I would like to understand this better. On the face of it, it is hard to see how having a common currency would have this effect on its own.

Greece needs a second election

I mostly agree, but if you are not in already and don't want to risk the possibility of short term bounce, think about entering when the major area of support at 0.7210 is broken and confirmed. The more price consolidates in this area, the greater ...

The Conference Board Consumer Confidence Index Increases

This is really weird!! Why would efxnews collaborate with CS to apparently set retail traders up for fall in such an obvious way? Efxnews doesn't gain by this if, in fact, it is a setup. Can somebody shed light on this....?

Sell AUD/USD At S/T Resistance; Sell EUR/USD At Breakout Zone - Credit Suisse

[quote=Macdon;8283004]I don't use canola. It's anathema. I buy non-GMO corn and other organic produce from organic grocers. I can tell you organic certainly tastes better in all instances. "Anathema" has always sounded like a disease to me. How ...

Greece needs a second election

Yes, you may be right, but countries which would have naturally weaker and less stable economies and currencies may be perennially disadvantaged if they have to re-adopt their local currencies and compete with other nations in the region. In ...

Greece needs a second election

On further reflection, it is possible that the Greek negotiating team may have conceded and made public too much too soon, thereby denying the Europe team the pleasure of trumpeting some elements of a final package as victories. If I am right, this ...

Varoufakis: Austerity Is the Only Deal-Breaker

Maybe, but experience isn't everything. The ability to generate new ideas from existing practices, possibilities and basic principles are also needed. In my country, for the past seven years, the finance minister has been an English major. While ...

Varoufakis: Austerity Is the Only Deal-Breaker

Politics in so-called democracies is also a work in progress. Powerful economic interests in the form of multinational and transnational corporations and conglomerates are constantly trying to subvert it to serve their own ends. No country I know of ...

Greece needs a second election

Even before the the Greece elections and, subsequently, the latest round of negotiations began, there were signs that the IMF, ECB and the EU were going to soften austerity measures across their bailout portfolio. In this context, I suspect there ...

Greece needs a second election

Nothing new

Yellen: The Outlook for the Economy

I share your cynicism, but have trouble with the notion that we simply have to expect such manipulations to occur. Just today I heard about two groups of insiders ("The Three Musketeers" and "The Cartel") whose activities are being investigated. ...

When Central Bankers Whisper Secrets

Some would say, 'Let's first have a level playing field', which clearly isn't the case at the moment. Others would say, 'It is better to embrace than isolate'. Both have merit.

The Irresistible Rise of the Renminbi

Why has it taken them 30 years to address the apparent disparity between reported and actual % growth...?? This is perhaps another way pf asking, 'In whose interests has it been to NOT address this matter......and who's to say that they will ...

Feds see problems with GDP data, backs CNBC findings

Yes, indeedy... We live in a world where so many seem to have the lost the ability to distinguish between privacy, security and secrecy. With today's predominant intellectual currents which dominate politics, economics and culture, I (do not) look ...

Gates, Richest Man, Says $40,000 Goes Further These Days

This must be further investigated and challenged. Let's hope we hear that the EU authorities intend to lead such a probe, not primarily outside agencies like the US State Department.

When Central Bankers Whisper Secrets

Some have suggested that, as a matter of economic structure, there is currently a need for a formula which stipulates and provides mechanisms to ensure that the better off financially can only become richer if, in their turn, the poorest and ...

"When Enough Is Never Enough" - What Do Millionaires Want?

I saw a parallel interview on CNN (GPS - Fareed Zakaria), and it immediately struck me how even a normally astute presenter and analyst in his own right seemed to hang on Gates' every word. In fact, Zakaria has 'interviewed' Gates many times, among ...

Gates, Richest Man, Says $40,000 Goes Further These Days