Michael Pento: Austerity Offers Europe Their Only Hope

Blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night before.

Why Austerity Is Europe's Only Hope

The prevailing view amongst Keynesians is that the austerity measures being taken in Europe to prevent a complete currency and bond market collapse is the cause of their current recession. But blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night ...

Austerity Offers Europe their Only Hope

The prevailing view amongst Keynesians is that the austerity measures being taken in Europe to prevent a complete currency and bond market collapse is the cause of their current recession. But blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night ...

Study: American Consumers Reducing Spending on Most Categories Except Gas, Pharmacy and Grocery

Study: American Consumers Reducing Spending on Most Categories Except Gas, Pharmacy and Grocery American Consumers Reducing Spending on Most Categories Except Gas, Pharmacy and Grocery According to the Empathica Consumer Insights Panel, 61 percent of American consumers report reduced spending, citing concerns around debt and increasing costs for basic needs. Empathica Inc., a leading global ...

Leaders of top economies focus on jobs, growth

President Barack Obama is joining with leaders of other top economic powers in calling for more emphasis on jobs and growth while reducing debt.