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Greece’s Anti-Austerity Syriza Party Officially Wins Parliamentary Elections
Greece’s radical leftist party, Syriza, has won the country’s parliamentary electiona, claiming 35.11 percent of the vote, and leaving the ruling New Democracy party in second place with 29.22 percent, according to the first official results. The exit-polls earlier revealed that Syriza, has won between 35.5 and 39.5 percent of the vote in the national … Continue reading
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By Mike Whitney Let’s say you’re diagnosed with colorectal cancer. But instead of going to a professional for help, you decide to treat yourself with glycerol suppositories and high doses of Vitamin C. Well, then, you’re probably going to die, right? This same rule applies to economics. If you try to reduce unemployment and boost growth by … Continue reading
By Carl Finamore The most powerful example of people’s power among all the “Arab Spring” uprisings will observe its fourth anniversary on Jan. 25, 2015, still officially proclaimed Revolution Day since the fall of dictator Hosni Mubarak on Feb. 2011. But for those commemorating the thousands who shed blood in the name of democracy and … Continue reading
By Michael Snyder The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock. It hit an 11 year low of $1.13, and many analysts believe … Continue reading
By Michael Snyder The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Citigroup and Deutsche Bank both say that their losses were somewhere in the neighborhood of 150 million dollars, a major hedge fund that had 830 million … Continue reading
By Andrew Korybko Credit rating agencies are predicting quite a storm for the Russian economy, and they are therefore threatening to lower the country’s status to ‘junk’ level. Just as a weatherman may be incorrect about their storm predictions, so too may a ‘financial meteorologist’, except the latter has ulterior motives in doing so. S&P has … Continue reading
By Michael Snyder When the stock market starts to behave like a roller coaster, that is a sign that a major move to the downside is right around the corner. As I have stated repeatedly, when the market is very calm it tends to go up. But when the waters start getting really choppy, that is … Continue reading
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