Latest News From The World
The recent election of an explicitly anti-austerity party in Greece has upset the prevailing policy consensus in the eurozone, and raised a number of issues that have remained ignored or suppressed in policy circles. Expansionary fiscal consolidations have proven largely elusive. The difficulty of achieving GDP growth while reaching … Read entire story.
Source: Credit Writedowns
The nearly 20 percent rally in oil prices over the past week raised hopes in the oil industry that the financial bloodshed might be over. But hopes were quickly dashed on February 4 when prices erased much of their gains – March deliveries of WTI dropped by a whopping 8 percent in a …
Thursday release of Advance GDP in the United States underscored a plausible increase in the nation’s economic growth. As an early indicator of economic expansion in the world’s largest economy, this indicator is highly important to gauging the direction of the market. Expectations for today’s GDP release were for a…
Investors pulled out roughly $7 billion from Chinese funds over the past week. Chinese funds just experienced the biggest exodus of money ever. Investors abruptly pulled out nearly $7 billion from Chinese funds and ETFs over the past week, according to financial data firm EPFR. The withdrawal comes after index provider MSCI surprised investors by […]