Central Banks – What the coexistence of QE and deflation reveals about the Western financial system
Common sense (or rather economic sense) would expect that excessive use of the printing press, especially in the US and Japan, causes inflation – if not hyperinflation given the amount of money injected into the system. And yet, it’s nothing of the kind. Are deflation and the printing press conniving in the US ? Or in Europe ? How can that be possible ?
Draghi's Dangerous Bet: The Perils of a Weak Euro
The recent decision by the European Central Bank to open the monetary floodgates has weakened the euro and is boosting the German economy. But the move increases the threat of turbulence on the financial markets and could trigger a currency war.
Does Russia's Turkey pipeline make sense?
Russia’s recent abandonment of “South Stream” in favour of “Turkish Stream” signals a new strategy on European exports. But does it make sense? The South Stream pipeline was supposed to connect Russia directly with southern and eastern Europe while avoiding “troubled” Ukraine.EUObserver
Iran Is Ditching The Dollar In Foreign Trade
Iran is no longer using the US dollar in foreign-trade transactions and is replacing it with other currencies, the deputy governor at the Iranian Central Bank Gholami Kamyab said, according to Sputnik News.Business Insider
Panos Kammenos: Greece and the silk road economic belt
It is a great pleasure for me to be with you today, and I thank the organizers warmly for their invitation. The subject of my speech is Greece and its role in the new Silk Road.Schiller Institute
RMB breaks into the top five as a world payments currency
According to SWIFT data, the Chinese yuan overtook the Canadian and Australian dollar as a global payments currency in November 2014, and now takes position behind the Japanese Yen, British pound, Euro and US dollar.Swift
Wall St. little changed after two-day losses, data supports
U.S. stocks were little changed in early trading on Thursday following two days of losses on the benchmark S&P 500, supported by strong labor market data on a busy day for corporate earnings.Reuters
Germany's top institutes push 'Grexit' plans as showdown escalates
A top German body has called for a clear mechanism to force Greece out of the euro if the left-wing Syriza government repudiates the terms of the country’s €245bn rescue. “Financial support must be cut off if Greece does not comply with its reform commitments,” said the Institute of German Economic Research (IW). "If Greece is going to take a tough line, then Europe will take a tough line as well."The Telegraph
Bank of England governor attacks eurozone austerity
Mark Carney says eurozone is caught in a debt trap and should ease hardline budget cuts just days after the Syriza election directly challenged policy .The Guardian
«La Grèce peut forcer l’Europe à changer»
Yanis Varoufakis, économiste et auteur du "Minotaure Planétaire", est candidat pour le parti de la gauche radicale Syriza aux élections du 25 janvier. Il explique son engagement et le sens qu’aurait pour l’Europe une victoire du parti dirigé par Alexis Tsipras...La Tribune
Primo semestre del 2015 : Il Greggio, il Medio Oriente, Charile Hebdo…Gli ultimi test di resistenza del “Modello Occidentale”: suicidio o adattamento
Nell’assenza di un’Europa capace di indicare le vere guerre del futuro, il « mondo di prima » si sta indurendo, chiuso nelle sue ideologie che “pensano seriamente” (le ideologie stanno sempre “pensando seriamente” ) e ripetono le ricette del passato ad nauseam. Nel fare questo, il “mondo di dopo” si sta trovando trasformato: diventerà meno multi-polare, più cinese, e la parte ricoperta dall’Occidente sarà ridotta visibilmente… In realtà, non si tratta di un patto con il diavolo...LEAP / GEAB No 91 (Italian)
Kobane and the myth of ISIL expansion
After 134 days of resistance, the Kurdish People's Protection Units (YPG) in Kobane have finally beaten the assault by the Islamic State of Iraq and the Levant (ISIL) that was launched on September 15. Many analysts, journalists, ISIL itself, and western officials initially predicted a Kurdish defeat in Kobane.Al Jazeera
Tsipras has first clash with EU – over Russia
he newly elected government of Alexis Tsipras argued with Brussels yesterday (27 January) over an EU Council statement threatening Russia with further sanctions. Athens claims its objections were not taken into account. EurActiv Greece reports.Euractiv
Goldman cuts outlook for whole commodity sector
After countless oil price downgrades, analysts at Goldman Sachs have cut their outlook for the commodity sector as a whole. Goldman downgraded commodities on Wednesday—including energy, metals, agriculture and livestock—to "underweight" from "neutral" on a 3-month basis.CNBC
McDonald's up 3.4% afterhours on CEO's exit
After months of lackluster results, McDonald's board has named a new CEO. Steve Easterbrook, 48, the company's chief brand officer, will replace Don Thompson, 51, the current CEO and a 25-year McDonald's veteran, effective March 1.USA Today
Will the UK's gas holders be missed?
Gas holders helped warm the UK's homes for decades. But now they are being removed, with the National Grid saying land is being "redeveloped and given back to communities". Will these sentinels of the industrial age be missed?BBC
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