Economic Overviews

Nothing explains the world more elegantly than a map and, in that spirit, we've compiled the 15 most excellent, unusual, and just cool maps that we've recently come across. They cover all the bases: economics, politics, culture, immigration...and some fun stuff too. Take a look. Words: 345

Europe is heading into a full-scale disaster [because,] you see, the debt problems in Europe are not simply related to Greece. They are SYSTEMIC. The European banking system's leverage levels alone position Europe for a full-scale banking collapse on par with Lehman Brothers. Again, I'm talking about Europe's ENTIRE banking system collapsing. This is not a question of "if," it is a question of "when" and it will very likely happen before the end of 2012. Words: 750

"Regardless of whether or not you feel taxes need to be raised, a big set of tax hikes is scheduled to happen. To be sure, some of those hikes will be undone in compromises, but many if not most will sneak through." [Let me explain.]

An op-ed has just been published in the New York Times suggesting that the best way to save the euro is for Germany to exit the European Union and re-introduce it former currency, the Deutsche mark. [Here is the rationale.] Words: 310

Why read: It is foolish not to consider the possibility of depression, particularly in the face of the preponderance of commentary over the past many months that rampant inflation is on the horizon. [Here I review, analyze and comment on one such article on that possibility.] Words: 697

Americans, don't think for one moment that the crises in Europe are irrelevant! This past April the U.S had the largest monthly decline in exports to Europe in the past 7.5 years and this trend will only get worse - much worse - as the crises spread and linger. Exports to Europe are now down 2.7% from April 2011, the first yearly decline since February 2010. The chart below says it all.

I am amused by the Shadow Weekly Leading Index Project which claims the probability of recession is 31%. I think it is much higher....Let's take a look at why. >Michael "Mish" Shedlock< (http://globaleconomicanalysis.blogspot.com) Words: 530

"The most important issue in this year's election is the economy. Unfortunately, this topic has now been "politicized," which means that you can't talk about it without being instantly cheered or jeered by fans of each respective political team...[the truth of the matter, however, is that] the economy is much more important than this year's election or either political team....The first step is getting past the political blame-game and understanding what's wrong.... Let's go to the charts."

The global market turmoil in the European Union with Greece, Spain and Italy and the slowing growth in China and other Asian markets has been monopolizing the headlines lately....You could very well have the attitude that it doesn't directly affect you. Like it or not, however, the United States is tied to other economies....and, since the financial markets facilitate trade and business all over the world, problems in other countries can severely impact your investments, your job and even how much you pay for everyday items. Therefore, you cannot afford to ignore the health or strength of other countries' financial systems and their banks. [Let's take a look.] Gene Kirsch > www.moneyandmarkets.com

It’s incredible that the Mayans forecast 2012 would be the end of a major era. It looks, today, like we are standing on the eve of massive changes in the world that will have consequences for a long, long time to come. The scene is already set....the euro will collapse, and...other major currencies will collapse. The consequences of these (eventual) collapses will be horrible because we will have a hyperinflationary depression.