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US Consumer Confidence Dips: Trouble in Store for Obama
The US government’s snapshot of the labour market showed only 54,000 jobs were created in May. The lowest since September. Employers are spooked by a volatile economy and are...
How Russia Gains from the Japanese and Middle East Crises
Two unrelated global crises are benefitting Russia. As the primary gas exporter to Europe, Russia stands to gain from the rise in energy prices as a result of unrest...
China Has Just Stopped Exporting Oil (and the Sh*t is Hitting the Fan)
Chinese oil giant Sinopec has stopped exporting oil products to maintain domestic supplies amid disruption concerns caused by Middle East unrest and Japan's earthquake. The state-run Xinhua news...
Egypt To Open Gaza Strip Border
Egyptian Foreign Minister Nabil Elaraby said in an interview with Al Jazeera and discussed that Cairo was working to permanently open the Rafah border crossing with the Hamas-controlled Gaza...
First Chinese Trade Deficit – In Seven Years
China has posted its first quarterly trade deficit in seven years, as it continues efforts to rebalance its economy. The deficit for the first three months of the year...
Junk Bonds: A Drexel Burnham Lambert Legacy
Ares is an investment firm which has $37 billion of funds invested in private equity, high-yield bonds and other corporate debt. Canyon Partners, an alternative-investment firm that manages $18...
Holy Cow! Singapore Economy Grows 22.5 percent in Q1
Following a modest 3.9% quarter on quarter (q-o-q) seasonally-adjusted annual rate (saar) rise in Q4 2010, Singapore’s GDP growth accelerated in Q1 2011, recording a 22.5% sequential expansion. While...
The Pension Crisis: Raise the Retirement Age?
Will raising the retirement age hold off a pension crisis?In the US, the pension deficit amounts to $3 billion. Unlike wages, pension promises have been deemed, weirdly, to be...
Australia: The (Future) Best Country In The World?
According to a recent report by the Organisation for Economic Co-operation and Development (OECD), Australia was ranked as the best advanced economy in the world to live in. The...
Get Ready: A Dozen Countries on the Brink of Default
Spain’s government party gets trounced in local elections, Fitch cuts Greece’s credit rating and S&P's outlook downgrade of Italian sovereign debt has sent credit markets into a tailspin. Many...


