GDP came in at 2.2% for the first quarter – an uninspiring rate considering that GDP grew 3% in the fourth quarter last year and the economy was expected to expand by 2.5% this past quarter. What kept the economy from doing even worse were car sales.
Will the euro survive? And will the European Union survive its increasingly polarizing north-south split?
Did you catch it? Paul Krugman vs. Ron Paul on Bloomberg TV yesterday. If you were busy at work, like most Americans, below is a snapshot of their debate (if you can call it that).
I never seem to be in step with how people view other countries. It used to frustrate me. But my frustrations were washed away in all the money I made. Turns out, being a lone wolf has its advantages.
My nightmare scenario is an unstoppable banking crisis from Europe that spreads to the rest of the world with dire consequences for the global economy.
A few weeks ago a bit of news made the rounds. It was said that American corporations pay the highest overall taxes in the world by giving the government around 39.2% of their profits.
You’ve probably heard about the massive Tupi oilfield off the shores of Brazil. It’s estimated to hold eight billion barrels of oil. And as you can imagine, companies around the world are trying to grab a piece of it.
Miners from Australia to Africa love this sugardaddy. And why not? It has consistently paid top-dollar for their mines and mining properties. It has greenlighted cost overruns. And it has sparked higher valuations of their stocks whenever it has moved into their sectors.
