Word: crisises
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That rise in indebtedness is now giving way to what looks to be a long slide. At least, it had better be; if consumers start piling on debt again, we'll just have another, bigger credit crisis in a few years. But if they keep increasing their savings rate and...
Before the current financial crisis began in 2007, U.S. corporate profits were at their highest level ever, both in absolute terms and as a percentage of gross domestic product. It's awfully hard to imagine a return to that kind of profitability anytime soon. Welcome to the new normal.
The European elections are the first big test of public opinion before September's general election in Germany, and Chancellor Angela Merkel's Conservatives emerged as the clear winners. The ruling Christian Democratic Union (CDU) and its sister party in the state of Bavaria, the Christian Social Union (CSU), won...
"This result shows the conservative CDU/CSU bloc and the liberals are the strongest force in German politics today," says Manfred Güllner, head of the Forsa polling institute. But the Social Democrats say they're determined to claw back support before the federal elections on Sept. 27. It's...
The result is almost perverse. At a time when the left's longstanding complaints about the free market and the lack of workers' protection are being widely acknowledged and agreed with, voters are turning their backs on those parties that now seem to have been so prophetic. "There is an...