Alasdair Macleod: Europe is a Hot Mess

Its banks are the weak point in the global financial system
Sunday, July 28, 2013, 9:42 AM

It's almost August, the month everyone in Europe takes off on holiday to forget their troubles. This year may be different, though, as not only can many not afford a vacation, but Europe's troubles loom so large that forgetting them won't be easy... » Read more


Europe's Precarious Banks Will Determine the Future

Ticking time bombs
Tuesday, June 25, 2013, 4:09 PM

Crying Wolf?

It is easy to get the impression that the naysayers are wrong about Europe. After all of the predictions of Armageddon, ten-year government bond yields for Spain and Italy fell to the 4% level, France (which is retreating into old-fashioned socialism) was able to borrow at about 2%, and one of the best-performing bond investments has been until recently – wait for it – Greek government bonds! Admittedly, bond yields have risen from those lows, but so have they everywhere. It is clear, when one stands back from all the usual euro-rhetoric, that, as a threat to the global financial system, it is a case of "panic over." » Read more

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A Report From Europe

A Report From Europe

How bad are things there, really? A reader gives a boots-on-the-ground account after a recent trip.

Daily Digest

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Daily Digest 5/23 - Big Wind’s Trail Of Wings, Living Buildings For Tomorrow's Cities

Thursday, May 23, 2013, 9:22 AM
  • Gold ETFs Are Liquidating By The Ton
  • Schizophrenic investors expect slump: bet on boom
  • Clients Denied Gold At Major Banks As Shortage Intensifies
  • Thanks To QE Bernanke Has Injected Foreign Banks With Over $1 Trillion In Cash For First Time Ever
  • Gramm and McMillin: The Debt Problem Hasn't Vanished
  • Want to Save the Environment? Build More Cities
  • Republic of Ireland calls for international tax action
  • US Treasury secretary says he has begun tapping federal retiree pension fund to avoid default
  • Millions falling into poverty in recession-racked Italy: report
  • Seven Ways Today's Economy Is Like The NHL Playoffs
  • PBS Killed Wisconsin Uprising Documentary "Citizen Koch" To Appease Koch Brothers
  • Court upholds B.C. mining company’s use of temporary foreign workers from China
  • Big Wind’s trail of wings
  • Living buildings for tomorrow’s cities
  • Food swapping: The movement taking off in the UK
Daily Digest

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Daily Digest 4/17 - Cyprus Braces For Russian Exodus, Half NYC Workforce On Food Stamps

Wednesday, April 17, 2013, 1:37 PM
  • Ohio’s $500 Billion Oil Dream Fades as Drillers Misjudge: Energy
  • Cyprus braces for Russian cash exodus
  • Italy May Cut $6.6 Billion in Defense Spending This Year
  • Detroit's encroaching blight as seen through Google and Bing maps
  • Smithsonian to close galleries due to budget cuts
  • Three-fold increase in demand for Gold: Jewellers
  • Bailouts push German debt to new record
  • Italy's temporary layoff scheme runs out of cash, sparks protests
  • Almost half of NYC workforce on food stamps
  • Let them eat vegetables: Egypt's wheat farmers hit hard by diesel price hikes
  • South Korea Proposes $15.3 Billion Stimulus Budget
  • EU warns of budget constraints as Cyprus seeks more aid
Daily Digest

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Daily Digest 4/10 - Americans Skipping Meds To Save Money, Italians' Spending Power Crumbles

Wednesday, April 10, 2013, 10:14 AM
  • Blue Angels Grounded by Budget Cuts for Rest of 2013
  • Cyprus Faces Risk of Payments Freeeze, Budget Shortfall Looms
  • Arizona gold bill moving forward
  • Five million households in debt to energy firms
  • Fitch Cuts China Yuan Debt Rating on Local Government Borrowing
  • French economy stalls as budget deficit grows
  • Stately Detroit Homes Rot As Appraisals Stall Sales
  • US homeless numbers expected to rise as spending cuts deepen
  • Italians' spending power crumbles in recession
  • Bass Says Japan Bondholders’ Reaction to Stimulus Telling
  • Interest on government student loans set to double this summer
  • Americans Skipping Prescription Meds To Save Money
Daily Digest

