Greece continues to worry the world as it faces significant liquidity and debt issues. The Greek deficit amounted to 12.7% of its GDP in 2009, which far exceeds the 3% maximum set by the European Union. Additionally, Greece has fraudulently prepared its financial statements to show a reduced deficit and debt burdens since 2001. This [...]
Monthly Archives: February 2010
Strategic Mortgage Defaults
The process of cost-benefit analysis is commonplace among individuals and businesses all over the world. The simple philosophy dictates that a decision is evaluated by comparing the costs of execution against the ensuing benefits. If the benefits sufficiently outweigh the costs, then the option is decided to be valid and worthwhile. This process is applied, [...]
Posted on February 17, 2010 – 6:03 PM
Brazil’s Emerging Economy
Located in the eastern region of South America, Brazil is the fifth largest country in the world. It is an emerging economy in an already competitive global market. Known for their developed agriculture, mining, manufacturing and service sectors, Brazil has been growing economically and now ranks 8th in terms of GDP output, with real GDP [...]
Posted on February 16, 2010 – 7:45 PM
Making Room For A New Superpower
The People’s Republic of China is one of the fastest and largest growing economies in the world. Since the introduction of market-base economic reforms in 1978, China has chartered the course to becoming one of the world’s largest exporter, importer and fastest growing economy. The nation has been able to lead the global economic recovery, [...]
Posted on February 15, 2010 – 3:05 PM
Understanding Employment Data
One can often hear the term “EI Numbers” when the conversation is about assessing job health or looking for signs of an improving economy. With Canada and the rest of the world slowly recovering from the recent worldwide recession, everyone is constantly monitoring employment data from the various government agencies. The beginning of the [...]
Posted on February 6, 2010 – 1:05 PM
Obama Speaks and Investors Sell
Last week, President Barack Obama launched a historic campaign to restructure Wall Street. His ambition behind the proposal is to restrict the size, complexity and risk-taking capacity of the major U.S. Banks through an updated version of the 1933 Glass-Steagall legislation (which separated commercial banking and investment banking operations, lasting from 1933 until 1999).
His goals [...]