Price waves have widened significantly and quickly since September. On 18 separate days last month, the Dow Jones swung by at least 200 points. In one week, it moved more than 400 points a day for four consecutive days. And, on October 4, it abruptly turned from a decline and jumped 400 points in less ... Read More »
October 18 will signify either a salvation or a prolonged suffering for Greece. The euro-zone leader’s summit, set for the 18th in Brussels, will complete the modifications to the European Financial Stability Facility, the bailout fund used to save Portugal and Ireland last year, to have the extended funds and power to bail out Greece. ... Read More »
Greece never should have joined the EU in the first place. Doing so tied the nation down, pushed them into a world of easier credit, and flooded the country with cheap exports. When Greece joined the EU, they signed away economic sovereignty and prosperity. Debt: Greece’s Original Sin Ever since the founding of modern Greece ... Read More »
As companies have felt the economic squeeze during the past three years, due to the recession, valuable lessons can be learned from the manufacturing sector. Any entrepreneur should learn what manufacturing companies are doing to compensate for these hard times. First, however, many argue that people place too much emphasis on manufacturing as the primary ... Read More »
Yesterday, it was reported that US GDP growth slowed during this past quarter from 3.1% to a new low since last spring: 1.8%. Naturally, people responded to this statistic negatively. Consumer confidence dropped for the first time in a month as US household’s 6-month outlook was hesitant. However, contrary to popular opinion, this slowed GDP ... Read More »
Over time, prices have a tendency to increase. Though there are many factors that contribute to an increase in consumer prices, inflation is usually the most rudimentary and common. Historically, inflation has contributed to the collapse of countries and most empires. Ancient Rome clipped the edges of their denarii until bread cost 300 denarii a ... Read More »
When billionaire Warren Buffet throws his money around, people listen. Recently, Warren Buffet announced his decision to buy stocks and ownership of a variety of companies in India, a country only 25 years ago considered a third-world nation. This kind of announcement deserves some investigation. Isn’t India the country with millions living on less than ... Read More »