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Daily Digest 3/20 - Workers Saving Too Little to Retire, Lawmakers Back PMs As Currency

Wednesday, March 20, 2013, 9:39 AM
  • Workers Saving Too Little to Retire
  • Bad debts at Italian banks top 126 bln euros in January
  • Spanish Lenders’ Bad-Loan Ratio Resumed Increase in January
  • Darling: Cyprus savings raid could trigger bank runs across Europe
  • France, Belgium told to count Dexia bailout in deficits
  • Lawmakers back gold, silver as currency
  • National student loan debt triples, Miami average fifth highest in Ohio
  • As crop prices surge, investment firms, farmers vie for land
  • Speed on green cameras paying off
  • Cyprus parliament rejects deposit levy: reports
  • PIMCO reduces exposure to euro in wake of ‘botched’ Cyprus bailout: report
  • National debt jumps $300 billion ytd
Daily Digest

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Daily Digest 3/19 - Detroit And Cyprus Offer Budget Lessons, Is The "Buy to Rent" Party Over?

Tuesday, March 19, 2013, 11:06 AM
  • Should We Own Our Washing Machines?
  • S&P warns of ‘socially explosive’ situation in Spain, Italy and France
  • China's Gold Reserves: Watch What They Do, Not What They Say
  • Hudak’s PC party would revamp Ontario pensions by raising retirement age
  • Culture shock for Amazon chief's son who left rainforest for New York
  • Is The "Buy to Rent" Party Over?
  • Matt Gurney: Want your education paid for? Take something useful
  • Detroit and Cyprus offer debt lessons for budget
  • Silver and Gold Purchases: Domestic and Offshore Storage
  • Tanker rout reversing as U.S. buys more Middle East oil
  • China's Suntech Power in $541m debt default
  • Russia, Saudi Arabia hope to emulate U.S. shale boom
  • Coal Is the Fuel of the Past and the Future
  • Lockheed slashes energy required to desalinate water
  • Pentagon weapons-maker finds method for cheap, clean water
  • Mike Holmes: Water makes the world go around
Daily Digest

Daily Digest 3/14 - Endless Government Manipulation, The Price Of Green Energy

Thursday, March 14, 2013, 9:43 AM
  • The graph Bernanke should look at before ‘exiting’ anything
  • Charlie Rose: Jeremy Grantham
  • Mark Faber: Endless Government Manipulation
  • Inflation Targeting Revisited; Three Major Fed-Sponsored Bubbles; Who Benefits From Inflation?
  • 1,000 companies going bankrupt in Italy every day as country faces full-scale ‘credit emergency’
  • Young inventor’s flash idea to scare off lions
  • Detroit City Council continues to fight governor's EFM plan
  • U.S. to let spy agencies scour Americans' finances
  • It's Going To End Badly
  • Thieves Blight Nigeria's Swamps with Spilt Oil
  • Deepwater rig worker weeps as he admits he overlooked warning of blast that set off America’s worst environmental disaster
  • The Price of Green Energy: Is Germany Killing the Environment to Save It?
  • Japan's Methane Hydrate Gas Extraction Is First In The World
  • Greenland's resources boom still more talk than action
  • Analysis: Antibiotic apocalypse
  • Pentagon weapons-maker finds method for cheap, clean water

  » Read more

Daily Digest

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Daily Digest 3/10 - Austerity Still Not Working, What If Women Ruled The World?

Sunday, March 10, 2013, 9:37 AM
  • Elizabeth Warren: What Level of Criminality Will It Take to Shut Down a Bank, (Mr. President)?
  • Viewpoint: What if women ruled the world?
  • Max Keiser on Bitcoin Currency | Interview with Max Keiser
  • Gold Price “Weakness” Explained By The Ongoing Currency War
  • Austerity: Still Not Working
  • ‘Everyone’s a bit lost’: Carmakers think outside the box as electric dreams shatter
  • Tiny German village a model in country's energy revolution
  • Gardening Link Bomb
  • Invasive species hitchhiking to west coast on tsunami debris