citizen a 1 million$ cheque in the mail.