24 February, 2016 by The TZ Newswire Staff Comments Off on OECD’s William White: In Terms of Debt, the Situation Is Way Worse than 2007
OECD’s William White: In Terms of Debt, the Situation Is Way Worse than 2007
William White, chairman of the Economic and Development Review Committee at the OECD and former chief economist at the Bank for International Settlements (BIS), says the risks posed by global debt levels are greater today than they were in 2007 and that central banking…
24 February, 2016 by The TZ Newswire Staff Comments Off on California Water’s Growth Drought Continues
California Water’s Growth Drought Continues
Decreased usage continues to weigh on the water utility.
24 February, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Fed’s Bullard again says it’s ‘unwise’ to raise rates
The Wall Street Journal: Fed’s Bullard again says it’s ‘unwise’ to raise rates
Federal Reserve Bank of St.
24 February, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Didi Kuaidi plans $1 billion funding round to challenge UberChina
The Wall Street Journal: Didi Kuaidi plans $1 billion funding round to challenge UberChina
China’s homegrown competitor to Uber Technologies Inc.
24 February, 2016 by The TZ Newswire Staff Comments Off on NetEase’s Strong Results Can’t Win the Share-Price Game
NetEase’s Strong Results Can’t Win the Share-Price Game
Despite good performance to finish 2015, shares of the Chinese online gaming company fell after its report.
24 February, 2016 by The TZ Newswire Staff Comments Off on Sterling at 7-year low on Brexit fears
Sterling at 7-year low on Brexit fears
Sterling licked its wounds near a seven-year low against the dollar and a 2 1/2-year low versus the yen on Thursday on Brexit woes.
24 February, 2016 by The TZ Newswire Staff Comments Off on When Currency Pegs Break, Global Dominoes Fall
When Currency Pegs Break, Global Dominoes Fall
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
When a currency peg breaks, it unleashes shock waves of uncertainty and repricing that hit the global financial system like a tsunami.
The U.S. dollar has risen by more than 35% against other major trading currencies since mid-2014:
