International – Page 57 – Schirach Report

Italian Senator Roberto Calderoli Said That Congo-Born Minister Kyenge Looks Like An Orang-utan This is just a vulgar manifestation of widespread racism. At its roots is the impossibilty to assimilate mostly poor and uneducated African immigrants in Europe

By Paolo von Schirach July 19, 2013 WASHINGTON – So, on top of everything else — sky-high debt, record...

IMF Calls For Urgent Changes To China’s Economic Policies The unknown here is the size of China's "shadow banking" sector and its health. Too many bad loans?

By Paolo von Schirach July 18, 2013 WASHINGTON – The International Monetary Fund, IMF, delivered a pretty strong warning to...

Egypt’s Tragedy Is In The Mix Of Impossible Politics And Total Economic Collapse 40% unemployment, currency reserves are gone. Saudi Arabia to the rescue, while Washington has become irrelevant

By Paolo von Schirach July 16, 2013 WASHINGTON – The unfolding Egyptian drama sadly tells us that the Arab...

With A Slowing Economy, China Is On Its Way To Becoming A “Normal” Country Construction boom and export-led manufacturing not as strong as before. Huge amounts of bad loans. Environmental disaster

By Paolo von Schirach July 15, 2013 WASHINGTON – If you listen to Beijing Government officials, everything in China’s economy is...

Bernanke Says “Highly Accomodative Policies” Still Needed, And Markets Shoot Up It is bad when Central Bankers, rather than economic fundamentals, move markets. We end up with fake valuations

By Paolo von Schirach July 11, 2013 WASHINGTON – No, America, the Fed is not going to remove the...

While Rome Makes No Progress In Cutting Red Ink, S&P Downgraded Italy’s Debt New BBB rate is not a catastrophe; but it is yet another step in the wrong direction

By Paolo von Schirach Realted story: https://schirachreport.com/index.php/2013/07/09/martin-feldsteins-recipe-for-southern-europe-stimulus-now-but-combined-with-credible-public-spending-cuts/ July 10, 2013 WASHINGTON – Very recently I commented (see link above...

Martin Feldstein’s Recipe For Southern Europe: Stimulus Now But Combined With Credible Public Spending Cuts Sensible idea. However, the problem is that "Club Med" is too tired and too weak. Limping along is the best it can do

By Paolo von Schirach Related story: https://schirachreport.com/index.php/2013/07/08/europe-will-continue-bailing-out-its-weak-southern-members/ July 9, 2013 WASHINGTON – In a recent piece (see link above)...

Europe Will Continue Bailing Out Its Weak Southern Members This endless financial aid program is not sustainable. What will Germany do after its political elections?

By Paolo von Schirach July 8, 2013 WASHINGTON – Back in 2009, at the very beginning of the Eurozone...

The Coup D’Etat In Egypt Is Not A Good Thing. Yet It May Lead To Good Changes Cairo is not Paris. There is no established democratic tradition in Egypt. Morsi was both arrogant and incompetent

By Paolo von Schirach July 5, 2013 WASHINGTON– It is really hard to have any regrets about the abrupt...

What Will Be the Political Consequences Of A Slowing Chinese Economy? Slower growth means dashed expectations. Will the Chinese people demand changes?

By Paolo von Schirach July 4, 2013 WASHINGTON – Is China in trouble? Hard to tell; but it looks...