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Tag: Sovereign Debt Crisis

The Economic Decline of Europe With Rising Interest Rates?

I have returned from a two-week tour of Europe covering the UK, Germany, and Italy. Europe is in dire straights. I have stayed on the Via Veneto since my parents...

British MoD Allegedly Hacked by China on May 7

The Ministry of Defence (MoD) announced on May 7 that they were targeted by hackers. The initial announcement did not state who was responsible, but Sky News...

Imagine Waking from an 8-Year Coma – Reflections from the Last ECM Wave

The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and...

Mexico Dethrones China as America’s Largest Exporter

Based on data from the US Commerce Department, China is no longer America’s top supplier of goods. Imported goods from Mexico rose by around 5% from 2022 to 2023,...

Christine Lagarde’s Approval Tanks Among own Staff

European Central Bank President Christine Lagarde’s approval rating is “poor,” at best, according to a union-run IPSO survey. Around 60% of European Central...

Schwab Getting Desperate? Martin Armstrong Agenda Contributor at WEF

OK. I cannot even count the emails coming in on this one.  It seems Schwab has found someone with the same name but is just a journalist, and he has been sending...

Greece’s Public Debt Reached 193% of GDP

Greece’s debt problem has been unrelenting. The European Union refuses to consolidate member state debt, and Greece’s money woes have only multiplied since...

Japan Surpasses China as Top Holder of US Debt

For the first time since 2010, China holds less than $1 trillion in US debt. China held $980.8 billion in US debt in May, a $23 billion decline from April and a...

Draghi Out – The Dominoes Fall

Italian Prime Minister Mario Draghi announced his resignation on Thursday after he fell out of favor with the Five Star Movement. Similar to Boris Johnson, once...

Defaults & Stupidity

The West has forced Russia into its first foreign debt default since 1918. You really have to wonder exactly how our world leaders rationalize their reasoning....