Eurozone Economy

Eurozone Economy

April, 2017 GSE Report

North Korea this time is really very close to having the capability to miniaturize a nuclear weapon, put it under the nose cone of an ICBM, and launch the ICBM towards the United States. …The detonation of a nuclear weapon on a major American city can really concentrate your attention. This is putting America first. We are a global power. That’s a reality. Therefore, our interests are worldwide. South Korea and Japan are two of our biggest trading partners, and they are threatened by this erratic, irrational regime in North Korea. We are on the verge of being threatenedin the United States ourselves. We’ve got inadequate defense capabilities.

...[I]t’s entirely foreseeable that the day North Korea gets the capability to drop a nuclear warhead on the United States via ballistic missile, Iran could have that capability the next day by writing a check in the right amount of money.

John Bolton

Former UN Ambassador

April 28, 2017

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Posted: May 1st, 2017 | Permalink

IMF Raises 2017 Global GDP Outlook

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Posted: April 19th, 2017 | Permalink

The Buying Power of the U.S. Dollar Over the Last Century

“The value of money is not static,” wrote Visual Capitalist’s Jeff Desjardins. “In the short term, it may ebb and flow against other currencies on the market. In the long-term, a currency tends to lose buying power over time through inflation, and as more currency units are created. Inflation is a result of too much money chasing too few goods–and it is often influenced by government policies, central banks, and other factors. In this short timeline of monetary history in the 20th century, we look at major events, the change in money supply, and the buying power of the U.S. dollar in each decade.”

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Posted: April 6th, 2017 | Permalink

Central Bank Shell Game: The Unintended Consequences if NIRP

“It is clear that the negative rate experiment is neither sustainable nor helpful to economic growth,” wrote Nick Kararan. “It only inflates bubbles while widening the wealth gap in Swedish society. A once prudent and financially conservative people are now getting drunk on debt, wrecking their futures. The very premise of Swedish society is under attack. Nevertheless, it does not appear that this policy will abate anytime soon. There seems to be one lever in the Central Banker’s control room: interest rates. If anything, they may get more aggressive with it.”

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Posted: March 24th, 2017 | Permalink

The Eurozone's Deepening Banking Crisis

“The total stock of non-performing loans (NPL) in the EU is estimated at over €1 trillion, or 5.4% of total loans, a ratio three times higher than in other major regions of the world,” wrote Wolf Street’s Don Quijones. “Currently 10 (out of 28) EU countries have an ratio above 10%... And among Eurozone countries, where the ECB’s monetary policies have direct impact, there are these NPL stalwarts: Ireland: 15.8%; Italy: 16.6%; Portugal: 19.2%; Slovenia: 19.7%; Greece: 46.6% and Cyprus: 49%.”


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Posted: March 20th, 2017 | Permalink

The GSE Report

  • "Renewal of the Amerian Spirit"
  • "Above all else we will keep our promises to the American People"
  • "The time for small thinking is over"
"Believe in yourselves. Believe in your future. And believe, once more, in America."
"Thank you, God bless you, and God Bless these United States."

President Donald J. Trump
Address to Congress
February 28, 2016

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Posted: March 5th, 2017 | Permalink