EMerging Equity
Recession
The Political Cost Of Corruption In Brazil
By Stratfor Global Intelligence In the wake of Brazil’s oil corruption scandal, the country’s ruling political coalition has all but fallen apart. The ongoing investigation of corruption charges against state-owned energy giant Petroleo Brasileiro has the Brazilian Democratic Movement Party (PMDB), a long-time ally of the ruling Workers’ Party, distancing itself from Brazilian President Dilma … Continue reading
No End In Sight For Venezuela’s Currency Plunge As Risk Of Default Grows Closer
The OPEC nation of Venezuela has long been home to the world’s highest inflation rate, and now the nation is set to become the site of the 57th hyperinflation event in modern recorded history, says Steve Hanke, professor of applied economics at Johns Hopkins University, Bloomberg reports. As Venezuela’s currency has plunged 32 percent over the past month … Continue reading
Russia In “Full-Blown Crisis,” Comparable To 2009 Crisis, Ex-Finance Minister Says
Russia’s former Finance Minister Alexei Kudrin, a long-time ally of President Vladimir Putin, says the Russian economy is in a “full-blown crisis” — comparable to the 2009 crisis — and warns that the nation will endure a longer recession than is forecasted by the government. Kudrin, during an address on Wednesday to the Federation Council upper house … Continue reading
When Is Repaying Public Debt Not Of The Essence?
Financial bailouts, stimulus spending, and lower revenues during the Great Recession have resulted in some of the highest public debt ratios seen in advanced economies in the past forty years. Recent debates have centered on the pace at which to pay down this debt, with few questions being asked about whether the debt needs to … Continue reading
A Recession Within A Recession
On Friday, the federal government announced that the U.S. economy contracted at a 0.7 percent annual rate during the first quarter of 2015. This unexpected shrinking of the economy is being primarily blamed on “harsh” weather during the first three months of this year and on the strengthening of the U.S. dollar. By Michael Snyder … Continue reading
On The Verge Of The Next Economic Crisis, 62 Percent Of Americans Are Living Paycheck To Paycheck – OpEd
By Michael Snyder Nearly two-thirds of all Americans are completely and totally unprepared for the next economic crisis. As you will read about below, a new survey has found that only 38 percent of Americans have enough money on hand to cover “a $500 repair bill or a $1,000 emergency room visit”. That essentially means … Continue reading
The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015
The American people are feeling really good right about now. For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession. In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it … Continue reading
Russia’s Central Bank Increased Its Main Interest Rate By More Than Analysts Expected
As a result of plunging global oil prices and Western sanctions hurting the Russian economy, the rouble has been sliding. In order to protect the currency, today Russia’s central bank hiked its main interest rate by 1.5 percentage points, which is more than analysts expected. On a cumulative basis, the Central Bank of Russia increased the … Continue reading
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