An article in the UK Telegraph stated that Greece’s Deputy PM had lashed out at Germany over war-time atrocities and accused Italy of cooking its books. This seems like a fairly dumb thing to do when you are hoping that Germany might hand over some cash to help you out of the hole you’ve dug yourself.
February 26th, 2010 | Murray Dawes | 2 comments | ContinuedAll Posts Tagged With: "U.S. markets"
Dubai, the Financial Center Built on Sand
No on is sure what is going on. Most people take from this story what we knew all along: lending to shady characters in sunny places is not an easy way to make money.
December 1st, 2009 | Bill Bonner | 1 comment | Continued
China Performs a Kind of Financial Alchemy
“Chinese industrial output fell for four months between July and November, but has since recovered all those losses. A similar pattern has been seen in Korea, where industrial output suffered a sharp decline around year end but apparently made up about half of that over February and March.
May 19th, 2009 | Dan Denning | 10 comments | Continued
