Posts Tagged ‘European Debt Crisis’

If you’re under 25 and live in Spain, odds are you’re looking for a job. The latest numbers from Eurostat show 52 percent of the country’s youth are out of work. Such a hopeless employment backdrop makes it no surprise that thousands of Spaniards are taking to the streets to protest the latest round of [...]

Share

European voters are rejecting further fiscal restraint, showing the door over the weekend to former austerity-imposing politicians in Greece and France. In a similar spirit, European Central Bank President Mario Draghi is now calling for a “growth pact” to replace the “fiscal pact” demanded by Angela Merkel’s government in Germany. What Europe’s voters and its [...]

Share

The End of Growth

Posted by Jeff Rubin on May 2nd, 2012 under SmallerWorldTags: , , ,  • 34 Comments

When the first OPEC oil shock hit in the 1970s, President Nixon responded by lowering the national speed limit to 55 miles per hour in a bid to conserve energy. But speed limits aren’t the only thing that can change when oil prices go up. Right now, we’re seeing that rising crude prices can influence [...]

Share