MUNICH – The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s . In fact, there is only one difference between the two episodes: During today’s crisis, huge international rescue packages have been available. These rescue packages have relieved the…

by Tue, 08/30/2016 - 15:24 0 SHARES It is no secret that earnings have gone nowhere over the past two years (and are set to decline for 6 consecutive quarters), while on a GAAP basis earnings as of 2015 were the lowest since 2010 ... ... which means that earnings growth has not been a factor behind…

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Luetuimmat 1 Trumpin entinen YK-lähettiläs sohaisi mehiläis­pesään arvostellessaan Suomen terveyden­huoltoa: ”Tiedätkö edes missä Suomi on?” 22.3.2019 2 Tonnikalojen liikakalastuksen hillitseminen on ajanut hait ahdinkoon, lajeista ainakin 17 vaarassa kuolla sukupuuttoon 22.3.2019 3 Keskellä…

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Apple has already threatened to cut jobs in Europe after Brussels ordered it to repay £11billion ($14.5billion) - the biggest tax bill ever imposed outside the US. The European Commission's three-year investigation into Apple's sweetheart deal with Ireland has found it amounted to illegal state aid.…

by Fri, 09/02/2016 - 02:00 0 SHARES Submitted by John Mauldin via MauldinEconomics.com, An important election is coming up, and I’m not talking about the US presidential election. The upcoming referendum in Italy this fall will have a major macroeconomic impact on the world . But hardly anyone…

Reuters Floats Disturbing Trial Balloon: "The ECB May Be Forced To Buy Stocks" by Fri, 09/02/2016 - 11:07 0 SHARES Over the past two years, we have repeatedly cautioned that the biggest challenge facing the ECB as it expands its bond monetization is the ability to find sellers of private securities,…

by Tue, 08/30/2016 - 11:24 0 SHARES Submitted by Chris Hamilton via Econimica blog, Once upon a time, banks were about lending money and banks business model depended upon the spread or difference of borrowing short and lending long. The greater the differential in the spread of short term and long…

European Central Bank president, Mario Draghi, and Federal Reserve chair, Janet Yellen, in Jackson Hole in 2014.Photograph: John Locher/AP Central bank governors are gathering at the fishing resort of Jackson Hole in Wyoming to discuss how they can dig themselves out of the monetary hole caused by…

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Federal Reserve Bank of Kansas City’s 40th Economic Policy Symposium, Jackson Hole, 27 August 2016 I would like to make some comments this morning on the challenges that lie ahead for central banks and how our monetary policy…

JACKSON HOLE, Wyo. (Reuters) - The Federal Reserve could push banks to lend more by paying Wall Street smaller returns on money stashed at the U.S. central bank when inflation is low, according to an academic paper presented on Saturday. The proposal was one of several discussed at an international…

Bill Gross: Yellen's Economy "May Never Walk Normally Again, This Is Not Capitalism" by Fri, 08/26/2016 - 20:59 0 SHARES It took the headline scanning algos several minutes to read Yellen's speech, which the kneejerk reaction was to deem as more hawkish than expected, before they stumbled on the key…

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Zero interest Deutsche Bank chief executive John Cryan has warned that the European Central Bank's loose monetary policy is doing more harm than good. Published on August 24, 2016 4:03 am John Cryan is exasperated with the ECB's monetary policies. Why it matters Bankers, investors and economists are…

Jim Grant: "This Will Turn Out To Be Very Bad For Many People" by Tue, 08/23/2016 - 03:24 0 SHARES Submitted by Christoph Gisiger via Finanz und Wirtschaft, James Grant, Wall Street expert and editor of the investment newsletter «Grant’s Interest Rate Observer», warns of a crash in sovereign debt,…

Central banks should consider new tools to take into account the new reality of slower economic growth and lower neutral interest rates, writes Federal Reserve Bank of San Francisco President John Williams in a new paper. Mr. Williams cited two possible approaches for U.S. central bankers: either…

Eurokriisi, Britannian EU-ero, pakolaiset. Euroopan unioni on rämpinyt viime vuosina kriisistä toiseen. Jopa unionin tulevaisuus on kyseenalaistettu. 15 suomalaista EU-tuntijaa pohti kriisien vaikutuksia ja mahdollisia ratkaisuja juuri julkaistussa teoksessa Järistyksiä Euroopan unionissa . Yle…

by Sun, 08/14/2016 - 19:59 0 SHARES In what may be some of the best, and most lucid, writing on everyone's favorite topic, namely " what happens next" in the evolution of the financial system, Deutsche Bank's Dominic Konstam, takes a look at the current dead-end monetary situation, and concludes…

