WEF Davos 2016 LIVE: Banking moguls continue brandishing financial Armageddon to intimidate us all but in Davos they worry about the very distant future

Davos Switzerland, 19/1/2016 - Leonardo DiCaprio (L), Actor and United Nations Messenger of Peace for Climate and Founder, Leonardo DiCaprio Foundation - LDF, USA, (next to him on the right) Hilde Schwab (C), Chairperson and Co-Founder, Schwab Foundation for Social Entrepreneurship, ( together with her husband Klaus Schwab they founded WEF) and Joseph R. Biden Jr, Vice-President of the United States of America applaud during the Opening of the Annual Meeting 2016 of WEF. WEF swiss -image.ch/Photo Monika Flueckiger.

On Thursday 7n January this newspaper commented that behind the capital markets selloff, which shook the financial world in the first week of this year, were the financial moguls who want to impose their terms to central banks and mainly the American Fed. Since then stock markets keep losing a lot of grounds every day. […]

WEF Davos 2016 LIVE: “You just don’t know if the oil price will be 20$ or 100$ in the next 2-3 years!” top Harvard economist Kenneth Rogoff underscores from Davos

DAVOS/SWITZERLAND, 20JAN16 - (FLTR) Paul Singer, Founder, Chief Executive Officer and Co-Chief Investment Officer, Elliott Management, USA and Martin Sorrell, Chief Executive Officer, WPP, United Kingdom, Min Zhu, Deputy Managing Director, International Monetary Fund (IMF), Washington DC and Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University, USA are captured during the session 'Preventing Future Shocks' at the Annual Meeting 2016 of the World Economic Forum in Davos, Switzerland, January 20, 2016.

  WORLD ECONOMIC FORUM/swiss-image.ch/Photo Valeriano Di Domenico

It is the first day of the most important economic forum in the world and economy and financial markets are as every year in the foreground. The session called “Preventing Future Shocks” finished a couple of hours ago in the Sanada room in Davos with Maria Bartiromo, anchor and Global Markets Editor of Fox Business Network, […]

Capital markets selloff: The financial moguls send messages to monetary authorities

The financial district of the City of London. Practically all the “too big to fail’ banks are present there. Council of the European Union – European Council Audiovisual Service. Shoot date: 15/10/2015, Location: London, United Kingdom.

The wild selloff in the major capital markets of the world that culminated last Monday, the first working day of the New Year and continued on Wednesday for a fifth day in row was not just an overreaction to the anticipated slowdown of the Chinese economy, as almost all chief analysts assumed in mainstream media. […]

G20 LIVE: the EU trade gold rush continues as EU and Australia agree to launch Free Trade Agreement (FTA) live from Antalya Turkey

ANTALYA, TURKEY - NOVEMBER 15 : Turkish President Recep Tayyip Erdogan (L) greets Australian Prime Minister Malcolm Turnbull (R) during the 'Welcoming Ceremony' prior to the G20 Turkey Leaders Summit on November 15, 2015 in Antalya, Turkey. Kayhan Ozer / Anadolu Agency

While the outcomes of the last round of the TTIP negotiations and the many recent turning points are still dominating the conversation on the trade side in Brussels, another major happening broke a few days ago. Following talks at G20 Leaders Summit in Antalya Turkey last Sunday morning with Australian Prime Minister Malcolm Turnbull, the President of […]

The Commission sees ‘moderate recovery’ but prospects deteriorate

Pierre Moscovici, Member of the European Commission in charge of Economic and Financial Affairs, Taxation and Customs, gave a press conference on the 2015 Autumn Economic Forecast. (EC Audiovisual Services. Date: 05/11/2015. Location: Brussels - EC/Berlaymont).

The European Commission released last week its “Autumn 2015 Economic Forecast”, advertising ‘moderate recovery’ for the European Union and the euro area. Understandably, the Commission wouldn’t dig deeper in the economy, to highlight the negative aspects of the present status and the subdued prospects for next year. For a number of important reasons the executive […]

Why the ECB prepares to flood the markets with more and free of charge euro; everybody needs that now

Euro Summit. Mario Draghi, European Central Bank President participated in the July 2015 European Council Summit. (Shoot location: Brussels – Belgium. Shoot date: 07/07/2015. Copyright credit: 'The European Union').

Mario Draghi’s statement of last Thursday from Malta that the European Central Bank’s “monetary policy accommodation will need to be re-examined at our December monetary policy meeting”, offered a strong support to all major capital markets, with stocks gaining a lot of ground and the euro receding slightly. Understandably, a generous increase of ECB’s monthly […]

China’s stock markets show recovery signs while EU is closely watching in anticipation of the €10bn investment

Chinese Premier, Li Keqiang and the President of the European Commission, Jean-Claude Juncker at the China-EU Business Summit on 29 June 2015 at Egmont Palace, Brussels (BUSINESSEUROPE, 29/06/2015)

The recent turbulence of the Chinese stock exchange has caused great concerns not only to the second biggest world economy but also to the European Union (EU) as a whole. Junker’s European Commission (EC) is anxiously waiting for China to invest in the EU given the fact that not long ago the Chinese Premier promised to […]

The EU Parliament and the ECB unknowingly or unwillingly fail to protect our financial assets

European Parliament, Committee on Economic and Monetary Affairs. Public Hearing with Chair of the Supervisory Board of the European Central Bank. (From left to right) Costas Mavrides, Alfred Sant, Renato Soru, Pervenche Beres, Jakob von Weizsacker. (EP Audiovisual Services, Brussels - Belgium, 31/3/2015, © European Union 2015 РEP).

This week the European Parliament and the European Central Bank rather unknowingly or unwillingly failed to protect the European citizens from the attacks of ‘money sharks’. In two different occasions the two most important European institutions secured the bankers reign on peoples’ money. Let us take one thing at a time. When the average hard […]

Negative inflation hits Eurozone, ECB to print and distribute one trillion euro earlier than expected

The new ECB premises in Frankfurt am Main, Germany (the tower on the right). (ECB Audiovisual Services 28/11/2014).

This week more indications emerged pointing to the possibility that the European Central Bank is to announce a government bond purchases programme sooner than expected. Negative inflation of -0.2% (deflation) in Eurozone during December (announced yesterday by Eurostat), brings this prospect much nearer. The latest information related to the government bond purchases by the ECB […]

ECB’s trillion has to be printed and distributed fast before Armageddon comes

European Union’s "Growth and jobs strategy 2014", proved a total failure. The people responsible for that are here in session. Wolfgang Schäuble, German Federal Minister for Finance, José Manuel Barroso, ex-President of the European Commission, Manfred Weber, Member of the European Parliament and Vice-Chairman of the EPP Group and Martin Kamp, Secretary-General of the EPP Group (from left to right).

The latest Eurostat data on employment and industrial production for the Eurozone economy point invariably to stagnation, if not recession, while the long-term tendency of household consumption, as a percentage of GDP, appears falling. In short all the key growth indicators of the economy are quite disappointing, to say the least. The economic problems of […]