by Dirk Ehnts, Econoblog101
German Sunday paper FAS, which belongs to FAZ, has an article named "Hilfe, die Bank will mein Geld nicht" in today's paper. The title translates to "Help, the bank doesn't want my money". The author seems to understand that low interest rates at the ECB are the major cause, but he doesn't go further and asks why they are so low. Perhaps the German public is not ready yet for the admission that austerity has driven Europe's economy into a hole, which even ultra-low interest rates can't fix.
On July 31, while it remained unclear exactly how directly involved in the Ukrainian crisis Russia is, the British media ominously reported that NATO had been deemed unready to fight a war with Russia.
The story comes from the Commons Defence Select Committee, in a report Towards the next Defence and Security Review: Part Two – NATO, an analysis of publicly available intelligence on what we know about Russian military forces and how they are using “next generation warfare”.
August 4th, 2014
in Op Ed
by Washington's Blog, Washington's Blog
Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War
Paul Craig Roberts - former Assistant Secretary of the Treasury under President Reagan, former editor of the Wall Street Journal, listed by Who's Who in America as one of the 1,000 most influential political thinkers in the world, PhD economist - wrote an article yesterday about the build up of hostilities between the U.S. and Russia titled, simply: "War Is Coming".
by Lance Roberts, StreetTalk Live
SEC Rules To Put "Gates" On Money Market Funds
This past week the S.E.C. passed a new rule when they voted 3-2 to require institutional money market mutual funds to adopt a floating net asset value. The SEC also imposed liquidity fees and redemption gates, changes that muni market groups have said will hurt the market as well as state and local governments.
by John West, Asian Century Institute
Asia's rapidly emerging economies have benefited from a "demographic dividend". But many now face the burden of a "demographic tax", which they may find more challenging than Western countries have.
Indeed, Asia is on track to become the world's oldest region - even though the West led the way on population aging.