Tag: Crisis

Jun 23

Self-fulfilling prophecies

Italy seizing up in a Mediobanca Security report to its customers, uncovered by ilfattoquotidiano.it.   Mediobanca Securities report from ilfattoquotidiano The Country is also in the “blacklist” of European peripheral States —Greece, Spain, Portugal and Italy—  where Constitutions with “a strong socialist influence” might put them at the center of the debt crisis, a J. …

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Mar 24

Poverty nearly doubled in Italy, 2006-2013

615 new poor persons a day from 2006 to 2013, Confcommercio calculated. 2.5 million “absolute poors” in 2006 grew to 4 million in January 2013, as indicated by the new Misery Index presented Friday, 22 by Confcommercio  in Cernobbio. Income of 90% of Italian workers is below 35.600 euro, 28.000 people only earn more than …

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Mar 13

Deficit cuts and the obious link with recession

It is a debated issue in these times, that of deficit cuts, along with the less famous theme of the “end of growth” and that of the finite nature of resources on hearth. In his Museletter 249, Richard Heinberg connects them in a summary of thoughts which may turn useful to those aiming to understand why …

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Mar 03

Lower estimates of 2013 global oil demand

The estimate of global oil demand has been slithly lowered to 90.7 (mb/d) in 2013, following downward revisions to the International Monetary Fund’s forecast of economic activity, the IEA said in its February Oil Market Report. Crude oil futures breached nine-month highs in early February, propelled by stronger economic signals from China and the United …

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Mar 03

50% of Italian SMEs finds difficult to pay wages

Peak of defaults around 95 billion euro in 2012 in Italy, with 50% of SMEs unable to pay its workers’ wages on time, CGIA Mestre reports in its analysis of the Italian economy. The net pay of the Italian workers, around 10 euro on average, is below the norm for Eurozone, ISTAT says.

Mar 03

Five possible energy surprises in 2013

Low probability scenarios are described by Kurt Cobb in his blog. They have few chances to happen, but would surprise the experts and markets. The scenarios include extreme hypothesis about oil prices from 30$ to 200$. Read the article here.

Jan 22

Is Mr Monti right for Italy?

The Italian Premier has been defined as “ineffective” by Financial Times, yesterday, and replies today. He may remember when the international press (The Economist) defined Berlusconi as “unfit” to rule Italy with different motivations and the same fate in the attempt to introduce laissez-faire economics in Italy.