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  • Editor’s Picks / 6 hours ago

    The very human cost of Greece's tragedy

    Global Economic Analysis
    Remove your blinkers for just one moment and get a real understanding of the true extent of the Greek tragedy, writes an angry Mish Shedlock on the back of an email from a regular reader of his column. The email highlights the despair of the Greek people and lambasts the international media for its impartial efforts on Sunday's Yes/No vote as well as vividly depicting the sheer depths to which the country has plunged in an ever-increasing vicious circle of debt and calamity. Shedlock concludes that even with such an overwhelming 'No' vote, the "nannycrats in Brussels and Berlin still don't get it." Contagion risk is very high, he adds, with Spain, Portugal or Italy next in line.
    Read article on Global Economic Analysis
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    6h
    Martin O'Rourke Martin O'Rourke
    There is a clear split emerging between France and Germany over a Greek bailout deal ahead of tonight's critical Eurozone summit with the French leading the charge...
  • Article / Yesterday at 13:00 GMT

    Puerto Rico gives America its own debt crisis

    Managing Partner / Spotlight Group
    United Kingdom
    Puerto Rico gives America its own debt crisis
    Puerto Rico's debt now exceeds $70 billion and the US territory had its credit rating downgraded. There are a number of parallels with Greece, especially with regard to ineffective and inefficient tax collection. Its governor has stated the territory cannot service its debt for much longer.
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  • Editor’s Picks / Friday at 6:28 GMT

    Plenty of challenges, but India could overtake China

    The Conversation
    IMF and World Bank forecasts show that India could take over from China as the world’s fastest growing economy in the next two years. The two ticks of approval for the Modi government come just over a year after Narendra Modi led the BJP to a landslide win in 2014, securing majority control of the lower house – something no single party has done since 1984. But Modi faces big challenges to deliver on his promise of good times for India – inadequate infrastructure, massive skill shortages and high levels of illiteracy – that will hinder efforts to generate the millions of jobs needed for the influx of young people entering the workforce.
    Read article on The Conversation
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  • Article / Friday at 2:51 GMT

    Odds for US September rate hike starting to widen

    Managing Director / Technical Research Limited
    New Zealand
    Odds for US September rate hike starting to widen
    The failure of US earnings to pick up is a “conundrum” for the the Fed because wage pressures should grow as the economy approaches full employment - but they are not. On the other hand, there's inflation and market pricing suggests things are on the right track there.
    Read the article
    4d
    M & MHG M & MHG
    Excellent analysis
    4d
    Max McKegg Max McKegg
    Thanks. Appreciated.
  • Calendar event / Thursday at 12:30 GMT

    US U.S. Employment Report

    forecast
    actual
    High Non-Farm Payrolls
    +233K
    +223K
    High Unemployment Rate
    5.4%
    5.3%
    Med Private Payroll
    +223K
    Med Avg Hourly Earnings M/M%
    0%
    Med Avg Hourly Earnings Y/Y%
    +2%
    Med Participation Rate
    62.6%
    Med Average Hourly Earnings
    24.95
    Med Average Hourly Earnings Net Change
    0
    Med Overall Workweek
    34.5
    Med Overall Workweek Net Change
    0
    Med Government Payrolls
    0K