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Posts Tagged ‘Greece’

September 2012 Economic Overview

September 2012 Economic Overview

Sign of our times? Even by Las Vegas standards, it is a shocking billboard: A mannequin dangling on a hangman's noose below a black sign with the ominous words "Dying for Work. Hope you’re Happy Wall Street.” A publicity stunt, obviously, in bad taste. Without further action from the Fed, We will lose our grip on both -- growth and 8% [...]

February 2012 Economic Overview

February 2012 Economic Overview

The world economy is sluggish, but not moribund. Pessimism is overdone. Latest statistics especially in manufacturing were better than expected. The world economy is sick. Politicians are doing little to help matters. Yes the world seems to have slipped into recession, but it is expected to be short and shallow. Uncertainty is still acute and [...]

July 2011 Economic Overview

July 2011 Economic Overview

For all the monetary and fiscal stimulus applied to the US economy, the recovery remains a disappointment. Growth may rebound to above 3% in the second half of the year. Inflation rose to 1.5% in May. The Fed may consider easing again. But the wealth is not trickling down. Small business account for 99% of all US companies and account for [...]

June 2011 Economic Overview

June 2011 Economic Overview

US Economy- Sluggish, Sluggish, Sluggish Next month marks two years since the end of the Great Recession, the worst economic downturn in 75 years. Americans are dubious that the economy is performing well. Big businesses, big banks, wealthy households have done better than small business, small banks, and you and me. It still feels like a [...]

May 2011 Economic Overview

May 2011 Economic Overview

The number of workers filing for jobless benefits declined last week but remained elevated, while a broad gauge of the economy's strength rose, delivering mixed signals. First-quarter US growth, amid higher oil prices and a moribund housing market, weigh on business and consumer confidence. But a slowly reviving job market, suggest growth will [...]

April 2010 Economic Overview

April 2010 Economic Overview

And the Stress goes on and on and on. It appears that Europe has hammered out a salvation plan for Greece. But it is still too little, too late and it's only temporary. China’s government began to rein in lending. India raised reserve requirements and Brazil’s stimulus is being phased out. Central banks in the Rich World are beginning to [...]

March 2010 Economic Overview

March 2010 Economic Overview

“Beware of Greeks bearing gifts” wrote Virgil in Book 2 of the Aeneid. Oh, had the Euro zone only listened! Greeks are presenting the Euro zone with a whopper now. Wishing that the Greek financing crisis an outlier does not make it so. With hedge fund jackals at its throat, Greece is rapidly finding it impossible to get finance. [...]