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Desperate Spaniards are fleeing in their thousands to set up new lives in Argentina, preferring rampant inflation to the prospect of searching for a job in a country with the highest unemployment rate in the industrialised world. Official figures show that more than 65,000 Spaniards have fled to Argentina since the onset of the 2008 financial crisis, with another 25,000 settling in Mexico. Faced with a jobless rate of close to 25pc, [...] October 7th, 2012 | Tags: Argentina People, Barcelona, Commercial Director, Crisis Argentina, Debt Crisis, Financial Crisis, Inflation Rate, Jobless Rate, Joblessness, Mexico, Rampant Inflation, Searching For A Job, Sewerage, Spain People, Spaniards, Sunday Times, Telegraph, Trade Barriers, Uk Finance, Unemployment Rate | Category: All | Leave a comment
WTO official warns of rising protectionism SINGAPORE–The head of the World Trade Organization warned Friday that protectionist measures are on the rise around the world, after the Geneva-based group said world trade will grow more slowly in 2012 than predicted earlier this year. “I remain convinced that this recovery will be slow,” WTO Director-General Pascal Lamy told a business group. He said the pressure to throw up trade barriers is [...] September 21st, 2012 | Tags: 1930s, Business Group, Desperate Effort, Director General Pascal Lamy, Economic Activity, Global Trade, Great Depression, Headwinds, Home Latest News, Nontariff Barriers, Protectionism Trade, Protectionist Measures, Restrictive Trade, Slowdown, Slump, Trade Barriers, Trade Policies, Universal Agreement, World Trade Organization, Wto Director General | Category: All | Leave a comment
By Kurt Brouwer, MarketWatch On September 15, 2008, Lehman Brothers failed and its collapse triggered a financial panic. This was the first true panic since the Great Depression or even perhaps since 1907. A financial panic is very different from a regular stock market decline such as we saw in 2000-02 or 1973-74. A falling stock market may be scary, but falling stocks alone do not [...] October 21st, 2011 | Tags: Brouwer, Economic Output, Excessive Debt, Federal Reserve Bank, Financial Panic, Financial Panics, Historical Perspective, Lehman Brothers, Rare Events, Real Estate Values, Stock Market Decline, Trade Barriers, Waterfall | Category: All | Leave a comment
workers assembling an engine at a Volkswagen factory in Tennessee. FORTUNE – Until the end of World War II, America’s economy was almost completely self-sufficient. Everything it consumed it also produced. The big shift away from manufacturing came as the U.S. sought to speed the recoveries of war-ravaged Europe and Asia. Trade barriers fell significantly and soon American companies were sending emissaries abroad, looking to do [...] October 9th, 2011 | Tags: Accenture, Asia Trade, Boston Consulting Group, Bulldozers, Emissaries, Excavator, Excavators, Productivity Growth, Rebirth, Technological Advances, Trade Barriers, Wage Countries, World War Ii | Category: All | Leave a comment
by Gerald Celente After the tumultuous years of the Great Recession, a battered people may wish that 2011 will bring a return to kinder, gentler times. But that is not what we are predicting. Instead, the fruits of government and institutional action – and inaction – on many fronts will ripen in unplanned-for fashions. Trends we have previously identified, and that have been brewing for some time, will reach maturity in 2011, [...] December 19th, 2010 | Tags: Arbiters, Crack Up, Debt Problems, Employment Numbers, Fiscal Obligations, Inaction, Maturity, Question Authority, Top Trends, Trade Barriers, Trends Journal, Variations, Wake Up Call | Category: All | Leave a comment
We’re headed down a slippery slope toward a repeat of the 1930s, Robert Skidelsky worries, citing the lack of agreement on currencies or trade at G20, and accusations of deliberate currency manipulation to get a trade advantage. LONDON – The just concluded G-20 meeting in Seoul broke up without agreement on either currencies or trade. China and the United States accused each other of deliberately [...] November 23rd, 2010 | Tags: Accusations, Bank Deposits, Bloc, Business Confidence, China And The United States, Currency War, G20, Global Leaders, Import Duties, Robert Skidelsky, Seoul, Slippery Slope, Smoot Hawley Tariff, Thicket, Trade Barriers, Trade China, Trade War, World Economic Conference | Category: All | Leave a comment
I am reading “The Betrayal of American Prosperity” by Clyde Prestowitz for an October book club. It discusses things not at all in detailed economic theory, but in terms that an average citizen can easily relate to — especially a citizen who has endured the recent meltdown. I learned about the “American System” or “American School”, which basically was an overarching national economic policy for America designed by some of our [...] September 17th, 2010 | Tags: American Economic Policy, American Prosperity, Backdrop, Betrayal, Citizen, Current Times, Economic Imperialism, Economic Thought, Founding Fathers, International Trade Talks, Meltdown, National Economic Policy, President Nixon, Tariff, Trade Barriers, Washington Consensus | Category: All | Leave a comment
from another article: “… 903 million Asians (are) already living on $1.25 or less a day…” Do you want to live on $1.25 per day? Do you want that for your children, grandchildren, nephew…. your fellow American’s? The problem is that the global international banker who tell our government what to do have squeezed as much [...] September 6th, 2010 | Tags: Asians, Doctors, Food Chain, Jobs Overseas, Jobs Usa, Nephew, Real Estate, Slavery, Tangible Wealth, Trade Barriers, Zombie | Category: All | Leave a comment
Gold is telling me that people believe that we are going to crash and burn with all this belt tightening… then quickly start printing again, when the pols see what happens. We really are going to live the 1930′s. Americans simply have to learn to live with the fact they are going to be much, much poorer than they have ever been. It’s a bit like steroids. If your competition is [...] June 18th, 2010 | Tags: Benefactors, Biggie, Contrary, Depression, Emerging Markets, Enema, Pols, Rectitude, Slave Wages, Steroids, Stupid People, Tax Cuts, Trade Barriers, Transferring Money, Us Congress | Category: All | Leave a comment
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Spiegel: ‘The US Is Hypocritical when It Lectures Europe’
From Spiegel:
‘The US Is Hypocritical when It Lectures Europe’
The closing group photos from the G-20 meeting in Mexico show the world’s top leaders smiling in a show of unity. But German observers say the happy family shots belie the serious problems the world economy faces — and the mudslinging that went on during the summit.
It’s another wait-and-see game for the euro, as world leaders wait for euro leaders — in particular [...]