global markets

By Satyajit Das, Minyanville At the time of its independence, India was a stable and relatively open economy with high rates of economic growth and significant international trade and investment. By the 1980s, however the picture had changed. Three decades of poor economic management meant India...

The debt crisis continuous to overwhelm Europe, and the prospects for countries most entrenched in debt, including Portugal, Italy, Greece, Spain, and Ireland, are dismal. Worse, whether these countries voluntarily leave or are coerced to leave, it is conceivable that Germany may opt to go solo...

The New York Times’ reporters covering Europe’s financial, social, and political crises continue to channel Berlin and demonstrate an ignorance of economics so profound that it rivals the Wall Street Journal’s editorial writers and columnists. On May 18, 2012 the NYT published “Rising Greek...

Devaluing the Dollar - Against What? Courtesy of Jesse's Cafe Americain  When people talk about devaluing the dollar, as opposed to reissuing it completely, the natural question is, against what? What would one devalue it against officially if you do not wish to...

By Wayne Ferbert, Minyanville At my firm, we regularly invest in international markets -- both emerging and developed countries. We most often use two ETFs: the iShares Emerging Markets Index (NYSE: EEM) and the iShares MSCI Index (NYSE: EFA). We use these because they both offer strong options...

As Brazil, Russia, India and China, the BRIC countries, advance full-steam ahead, Jim O’Neill’s decade-old prediction for this group of only four countries remains prescient. BRIC is growing an economy that will surpass the combined size of the great G7 economies by 2035. Very little is said,...

Robert Hockett What is by far most remarkable about discussions of the Eurozone's difficulties over the past twenty-four months is what goes unremarked. At least five angry elephants, siblings all, stand in the room stomping beside most of the commentators - especially those who congratulate...

As Iran gets ready to celebrate its greatest holiday of the year, New Year's Eve, on March 20th, it not only celebrates the beginning of a new year but also the end of the dollar as an acceptable currency for payment of its oil. Although the holiday, known as Nowruz, is typically commemorated by...

In part 1 of our 2 part series on financial crashes and bubbles we explored some of the earliest events that occurred prior to the 1900s.  In part 2 we will explore more ‘modern’ crashes.   Wall Street Crash of 1929   The 1920s was known as the “Roaring...

Those of us that were looking for some sort of resolution on the Greek debt crisis that would firmly point the dial in one direction or the other have once again been disappointed. Despite another round of bailouts - this time about 130 billion euros on top of the original 110 billion euro 2010...