The Cream Always Rises To The Top

March 16, 2012

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Do you remember the long standing expression “the cream always rises to the top”? Cream is considered expensive, more desirable, and therefore better than alternatives. When something is better than the rest (the cream), it is inevitable that it will rise to the top. The U.S., or the cream in this analogy, is slowly emerging […]

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Essential Partners in the U.S. Economic Recovery: Employment & Housing

March 2, 2012

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The U.S. Government reported on Wednesday, February 29 that the economy grew at a 3 percent annual rate in the fourth quarter of 2011 – somewhat faster than estimated. The Federal Reserve said that the U.S. economy expanded at a “modest to moderate pace” in the first two months of this year. However, Fed Chairman […]

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The question of the day…for the last two years: Are the EU leaders ready to bailout Greece or throw her under the bus?

February 16, 2012

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The Euro zone financial officials and the EU political leaders are exploring ways of delaying some components of the second bailout package for Greece, or even delaying the entire bailout altogether,  while they try to avoid a disorderly default. According to EU sources, the postponement could extend until April, when Greece holds their parliamentary elections. […]

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The U.S. economy: recovery or slowdown? It still comes down to a four letter word: JOBS

February 8, 2012

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U.S. consumer confidence unexpectedly declined in January. The New York based Conference Board reported on January 30th that the confidence index fell from 64.8 to 61.1 exceeding even the most pessimistic forecast. Some economists were actually projecting an increase to 68.0. Americans are worried about their job status, income, rising food and gas prices, and […]

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What is the true underlying strength of the Euro? Hope & Other People’s Money (OPM)

January 20, 2012

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Ancient Greece, considered to be the cradle of civilization for the western world is where it all began. No, not the development of culture and sophistication, but the decline of the euro zone empire. The addiction of excessive, cheap borrowing, major economic slowdown on the verge of recession,  and fear of sovereign debt default  has […]

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China-Japan form currency bloc. Is this the New Kid on the block?

January 9, 2012

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In late December the Japanese government announced that Japan and China will advance direct trading of yen and yuan without using U.S. dollars as the base. Further volatility and uncertainty in the worlds’ currency markets, created by the European debt crisis, has encouraged the promotion of a medium that will cut trading costs and will […]

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Is India on the path to a Sovereign debt crisis?

December 19, 2011

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It begins with the financial instability of a nation’s banking system. Rising interest rates and a higher price tag for insurance against default of a bank’s bonds are the harbinger of difficult fiscal times ahead. These increasing cost of funds for Indian banks are growing at the fastest rate in Asia and are creating a […]

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