Finland

testosteronepit's picture

The End Of Nuclear Energy In Japan?





The zero-nuclear option has a hugely popular and powerful backer in Shinzo Abe’s own party: former Prime Minister Koizumi

 
Pivotfarm's picture

Human Capital: Switzerland or Yemen?





What would you say to working in either Switzerland or Yemen? The choice wouldn’t take too long to ponder over I guess when it comes to providing a healthy environment in which factors that would lead to long-term economic success that might be taken into consideration.

 
Tyler Durden's picture

Mapping The Collapse Of European Democracy





Democracy has regressed in 15 out of the 17 euro-area countries since 2008, according to the Economist Intelligence Unit’s democracy index, as economic policy was increasingly influenced by the ECB, the EU and the IMF, instead of elected politicians - something Nigel Farage has been vociferously concerned about.

 
Pivotfarm's picture

EU PMI Up but Economy Still Fragile





The Germans will be getting out the beer and drinking a double dose of the amber nectar not only because MuttiMerkel as she is known (otherwise known as ‘Mother’ Angela Merkel) was reelected on Sunday 22nd September, but also because new reports issued today show that the Eurozone is doing better than expected.

 
Tyler Durden's picture

These False Flags Were Used To Start A War





Just in case one's history textbook had a few extra pages ripped out, this may be a good time to recall just how far one's government is willing to go to start a war under false pretenses.

 
Pivotfarm's picture

Sovereign-Debt Risk – Best and Worst





Sovereign debt is the bonds that are issued by national governments in foreign currencies with the intent to finance a country’s growth. The risk involved is determined by whether that country is a developed or a developing country, whether that country has a stable government or not and the sovereign-credit ratings that are attributed by agencies to that country’s economy.

 
Tyler Durden's picture

Eric Sprott On Central Banks, Bullion Banks and the Physical Gold Market Conundrum





The recent decline in gold prices and the drain from physical ETFs have been interpreted by the media as signaling the end of the gold bull market. However, our analysis of the supply and demand dynamics underlying the gold market does not support this thesis. In our view, the bullion banks’ fractional gold deposit system is testing its limits. Too much paper gold exists for the amount of physical gold available. Demand from emerging markets, who do not settle for paper gold, has perturbed the status quo. Thus, our recommendation to investors is the following: empty unallocated gold accounts and redeem your gold in physical form (while you still can).

 
Tyler Durden's picture

EFSF Downgraded To AA+, Or French Fitch Flunks EFSF Following France Flub





Prompted by their FrAAAnce downgrade to AA+, French-owned Fitch has downgraded Europe's last best promise/hope - the EFSF - from AAA to AA+... but the crisis is still behind us - we are assure by such truth-sayers as Juncker, Barroso, and Merkel (pre-elections). The key sentence is "Following the downgrade of France's IDR, the EFSF's long-term debt issues are not fully covered by 'AAA' guarantees and over-guarantees and, for debt issued before October 2011, by the cash reserve." So that's good then... Don't worry though since "Fitch assumes there will be progress in deepening fiscal and financial integration at the eurozone level in line with commitments by euro area policy makers"

 
Tyler Durden's picture

Snowden Withdraws Russia Asylum Request; Nine Countries Deny Application





Things are turning from bad to worse for the real-life version of The Terminal's Edward Snowden, who a day after applying to 21 countries for political asylum has been flooded with rejection letters near and far, even as he was forced to cancel his application to his current host nation, Russia, after being told he would have to stop leaking secrets as a condition to stay. More from the FT: "The 30-year-old fugitive’s options narrowed further on Tuesday when China reacted coolly to the idea of him moving there, Poland rejected an application and other European nations said asylum requests had to be made in the country."

 
Tyler Durden's picture

The 21 Nations That Edward Snowden Is Applying To For Asylum





Are these the only truly free countries left in the world - those that are not joined at the hip with the United States and ready and willing to do Obama's bidding at the drop of a hat? The NSA's most infamous whistleblower certainly thinks so.

 
Tyler Durden's picture

Snowden Not Debriefed, Russia Says; As Ecuador Demands US Position In Writing





Following Putin's colorful description of the no-man's-land that Edward Snowden seems to reside in, Wikileaks has confirmed this morning that "Mr. Snowden is not being 'debriefed' by the FSB. He is well." As Rianovosti notes, there has been widespread skepticism that the presence of the Snowden at a Moscow airport would not have prompted any interest from Russian intelligence officials. Snowden’s ultimate destination is unknown, but Ecuador – which has given refuge to WikiLeaks founder Julian Assange at its embassy in London – has now demanded that, as The South China Morning Post reports, the US must “submit its position” regarding Snowden to the Ecuadorian government in writing as it considers his request for asylum. Ecuador's foreign minister added, "his government could take months to decide whether to grant asylum."

 
Tyler Durden's picture

Guest Post: China’s Arctic Strategy





China has certainly been busy since it won observer status at the May Arctic Council summit in Kiruna, Sweden. China is clearly after more than simply investment and trade opportunities as it continues to display its obsession with securing energy and other supplies where the U.S. Navy cannot or will not go. Unfortunately for Moscow, not only China but also the other new Asian members will seek to maximize their influence in the Council for many of the same reasons. The Arctic may be Russia’s home, but it can no longer be its castle.

 
Tyler Durden's picture

Guest Post: The Real Story Of The Cyprus Debt Crisis (Part 2)





As noted yesterday, and perhspa even more prescient now Anastasiades is back with the begging bowl, the debt crisis in Cyprus and the subsequent "bail-in" confiscation of bank depositors' money matter for two reasons: 1. The banking/debt crisis in Cyprus shares many characteristics with other banking/debt crises. 2. The official Eurozone resolution of the crisis may provide a template for future resolutions of other banking/debt crises. It also matters for another reason: not only is the bail-in a direct theft of depositors' money, the entire bailout is essentially a wholesale theft of national assets. This is the inevitable result of political Elites swearing allegiance to the European Monetary Union.

 
Tyler Durden's picture

Yen Soars Most In Over Three Years, Nikkei Futures Plummet





Overnight, following the disappointing BOJ announcement which contained none of the Goldman-expected "buy thesis" elements in it, things started going rapidly out of control, and culminated with the USDJPY plunging from 99 to under 96.50 as of minutes ago, which was the equivalent of a 2.3% jump in the Yen, the currency's biggest surge in over three years. Adding insult to injury was finance ministry official Eisuke Sakakibara who said that further weakening of yen "not likely" at the moment, that the currency will hover around 100 (or surge as the case may be) and that 2% inflation is "a dream." Bottom line, NKY225 futures have had one of their trademark 700 points swing days, and are back knocking on the 12-handle door. Once again, the muppets have been slain. Golf clap Goldman.

 
Tyler Durden's picture

The Most Over/Under-Valued Housing Markets In The World





House prices - with respect to both levels and changes - differ widely across OECD countries. As a simple measure of relative rich or cheapness, the OECD calculates if the price-to-rent ratio (a measure of the profitability of owning a house) and the price-to-income ratio (a measure of affordability) are above their long-term averages, house prices are said to be overvalued, and vice-versa. There are clearly some nations that are extremely over-valued and others that are cheap but as SocGen's Albert Edwards notes, it is the UK that stands out as authorities have gone out of their way to prop up house prices - still extremely over-valued (20-30%) - despite being at the epicenter of the global credit bust. Summing up the central bankers anthem, Edwards exclaims: "what makes me genuinely really angry is that burdening our children with more debt to buy ridiculously expensive houses is seen as a solution to the problem of excessively expensive housing." It's not different this time.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!