As Franklin Roosevelt said, “All we have to fear is fear itself.” The stock market hangs in such peril that it is the fear of fear that is now driving its surges. The market is afraid that Ebola fear will cause a panicked change in people’s economic activities. The market fears the fear. When the stock market […]
Economic News Archive
CBS reports that the World Bank has just issued a dire warning that the economic impact of Ebola could be enormous. An institution usually known for carefully weighed economic statements says that the economic impact of Ebola could be “catastrophic” even if the epidemic doesn’t spread beyond Africa. By the end of 2015, the economic impact of […]
When you look at numerous key sectors of the economy, the composite image is one rickety skeleton. Here is a list in bullet points of economic bellwethers that, when viewed altogether, indicate the next dip of the Great Recession is likely near and severe: “There are more obvious light switches today or ticking time bombs” than […]
The Central Bank of Ireland is launching a €1 million campaign to create a cashless society in Ireland. The Central Bank on Dublin’s Dame Street is hoping to persuade all of the Irish to surrender their cash forever, and they’re using the current Irish economic troubles as a ripe opportunity to turn that corner on cash. […]
The headwinds for the economy look formidable as you read the economic news during these dog days of summer. Israel is pushing harder every day for an attack on Iran that would drive up oil prices just as food prices are already on the rise due to the most severe U.S. drought in my lifetime. […]
The stock market holds firm to its bullish trend during an onslaught of mediocre to bad economic news headlines because most investors are investment banks, betting that bad economic news means the Fed will deposit within those same banks more free money, which will fuel the stock market until the money is fully invested. The […]
Today, I could not just put the jobs report data in the sidebar of economic news as usual because there was so much spin all over the place that I thought it all deserved an article introducing the way the jobs data news is spun.
This week’s collection of economic news articles strongly reinforces my predictions earlier in the year that Iran will not back down from its nuclear program and that an Iran war will play a significant economic role in 2012 (with both the economic impacts of rising oil costs and the cost of war being added to […]
Economic news of the past week reported that the U.S. drought was upgraded to being the worst in half a century • Obama isn’t going to be able to fix that in time for the election • The eurozone continued falling apart at the seams • The Persian Gulf looks more and more like its moving […]
This revealing article about the threat of a nuclear Iran is sourced directly from Iran’s own FARS news agency, quoting Iran’s “Supreme Leader” as to what the West must fear. While it was part of my recap of the weekly news, I felt the quotes from Ayatollah Khamenei divulge intentions that should not remain buried in […]
China brings its big bird in for an easing landing • Europe founders in the doldrums of its own making • The early-winter warmth that appeared to thaw the U.S. economy has turned into an economic drought • while Iran keeps the heat on from the Middle East.
If the Eurozone’s leaders walked away from their summit thinking they had accomplished some bold plan that would start to solve their problems, they’d better get out some starting fluid to accelerate the start of their plan. Old political realities reappeared in economic news articles the next week like Hydra’s heads to bite off every […]
How long was it after Italy’s PM, Mario Monti announced that the euro crisis was “almost over” until it became a bigger crisis than ever? Within a month he found himself embroiled in the battle of his career against “Frau Nein,” Germany’s Chancellor Merkel, as the world watched the daily economic news articles out of […]
The euro crisis dominated economic news and set the stage for the summer I have been anticipating. Stocks fell; unemployment climbed; sales dragged; manufacturing sluffed off; consumer spending receded. Interest on the U.S. debt also ticked upward when the annual deficit soared over the trillion-dollar barrier for the fourth straight year. And that was just one week! […]