The president of Kazakhstan – Nursultan Nazarbaev offered to the world community to find out equivalent for dollar


Nowadays all the countries of the world depend on the dollar, all financial transactions are passing through New York, declared president of Kazakhstan when at the global economic forum in Astana. Nazarbaev pointed out that the core of the problem is the deficient, out-of-date financial system of the world. The paper dollars feed the USA economics only, that’s why it ...

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Housing debt still traps 10 million Americans


Nearly 10 million Americans remain financially trapped by homes worth less than their mortgage debts — an enduring drag on the U.S. economy almost seven years after the housing bust triggered the Great Recession. During the first three months of this year, 18.8% of homeowners with a mortgage — 9.7 million — owed more on their loans than their properties ...

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About the upcoming debt crisis in Russia


Famous Russian political economist Mikhail Khazin thinks that the situation in Russian economy continues to deteriorate, and one of the signs of this is the state of a debt market. He reminded that crisis of 2008 in the United States began at the time when interest payments on previously made household debts rose to 14% of real disposable incomes. Today ...

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Is a New Recession Coming?


U.S. Department of Commerce: Real gross domestic product increased at an annual rate of 0.1 percent in the first quarter… In the fourth quarter, real GDP increased 2.6 percent.
Forbes: Recession And Bear Market Ahead?
The almost unanimous view of economists just two months ago was that the U.S. economy would strengthen and finally have a real recovery this year. ...

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Soros Sells Out Banking Stakes


Soros Fund Management LLC sold out of holdings in several banking giants in the first quarter, including J.P. Morgan Chase&Co., Bank of America and Citigroup, as it reported by Wall Street Journal. The exits come only a quarter after the fund had purchased stakes in J.P. Morgan and Citi (2.8 and 2.3 million shares). The prominent fund also eliminated its ...

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