Greece is in a process of negotiating to finalize the details of its second international bailout, for 130 billion, and must convince the so-called “troika” that the country is doing everything it can to implement required austerity measures. That will not be easy. With the inspectors due in Athens on January 15, there is a [...]

On Thursday, the Swiss National Bank held it policy meeting, which gained a lot of attention. Following a string of subpar fundamental news in recent weeks, suggesting weakening domestic economy, markets anticipated the SNB to raise the floor of the EUR-CHF from the present 1.20 to 1.25 or perhaps even higher, like 1.30. In fact, [...]

According to the Organization for Economic Cooperation and Development, the leading industrialized nations face serious challenges in coming years. One of the major obstacles is financing government operations and refinancing existing debt. In 2012 the major economies, or industrialized nations, will have to borrow in excess of $10.5 trillion, which will have to come from [...]