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Greece Debt Crisis Re-Emerges – International Fiscal Crisis
Posted on July 22nd, 2016
The debt woes of Greece of have been ongoing since 2009, when a severe recession led the country into a debt crisis. In late May, Greece was able to once again secure debt relief from its European creditors by providing short and long term relief on debt coming due. The European Union members agreed on […]
Europe Does Away With Its 500 Euro Note – Currency Update
Posted on July 22nd, 2016
Since the creation of the euro zone and the region’s common currency, the euro, there has been an incredible expansion of euro notes and circulation of the currency. Euro notes are tendered worldwide and held as a store of value by millions of people across Europe and other regions of the world. The euro has […]
U.S. New Home Sales Strongest Since 8 Years – Housing Update
Posted on July 22nd, 2016
In an effort to better determine the health of the housing market, the U.S. Department of Housing & Urban Development compiles and releases data every month. The most recent data available is, as of April 2016, revealed that sales of new homes increased to an annualized rate of 619,000, the largest increase in eight years. […]
500% Inflation Expected For Venezuela – Emerging Markets Focus
Posted on July 22nd, 2016
With oil exports accounting for over 95% of Venezuela’s revenue, the 50% collapse of oil prices in the past two years has thrown the country into fiscal and political turmoil. In order to raise critical cash to keep the government operational, officials have started to sell the country’s gold reserves. Even though the country is […]
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