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[RealClearPolitics - Homepage] July 31, 2010. Don't Panic About the Economy. Daniel Gross, Slate. Send to a Friend · Read Full Article ”º”º. TAGGED: economy. RECOMMENDED ARTICLES. July 26, 2010. What We Can Learn From Europe Thomas Geoghegan, In These Times ...

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[Bullfax.com - Market News & Analysis] Newsweek: Why not to panic about the economy | www.bullfax.com: The German government will raise its growth rate forecast for 2010 from 1.2 percent to 1.5 percent in its annual economic report, according to the weekly Der Spiegel.Unemployment should also stay below the four million threshold, the weekly said, quoting the report to be presented by Economy Minister Rainer Bruederle on January 27.Europe's biggest economy suffered its worst post-war recession last year, contracting by five percent in the global slump, official figures showed on Wednesday.

[RSS for EzineMark Articles] Brighter picture of markets in July: There are times when the growth of the real estate industry has drawn the nervous energy of local or national media expecting a downfall after a period of prolonged growth. There are some serious flaws in the logic behind expecting a burst in the real estate bubble nationally and during any period of prolonged growth, you as a real estate investor should not panic in the expectation that a market fall will ruin your investment.

[Economic Science Community] Economic Science Community: General Custer and the Financial Panic ...: In combination, the de-monetization of silver and the collapse of European capital triggered a financial panic in the U.S. On September 18, 1873 Jay Cooke Company, principal investment bank sponsoring the Northern Pacific Railroad (a second trans-west line, this one from Minneapolis to Portland), declared bankruptcy. The impact was immediate and violent -- banks failed, the stock market closed, rail construction grind to a halt, farm and land prices plunged, and production, prices and wages followed.

[Presseurop] Market panic abates | Presseurop - English: The publication of stress tests of European banks on 23 July will provide a clearer vision of the capacity of Europe’s financial industry to overcome a further crisis. However, the markets, which have been reassured by the austerity measures adopted in most European countries, have already begun to reinvest in the EU.

[Weston WV] Rather the money that flooded out during the panic is sloshing back in: Rather, the money that flooded out during the panic is sloshing back in.The reason for the flow of liquidity to the east is a growing belief that share prices in the US have become just simply too expensive, combined with a reluctance to pile into European markets until the euro has proved that it is not a fatally weak currency.To understand how superficial the revival in the Tokyo market really is, look no further than where the money is going – generally not into cyclical stocks or those geared to wider economic revival, but into hi- tech, Internet and computer stocks.

[Mineweb - Daily news headlines] Mineweb.com - The world's premier mining and mining investment ...: Panic and fears over the future of US and European economies have become the best aphrodisiacs for gold, which has been in an uncertain zone for the past few weeks.

[Minyanville] It's Not a Recovery in Europe | Markets | Minyanville.com: A lot of the upbeat assessment comes from some recent data released about Germany's business confidence and GDP growth in the UK. ...

[Recent Commentaries | Safehaven.com] Why History Matters: U.S. Perspective on Growth and Austerity ...: NEW YORK (KWR) July 25, 2010 - The U.S. and other major countries are diverging on economic policy. While there is a growing debate in Washington over the possibility of further stimulus actions, a number of European governments, including the U.K., Germany and Italy, have implemented austerity measures to curb red ink.

[Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7] Stocks extend rally after strong earnings, outlook from DuPont ...: A report on July consumer confidence due out later Tuesday could temper the upbeat mood in the market. The Conference Board report is expected to show its consumer confidence index dipped again in July, falling to 51.0 from 52.9, according to economists polled by Thomson Reuters.

[Israpundit] Israpundit » Blog Archive » Europe's Jewish problem: Antipathy for Israel among Europeans is increasing and alarming as campaigns of de-legitimization and vilification spread across the world, fueled by Muslim propaganda and money, whetted by the hunger for oil. Even once friendly European countries, those that helped establish the State of Israel and tried to assist Jews during the Holocaust, have become more hostile towards Israel.

[The Irish Economy] The Irish Economy » Blog Archive » Fiscal Free Lunches: Giavazzi and Pagano, 1990, put forward the suggestion that Ricardian equivalence effects explained what happened in Ireland in the late 1980s and early 1990s and that there was what they termed “an expansionary fiscal contraction”. Essentially it was suggested that as a result of fiscal retrenchment the Irish private sector responded to expectations of a lower debt and tax burden in the future by raising domestic demand in the short term, overturning the deflationary impact of the cuts.

[Notayesmanseconomics's Blog] Spainish government bond yields improve and trends in the UK ...: Firstly economic news has been favourable with economic growth in the second quarter being much stronger than expected at 1.1% followed by a survey suggesting that retail sales have been strong so far in July.  In addition our banks have had a share price rally which is good for the UK taxpayer although of course actually selling any of our stakes remains in the distant future. These trends have had one or two interesting impacts.

[The Irish Economy] The Irish Economy » Blog Archive » Oireachtas report on November ...: that operate on an EU-wide basis (and globally) - e.g., EdF, GdF/Suez, E.on, RWE, ENEL - is generally condemned by economists and Eurocrats as chauvinist, nationalistic and anti-Europe, but it may be running with the grain of an underlying economic wisdom. Businesses such as these, which, increasingly, are being compelled to divest their network businesses, have a range of plants capable of supplying across the load duration curve.

[our blog circle] Why the European Bank Stress Test is Almost Meaningless - Vibrant ...: European banks just completed a "stress test" designed to indicate whether a bank could survive a further economic downturn. The primary measurement in this test is whether the bank is adequately capitalized, another way of saying whether its assets can absorb losses that may occur in such a downturn. 

[Smart Incubator Blog] Euro Passes Stress Test as Debt Panic Ebbs, Bank Exams Loom ...: Spain is poised to pay off 24.7 billion euros in bonds and bills in July, the stiffest monthly redemptions remaining this year, and doesn’t face another bond maturity until July 2011. Portugal doesn’t have bonds maturing until April and Ireland has said it is fully funded until the second quarter of 2011.

[The Irish Economy] The Irish Economy » Blog Archive » The EU's Relaxed Approach to ...: The argument made in the report is that such an event is rendered implausible by the creation of the EU bailout funds, in particular the 110 billion joint EU-IMF fund for Greece and the 440 billion European Financial Stability Fund available to all members. Yet Ken Rogoff was quoted only one week ago (PBS Newshour 19 July 2010) stating that he believes a Greek default is not merely likely but, over the medium horizon, is virtually inevitable: direct quote: “They are going to restructure their debt, they are going to default.” Rogoff’s views are widely respected around the world and he is not inclined toward exaggeration.

[Kiwiblog] General Debate 31 July 2010 | Kiwiblog: Add to that the elimination of photo radar, the return of the Grizzly bear hunting season which the NDP axed in the wake of European pressure (the season creates overall revenue in the millions of dollars for rural British Columbians) and a willingness to thumb their noses at powerful special interests and you have a recipe for something bordering on a quiet, clean and tidy little revolution.

[Notayesmanseconomics's Blog] Friday is stress test day and UK economic growth surges in the ...: The Dow Jones Industrial Average rallied some 201 points, the German Dax index surged some 152 points (2.53%) and not to miss out the Japanese Nikkei index something of a laggard recently rose 210 points. These sort of moves intrigue me when they happen as we are given an insight into market psychology which appears to have been itching for a rally almost regardless of logic or what news occurs.

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