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Europe’s New Barbarians

Memes added by Tales

Source: Europe’s New Barbarians

Between now and next April, four countries, all suffering under the painful stewardship of the Troika, will hold national elections: Portugal, Greece, Spain and Ireland.

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The Drama In Greece Continues

Hot in the news over the last several months is Greece’s tug of war with the ECB (European Central Bank) and IMF (International Monetary Fund) both creditors to its economy that’s imploded by the shear burden of its debt. 717 more words

China's Real Estate Problems

The world’s investors seem to have changed their collective mind. Recent panic selling implied an implosion in China and recession elsewhere. The sudden turn to recovery and moderation indicates something much less pessimistic if not absolutely upbeat. 996 more words

$1.8 bln IMF Ukraine Bailout Funds Discovered in Kolomoyskyi's Cyprus Kitty

Sputnik | August 29, 2015

A huge chunk of the $17 billion in bailout money the IMF granted to Ukraine in April 2014 has been discovered in a bank account in Cyprus controlled by exiled Ukrainian oligarch Ihor Kolomoyskyi, the German newspaper…

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United States

A Bahubali of a Devaluation!

Dear Reader,

The Chinese Yuan was devalued so suddenly, it was almost filmy in its implementation. Here’s my filmy take on a “Bahubali of a Devaluation” that appeared in the Hindu Business Line today under my column “Tweakonomics.” You can also read the column directly at… 630 more words


Understanding the difference

The Chinese currency has often been in news for various reasons. One of the most debated issues has been China’s mercantilist policy of artificial undervaluation of its currency against the US dollar to give its exports an “unfair” price advantage. 373 more words