We found some interesting comments out of China that really brought some key concepts “home” for us. For decades, China has kept a tight reign on information in the country. Much of what the general population knew was being somewhat filtered by the government. But now, with modern communications technology and China entering a new [...]
We haven’t touched much on the advancement of Russian military activity of late, but there was a development near the KamchatkaPeninsula(nearly a 6,000 km flight). Actual details on the test flight are somewhat classified, but the information[This content is for MEMBERS ONLY. Please Subscribe to continue.]
GDP Improves More than Expected The markets were jubilant yesterday but one really has to wonder why. Not that the news wasn’t better than it has been in a while but there are plenty of caveats that go along with these better numbers. There were two reasons for the celebration by investors. The first is [...]
We just wanted to share a quick observation with our readers regarding the European debt crisis. We all know that the summit to find increased powers for EFSF is to be held tomorrow. Rumors of problems surfacing with the European Central Bank and members of the EU sent stocks down by more than 150 points [...]
It is always a little weird to talk about the double dip in the sense that one can’t really dip again until one has actually emerged from the first dip but that is perhaps splitting hairs. The economy has technically been out of recession since 2009 and the first recovery of positive growth in the [...]
The Germans won – at least that is the way that the confrontation has been described in much of the European press. Since the Greek debacle got under way, the critical question has been what role the creditors would play. This has been anything but a simple conversation as the institutions that bought Greek bonds [...]
The Don Muang airport in Thailand has sustained some flooding and will be shut down for at least a week. The airport is used primarily for domestic, not international flights, and has been put to use as a relief effort hub while flights are suspended. The main international airport is still operational. The flooding in [...]
It is interesting how quickly reputations can be lost and made in the economic realm. Once upon a time there was no more revered a chairman of the Fed than Alan Greenspan. Only Paul Volcker rivaled him in terms of influence and respect. He was legendary for his sphinxlike approach to the job and people [...]
Just when Wall Street was celebrating what it thought was an end to the turmoil in Europe, a senior Bank of England official has leaked a note to the press saying that the prospects for a double-dip recession in England has gone up considerably. That could be one of the reasons that Britain[This content is [...]
Authorities from the Ivory Coasthave filed an official complaint with the UN Continental Shelf Commission over what it calls a breach of its international waters by petroleum companies from Ghana. The authorities say that current drilling activities are serious and will treat those companies as committing “assault amounting to theft and looting of raw materials”. [...]
