Economics

China may have just cleared the way for a ‘black swan’ event

Monday, April 20, 2015
By Paul Martin

DAVID SCUTT, BUSINESS INSIDER AUSTRALIA BUSINESSINSIDER.COM APR. 20, 2015 Chinese authorities took a huge 100 basis points off the key capital holding requirement for the nation’s banks over the weekend. There are reports today that even more aggressive stimulus is being considered. In an excellent research note this afternoon, ANZ says the decision by... »

OPEC Says US Oil Boom Will End This Year

Monday, April 20, 2015
By Paul Martin

By Andy Tully OilPrice.com Sun, 19 April 2015 OPEC says the demand for oil – its oil – will rise during 2015 because the cartel is winning its price war against US shale producers by driving them out of business. “Higher global refinery runs, driven by increased seasonal demand, along with the improvement... »

The Chilling Thing Blackstone Said about the Oil Bust

Monday, April 20, 2015
By Paul Martin

by Wolf Richter WolfStreet.com April 19, 2015 Regardless of how troubled oil and gas companies are, “if the assets are good, someone will own them,” explained David Foley, senior managing director of Blackstone Energy Partners. He expected companies to buckle under the load of junk debt and kick off a long series of bankruptcies... »

US-EU Trade Deal Could Spell Bad News for Small Business – EC Report

Monday, April 20, 2015
By Paul Martin

SputnikNews.com 20.04.2015 Europe’s small and medium-sized enterprises (SMEs) stand to benefit the most from a EU-US free trade zone currently under negotiation, but several areas of concern face businesses, European Commissioner for Trade Cecilia Malmstrom announced in a press briefing in Brussels Monday. MOSCOW (Sputnik) – The ninth round of negotiations regarding the controversial... »

No walls to save eurozone from ‘Greece amputation’ domino effect – Varoufakis

Monday, April 20, 2015
By Paul Martin

RT.com April 20, 2015 Those in the EU who want Greece to leave the eurozone are playing with fire, country’s Finance Minister said, claiming that no “fence” could possibly exist that would protect the union from a domino effect should Greece or any other member leave. “Anyone who toys with the idea of cutting... »

Chinese Developer Kaisa Officially Defaults, Restructures Debt

Monday, April 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/20/2015 In January when we first brought news of one of China’s largest developer’s inability to cover interest payments on its debt, we raised the question of who’s next. Now that it is official - China’s first major developer to default on its US currency debt – and property prices... »

Prison Labor is Industry’s “Best Kept Secret in Outsourcing” and What Has Killed Your Job

Monday, April 20, 2015
By Paul Martin

Mac Slavo April 20th, 2015 SHTFplan.com There’s “free trade.” There’s “fair trade.” And then there’s what’s really happening. The realities of globalization have made the price of labor somewhere between rock bottom and worthless. Since the days of NAFTA, the WTO and a flood of cheap Chinese goods, major corporations – American-based and all... »

Signs the market is girding for a Greek default, in 4 charts

Monday, April 20, 2015
By Paul Martin

By Sara Sjolin MarketWatch.com Apr 20, 2015 If the financial market is a good predictor, you’d better brace for a Greek default. Borrowing costs on Greece’s government bonds have rallied back to levels not seen since 2012, the cost of insuring against a default has surged and investors are moving into safer assets in... »

Did Greece Just Launch Capital Controls: “Mandatory Cash Transfer” Decreed Due To “Extremely Urgent Need”

Monday, April 20, 2015
By Paul Martin

by Tyler Durden ZeroHedge.com 04/20/2015 We warned last week that capital controls were inevitable and it apears the first steps have been taken (very quietly): *GREECE ISSUES DECREE: LOCAL GOVTS OBLIGED TO TRANSFER DEPOSIT RESERVES AT CENTRAL BANK So, following the pension fund raid, the Greek government is now centralizing all Greek cash citing... »

The IMF has a warning on volatility in global markets that’s ‘not for the faint-hearted’

Sunday, April 19, 2015
By Paul Martin

DAVID SCUTT, BUSINESS INSIDER AUSTRALIA BUSINESSINSIDER.com APR. 19, 2015 It’s been well telegraphed by the US Federal Reserve that they are looking to normalize monetary policy at some point this year. The question is, could it still spark a renewed bout market volatility, despite the best efforts of Fed officials? The IMF look at... »

Support Revolution Radio