The US
2014-2015: the dominoes of pensions, Munis and the Dollar
At the
source of the current huge global disorder (Ukraine, Iraq), is of course, as we
have repeatedly explained, the end of the American superpower. Whether it’s
dying at local level, the US pension system on the brink of collapse, the
population’s extreme poverty, the student debt bomb, the problems at federal
level, the political crisis, or global chaos… everything is related to the fall
of the Dollar wall, and to the vain US methods to plug the breaches. This wall
is crumbling before our eyes as well as the old US-dominated world order which
has now run out of breath. Numerous cracks come from the outside: for example
the challenge to US dominance by China and Russia. But, amongst the most
serious cracks in the Dollar wall, is the market for US municipal bonds and the
US pension system. Pensions, because an environment of interest rates on the
floor doesn’t allow pension funds to meet the performance which they had
planned; Munis (municipal bonds) because this huge market will collapse if a
city of significant size is unable to repay its bonds. Yet the two are linked:
for many public pensions are paid locally, increasing the pressure on municipal
budgets and precipitating bankruptcy…
EU recovery
strengthening despite global decline, World Bank forecasts
The outlook
for the European economy has improved despite the looming threat of Greece
being forced out of the eurozone, according to a new report by the World
Bank...
EUObserver
La faillite qui pourrait effacer la colossale dette des étudiants
américains
Abandonnés par leur université en faillite, les étudiants
des Corinthian Colleges, premier réseau d'enseignement supérieur privé,
espèrent qu'une partie de leur dette sera effacée par le gouvernement. Une
mesure qui pourrait s'appliquer aux étudiants victimes de la communication
mensongère de leur établissement...
La Tribune
MEPs fume
over delayed TTIP vote
MEPs voiced
their anger on Wednesday after a European Parliament vote on the controversial
free trade deal between the EU and the US, known as TTIP, was delayed at the
last minute...
EU gauges
will for Latin America trade deal
The EU's
trade commissioner Cecila Malmstroem will be meeting with trade ministers from
Argentina, Brazil, Paraguay, and Uruguay on Thursday morning (11 June), to
gauge how much support there is for a trade agreement...
Wall St. up
on robust retail data but Greece weighs
U.S. stocks
were higher in afternoon trading on Thursday, helped by strong retail sales
data, but gains were limited by news that the International Monetary Fund had
broken off debt talks with Greece...
There’s No
Place to Hide as Bonds Move in Tandem With Equities
Investors
who’ve tried to balance their holdings between stocks and bonds may be less
protected from asset-price swings than they think...
EU
sanctions hamper Italian-Russian commercial ties: Putin
European
Union (EU) sanctions against Russia are an obstacle for commercial relations
with Italy, Russian President Vladimir Putin said here on Wednesday after
meeting Italian Prime Minister Matteo Renzi...
Cameron’s
mission to renegotiate EU membership suffers setback in Brussels
European
counterparts tell PM of wariness about call for ‘full-on’ treaty change and
plans to impose a four-year ban on EU migrants claiming in-work benefits..
EU says
time for Greek 'happy ending'
EU Commissioner
Pierre Moscovici has said a Greek debt deal is close but needs a "happy
ending", as Greek Prime Minister Alexis Tsipras pushes for an agreement in
Brussels...
Russia
accuses US of inflaming Ukraine conflict
A report
from the US State Department blaming Moscow for provocative action in Ukraine
has been met with rebuke from Russian authorities. Moscow countered that
Washington is forcing Kyiv to continue the war.
Too soon to
hype India's growth story: Chinese think tank
Notwithstanding
reports stating that India's GDP will surpass that of China in the coming
years, a state-run Chinese think tank today said it is "too early" to
hype India's growth rate as it is still facing obstacles. ..
Crunch time
coming for Saudi campaign as options narrow in Yemen
After 11
weeks of air strikes that have failed to change the balance of power in Yemen,
Saudi Arabia is running out of options to restore President Abd-Rabbu Mansour
Hadi's exiled government to Sanaa...
Amazon’s
E-Books Business Investigated by European Antitrust Regulators
European
regulators announced an antitrust investigation on Thursday into whetherAmazon
used its dominant position in the region’s e-books market to favor its own
products over those of rivals...
Pays
émergents: les investissements dans les infrastrutures ont progressé en 2014
Les
engagements d'investissements privés dans les infrastructures dans les pays
émergents ont atteint 107,5 milliards de dollars en 2014, dopés par une vive
progression de l'activité au Brésil, selon un rapport de la banque mondiale
mardi...
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