Gross Domestic Product

Is Greece Really On The Verge Of Another Financial Crisis?

Just about every adult on earth has seen this show before. Greece faces a debt repayment that it cannot meet... and needs fresh bailout funds. Past budget stringency has failed to relieve Greece’s predicament. If Athens were to unwind this crony-capitalist regulatory regime, it would generate an economic dynamism that Greece desperately needs.

Dear IMF, Please Put Greece Out Of Its Misery

For the umpteenth time, the IMF has warned that Greece cannot meet fiscal targets set by its creditors. And once again, the IMF insists that it will not be a part of the “Troika” unless the goals on Greece are realistic. History suggests the IMF will cave in to Germany and agree to some half-baked plan (make that 1/8th baked plan) that will supposedly put Greece back on track. Such nonsense has been going on for years. Mercy, Please!

US Trade Deficit In 2016 Was The Biggest In Four Years

While the good news is that for December the US trade deficit narrowed modestly to $44.3 billion, better than expected, the bad news is that for all of 2016, the goods and services deficit was $502.3 billion, up $1.9 billion from $500.4 billion in 2015, and the biggest deficit going back to 2012.

Fight Among Greek Creditors Over "Explosive" Debt Sends Greek Bond Yields Soaring

Greek 2Y bond yields soared, approaching 10% for the first time since September 2016, as an increasingly bitter fight between the nation’s creditors over its fiscal targets raised concerns it is running out of time to complete yet another review of its bailout program, and even sparked concerns a 4th Greek bailout may be in the offing.

After Obama, A New Dawn Or More Of The Same?

Donald Trump will face his moment, like it or not. Barack Obama faced it and decided to kick the can down the road and opt for yet more “stimulus.” How Trump deals with it will determine whether or not the US economy recovers from bad policies, or goes the way of Japan and Europe.

Don't Blame Trump When The World Ends

"The point is a century of scientific mismanagement of the currency has pushed the economic, financial, and social order well past any rational limit. Total government debt and stock valuations are at all-time extremes. Something big is coming. You can guarantee it. But don’t blame Trump when the world ends. There ain’t a doggone thing he or anyone else can do to stop it."

Another Greek WTF Showdown Moment Explained

The IMF has once again threatened to pull out of the Troika following a warning that Eurogroup loan measures are not enough for Greek debt. This is one of those WTF moments where statements from Greece, from the IMF, and also the Eurozone make no apparent sense.