In The New Economic Normal, Bad Is Actually Good We are told that barely growing Europe is actually doing well
WASHINGTON – The worst part of the economic “new normal” created by the massive central banks interventions is that we...
Category: Europe
David Cameron Won – But Britain’s Future Remains Uncertain Scotland wants independence, while the UK economy is still under performing
WASHINGTON – After the surprise Conservative victory in the May 7 British national elections, David Cameron can feel vindicated....
More Jobs in Italy? Not really The unemployment rate is still 12.7%. Among young people in the south it is 60%
WASHINGTON – The Italian government just released figures related to new jobs created most likely on account of new...
Europe Sliding Into Irrelevance High debt, no innovation, and no opportunity paint a grim picture. Draghi's QE will solve nothing
WASHINGTON – Here is today’s Europe. Stagnating economies, non-existent innovation, high debt caused by unaffordable pensions and other...
Tsipras Goes To Moscow The Greek Prime Minister wants us to know that he looks at Vladimir Putin as a good friend
WASHINGTON – Greek Prime Minister Alexis Tsipras thought that it was a good idea to pay a visit to...
Kissinger And Shultz Issue Strong Warning About Iran Nuclear Deal The agreement will leave Iran's facilities intact. Difficult to verify compliance. What will Saudi Arabia do?
WASHINGTON – If you want a detailed but highly readable critique of Obama’s Iran’s nuclear deal, I strongly encourage...
April 4th Was NATO’s Anniversary This date marks the beginning of the most extarordinary security and political alliance in modern history. But nobody paid any attention
WASHINGTON – April 4th 2015 came and went. Nobody paid any attention to this date. And why should they?...
China Dumping Excess Steel China has created enormous over capacity. It is now selling its products below cost to the rest of the world
WASHINGTON – In a “normal” capitalistic country, when supply expansion strategies in any given industry exceed market demand, the companies...
Central Banks Administer Monetary Morphine The problem is lack of growth and gigantic debt levels. And yet we only have interest rates suppression, as if this were a cure
WASHINGTON – The financial and fiscal “New Normal” across the countries touched or devastated by the Great Recession of...
Russia Is Still Europe’s Main Energy Supplier Despite the sanctions and capital flight, Russia keeps its influence over Europe
WASHINGTON – Despite the economic sanctions caused by its military intervention in Ukraine and the horrible impact of collapsed oil...