A number of economists privately told Obama that his recovery policies were weak in one key area: They didn’t do enough to address the mountain of homeowner debt.
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Several top German economic institutes on Thursday warned that German growth is slowing as the country continues to be hampered by the ongoing euro-zone debt crisis. And Greece, they say, will be unable to “free itself from its debt burden” and will need another haircut.
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Turkey’s trade deficit fell 30 percent in August, reportedly on the back of strong gold sales to Iran even though the United Arab Emirates was the leading gold buyer from Turkey in the given period.
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A top economist at the Bank of England has admitted that his profession should share the blame for the financial crisis and recession.
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Leading economists in Germany have called on the citizens to take to the streets to protest the governments decision to use limitless amounts of tax payers money to pay creditors of crisis-hit eurozone banks in Wall Street and the City of London.
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So few people are applying for jobs in the European Commission that the official in charge believes it will soon no longer be possible to guarantee a high calibre workforce where all member states are fairly represented.
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As Republican presidential hopefuls entertain calls to fix the value of the dollar to the price of gold, a panel of leading economists on Wednesday roundly panned the idea of a return to the gold standard.
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Economists predict dire consequences if committee fails to reach agreement on how to reduce America’s massive debt
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