Tag Archives: imf

The world and debt

The International monetary Fund said the world debt is $152 trillion. It said that new research in its half-yearly fiscal monitor covering 113 countries had shown that debt was currently 225% of global GDP, with the private sector responsible for … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Venezuela plagued by shortages

A drop in oil prices has left Venezuela’s economy in tatters, and the lack of hard currency and inflation have starved the country of food, medicine and consumer goods. McDonald’s Corp.’s largest franchisee has had to stop selling the Big … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Is July 2015 when Greece defaults?

We are reminds of the eerie parallels from 1997. Who benefits? Russia will be hit exceptionally hard in a world downdraft of the currencies. Spain and Italy are also weak. Perhaps the Ukraine chip will be called for financial strength. … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment