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Monthly Archives: August 2013
Indian economy slumps as speculative flows retrench
The Indian stock market is now down 25% year to date and 44% since global growth peaked in 2011. India’s currency has continued to weaken despite efforts by the central bank to stem its decline. On Monday, the rupee hit … Continue reading
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ECRI reaffirms US recession began in 2012
Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, talks about the U.S. economy and why GDP revisions lower ahead will reveal the third US recession since 2000 began in late 2012 as consumption turned down. Here is a direct … Continue reading
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Banks: “if we aren’t allowed to cheat and take unfair advantage then we’re out”
For the past 10 years, investment banks have enjoyed a veritable free-for-all, trading, churning and making manipulating markets however they wished to goose profits. Any time regulators did caution or confront them, banks were able to pay modest fines and … Continue reading
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