The Economy: Latest News
Economic Survey: India Could Achieve 7% Growth in 2009
New Delhi, India, 2 July 2009. India could achieve 7 Per Cent GDP growth in 2009, and then return its previous 9 per cent plus showing from 2010, but only if significant financial reforms are enacted. That was the verdict of the annual India Economic Survey of 2008 - 2009.
Is Madoff a Scapegoat Covering Up for Wall St?
New York, NY, USA, 1 July 2009. As Bernie Madoff is sentenced to 150 years in prison some think he's merely a scapegoat in what many call the end of capitalism. While his $65 billion fraud ruined the lives of thousands, Wall St titans have left all of us - and our children - with gargantuan debts.
Reserve Currency: China Says Move Beyond the US Dollar, Calls for a New Super-Sovereign Currency
Beijing, China, 29 June 2009. It's no secret that for some time now, China has toyed with the idea of moving away from the US dollar as its reserve currency. And that desire has probably never been stronger as China shudders at the thought of US dollar inflation which would slash the value of its 1.3 trillion in US reserves.
He-cession: The Recession is an Economic Crisis for Men
Eugene, OR, USA, 28 June 2009. Men caused the global recession, and now they are the ones hurting. At least that's what those who dub it a he-cession claim.
Sex and the Economy: Predicting Boom and Bust
Dallas, Texas, USA, 26 June 2009 . It's sex that creates economic peaks and troughs. The number of babies born in a certain time can largely predict economic trends with surprising accuracy. In fact, in 1999, Harry S. Dent predicted that the economy would crash in about 2009.
US Online Advertising Industry: $300 Billion and Counting
Palo Alto, California, USA, 26 June 2009 UPDATE. Further Harvard/ IAB study details show that the commercial transactions value of the internet economy are around $444 million, while the time value could be as high as $680 billion, in addition to the $300 billion employment value generated.
The Wealthiest Nations
Moscow, Russia, 25 June 2009. Expats are often the wealthiest nation-within-a-nation, and they are leading indicators of where the best places to make money are. The suprising winner: Russia. Overall wealth is moving east to the Middle East and Asia, Europe & the US are feeling poorer.
The World's Top (Remaining) Banks
New York, United States 25 June, 2009 - UPDATE. The listing of the worlds top banks has just been updated for 2009 and shows JPMorgan Chase as the strongest bank in the world, RBS and Citi posting the biggest losses, and ICBC of China posting the most profits in 2008.
Is the Stock Market Rally Over?
New York, US, 24 June 2009. The Market Rally that started in March may finally be over, having got ahead of itself - and the economic realities that we still face. As markets have tumbled this week, the technicals have started to come in-line with the fundamentals.
Australian Stimulus Package: The Baroon Dollar
Maleny, Queensland, Australia, 22 June. An Australian community has introduced a new currency, in an effort to stimulate the local economy. The Blackall Range and Sunshine Coast Hinterland region of Queensland, Australia has invented the Baroon Dollar.
The Forex/ Stock Debate: Is Forex Trading or Stock Trading Better?
Singapore, 21 June 2009. The forex market has been gaining a lot more attention lately, with a steady stream of stock traders moving over and citing various reasons why it is a better market for trading. To find out more, EconomyWatch.com caught up with forex expert Jeff Hardy.
World Government Debt Will Tax Our Children's Children
Omaha, Nebraska, USA, 20 June 2009. My mother always used to tell me that when I grew up my Social Security savings would be used to pay for her and other Baby Boomers' retirements. That sounded really scary at the time.
US Financial Regulation Overhaul: Obama Walks Fine Line
Washington DC, USA, 18 June 2009. Obama recently announced dramatic changes to US financial regulations in an attempt to avert future meltdowns. But the plan is not without its critics who fear it will introduce regulation. Yet it still must include enough oversight to prevent future global crises.
Iran Election News Coverage Leaves Traditional Media Tongue-Tied
Tehran, Iran, 18 June 2009. Traditional media's business model is dying, and their reponse to the ban on foreign journalists covering the Iranian crisis is only accelerating that process. For the real news, see Twitter, YouTube and Flickr - not CNN.
The Salaryman: Dying Out with the Japanese Economy
Tokyo, Japan, 18 June 2009. The Salaryman: The stereotypical Japanese breed of corporate samurai seems to be dying out, along with Japan's economy. Enter the grass-eater: A 20-30 year-old Japanese male who lives with his mother, is uninterested in women, is de-motivated at work, sits down to pee, and is an herbivore. Yes, that's right, he eats grass, but not bush.
Mahmoud Ahmadinejad, Iran's Charity Economics and the Apocalypse Brigade
Tehran, Iran, 16 June 2009. The world is outraged by Mahmoud Ahmadinejad's apparently rigged election victory but impartial polls show the results may well be valid. Key to understanding what has happened are Ahmadinejad's charity economics. The long term implications mean that $500 a barrel oil possible and military action leading to an Apocalypse is a desired eventuality for powerful extremists in both Iran and Israel.
European Election: How Did the Right Wing Get Elected?
London, UK, 11 June. The results of the European Union's parliamentary elections last weekend surprised many with the widespread center-right wins. Germany, Italy, France, and Poland all voted in right-leaning leaders. Meanwhile, Socialist Spanish and British administrations took a beating.
Manmohan Singh: Quiet Indian Prime Minister Plans Loud Policy Thrust
Bangalore, Indian, 10 June 2009.Manmohan Singh was once derided as a lame duck prime minster, but his bold new economic plans for India prove quite the opposite.
GM Bankrupt: Global Reactions
Bloomington, Indiana, US, 9 June . As GM goes under, pundits around the world speculate the reasons, and what it means to them today. Everybody seems to be an expert on GM's downfall, but nobody has the solution to saving this dying Behemoth.
Russian Economy on the Brink?
Vladivostock, Russia, 8 June 2009. Russia, basically, is broke. Unlike the United States, which is also broke, Russia doesn't hold a reserve currency and can't keep itself going with other people's money very long. Premium league football, tennis stars and the mafia will only take you so far as well. Either the price of oil goes up soon, or simmering social issues could explode into civil unrest.