GETTY President of the ECB Mario Draghi. The ECB spent almost a trillion propping up the eurozone Shocking new figures show ECB bosses have spent £822billion (€958bn) buying up bonds since March 2015, hoping to lower borrowing costs and spark growth. They are acquiring government and corporate bonds…

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A neat, if alarming, explanation for the astonishing rise of political outsiders across the western world is the idea that we live in a “post-truth era”: one in which support for outsiders soars when they make preposterous claims that are obviously not true. In contrast, when those who are seen to…

by Wed, 08/10/2016 - 18:46 0 SHARES After the ECB concluded its latest annual stress test, which as expected found no problems with Europe's largest banks instead scapegoating Italy's well-known troubled banks in results that were widely discredited by the market, yesterday in an unexpected outcome,…

If all good progressive reasons for more Europe have slowly disintegrated in the ongoing austerity drive of the Eurozone, there is still the argument that you simply can’t go it alone in a globalised world. Climate change, migration, security and tax evasion serve as the killer exhibits for this…

Eppu Salminen kävi Teatterikorkeakoulua nousukautta edeltävinä hulluina vuosina. Vuonna 1986, kun olin ensimmäistä päivää Teatterikorkeakoulussa Ehrensvärdintiellä, luokseni tuli paikan talonmies. Olimme kahden pihalla ja tervehdimme. Hetken hiljaisuuden jälkeen hän sanoi: ”Mä olen nähnyt kun täällä…

Kansanedustaja Timo Harakka opiskeli Teatterikorkeakoulussa Jouko Turkan alaisuudessa vuodesta 1985. Turkka oli juuri lopettanut koulun rehtorina, mutta toimi ohjaajantyön professorina. – Aivan unohtumaton kokemus tuolta ajalta on Hamlet-näytelmä, johon Turkka otti mukaan meidät kaikki opiskelijat.…

1 Trumpin entinen YK-lähettiläs sohaisi mehiläis­pesään arvostellessaan Suomen terveyden­huoltoa: ”Tiedätkö edes missä Suomi on?” 22.3.2019 2 Tonnikalojen liikakalastuksen hillitseminen on ajanut hait ahdinkoon, lajeista ainakin 17 vaarassa kuolla sukupuuttoon 22.3.2019 3 Keskellä suomalaista metsää…

Suomalaisten matkoissa Yhdys­valtoihin raju muutos Tutkija pitää ilmiötä täysin poikkeuksellisena. Taloussanomat7:00 Mainos Asiantuntija: Trumpin uhkaus on poikkeuksellinen Ulkomaat Trump voi vielä perääntyä uhkauksistaan, asiantuntija arvioi. Ulkomaat6:00 IS SEURAA Ukrainalaislehti: Slovakia…

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by Tue, 08/02/2016 - 11:05 0 SHARES If the goal of the EBA Stress Tests was to reassure investors and regain confidence that 'all is well' in Europe's increasingly fragile and systemically interconnected banking system, then it has utterly failed. The broadest European bank stock index is now down…

The European Commission is quietly preparing to unleash a flood of policy initiatives to boost workers’ rights across the EU, rebooting plans by Jean-Claude Juncker that were kept mostly out of sight during the Brexit debate. With the U.K. preparing to leave, Juncker wants to give a new push to the…

by Mon, 08/01/2016 - 10:33 0 SHARES For a few minutes at the open, mainstream business media persuaded itself that the EU stress tests had proved that everything was fine in Europe's banking system again. But very quickly, things went south with Italian banks - the center of the storm - reversing…

You have read about the most recent IMF confession over its immolation of Greece . The question is: Does it signal a change in policies? Do not hold your breath! Recent history is pointing to a repetition of the crime-against-logic first committed in 2012 – an IMF tactic of confessing to the sin in…

Verkkouutiset | 28.07.2016 | 06:59 EU-komission varapuheenjohtaja ihmettelee, miten Britanniassa puhuttiin EU:sta kolmannessa persoonassa. Saako Britannian Brexit aikaan EU-erokansanäänestysaallon vai syventääkö se yhteistyötä jäljelle jäävien 27:n maan kesken? Euroopan komission varapuheenjohtaja…

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