U.S. Inventories and Production Levels.
Hurricane Sandy had an impact of around $40B…& ranks 3rd for damaging. in the picture its compared with other cyclones. Please feel free to comment.
Social unrest and revolt during the Arab spring led to a restricted N African supply of crude. Japan’s catastrophic quake halted her industrial production lines. These events created unprecedented volatility in the raw commodities industry, the volatility is set to continue through 2012 as more austere fiscal measures are adopted.
If the IMF is asked for funds from the EU, it won’t have enough resources for the rest of the worlds emerging markets if there is a contagion. The fiscal situation in the EU’s GIIPS countries is not good, but it’s not like they were jewels to begin with, they’ve battled these problems for decades,Continue reading “The ECB must stop the meltdown by buying GIIPS bonds”
Elstat is Greece’s new independent statistics agency. Elstat has been commissioned by the European Commission to “clean up” the statistics, after decades of corruption and inadequacy by the Greek finance ministry. Yet, Elstat is now facing opposition in the form of an official criminal investigation by the Greek government for “inflating the scale of theContinue reading “Statistics in Greece is a combat sport”
Tonights Republican debate is focusing on national security and foreign policy issues. So far, the candidates have been unable to understand if the next Iranian regime will likely want nuclear weapons too. I guess “Africa is a country”…and according to Rick Perry’s math “half a trillion” is actually equal to “500 million.” we should spendContinue reading “The market will open down 100% tomorrow, Thank You, Republican National Security Debate”
One, politics in Europe are local, not “European.” Two, monetary, fiscal, and labor policy are at the core of the problems in the GIIPS. Third, The EU had better identify itself and make its presence known- finally. It is her “fight or flight” moment. The Entire EU hangs in the balance, and coupled with thatContinue reading “EU Vassals.”
30m mortgage holders out of 55m are paying above market interest rates… 1% over the average for a new 30 year… This is quoted from the article: “I answered an ad in 1995 that I thought was for a job related to “security” (as in security guard) but was in fact related to “securities.” That’sContinue reading “Read this Article America, 11m borrowers “under water””
The human cost to natural disasters like the one in Turkey weeks ago include injuries and temporary and permanent disabilities, temporary and permanent displacement of people, increased poverty and disease, and psychological scars. In addition Economic costs, based largely on direct infrastructure or losses of fixed capital and inventory, are also underestimated. Many indirect effectsContinue reading “Managing Economic Crises, Don’t Forget the Impact of Natural Disaster”