Originally posted on Today's Defense & International Relations Topics:
The latest round of talks aimed at averting a Greek default have concluded with no resolution or agreements. This morning, discussion between Greece and its creditors did not produce a deal. With the end of the week approaching, the chances of a solid deal between…
The daily barrage of Greek news is overwhelming and investors are anchoring their decisions on any piece of noise which may indicate that Greece is safe and Europe has solved the problem which haunts financial markets for months. The solution is not coming and the 11th hour or shall we say 12th hour solution is … Continue reading
By Enrique Lescure Introduction Francis Fukuyama coined the term “end of history” in 1992, following the collapse of the Soviet Union. The bipolar world, divided between the Capitalistic and Socialistic blocs, was no more, and was replaced with a world characterised by unipolar hegemony by the United States, and the strengthening of supranational institutions aiming … Continue reading
As growth in China slows, the nation is looking to crank up its credit machine and allow its banks to lend as much as they desire in a move to help boost economic growth. In one of its boldest and riskiest steps in banking reform, China is moving to end a two-decade-old banking rule that has capped lending relative to deposits. Late on … Continue reading
By Michael Snyder Are we about to witness trillions of dollars of “paper wealth” vaporize into thin air? During the next financial crisis, a lot of “wealthy” investors are going to be in for a very rude awakening. The truth is that securities are only worth what someone else is willing to pay for them, … Continue reading
Ukraine faces a solvency and liquidity crisis and will likely miss a bond coupon payment in July and — as a result — will default on its debt, according to Goldman Sachs. The Ukrainian government is unlikely to resolve a disagreement with its creditors on its debt repayment plan in the approaching weeks and will likely issue a moratorium before … Continue reading