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The difference between competitive devaluation and competitive deflation

As we have already reported here, Iceland has succeeded in overcoming the crisis with simple regulations. Iceland President, Ólafur Ragnar Grímsson has explains its country recovery today on France 24. They…

Global Crisis – Back to Gold? Marc Faber Comments on Global Economy

On 22-Aug-12 Marc Faber, a Swiss investor, gave presentation in Dubai’s Funds World Middle East 2012 event discussing opportunities likely to emerge for institutional investors if sovereign debt crisis continues.…

Sarkozy meets with Hu Jintao on thursday

Couple of days ago, the French President Nicolas Sarkozy met Angela Merkel, the German Chanceller. Today, Sarkozy will make a stopover in Beijing, China before going to New Caledonia for the Pacific Games.  He will…

About how the Euro may become the next international currency

Among monetary experts, the idea of a transitional period with the Euro as the international currency starts to rise. The Euro is currently the most stable currency. Over the last 2…

The European Central Bank has to make a move

Experts are beginning to understand that the crisis in the euro area is much more profound of what they have believed. As a result, the debt crisis in Italy and Spain, may cause a sudden collapse of the system. The…

Why US and Europe lacks competitiveness

The crisis of occidental countries is largely due to the lack of competitiveness  of western workforce. In BRICS countries, people work for less money. That is a fact. Also, western…