From the category archives:
Today MicroCapital.org, a microfinance publication, announced the introduction of pre-paid, reloadable Mastercards in Peru. The “LATODO Mastercard” is a project launched by NovoPayment, a US-based prepaid card provider that will run the business through Servitebca Peru.
NovoPayment also works in Florida, Mexico, Colombia and launched a similar prepaid credit card program in Venezuela in 2005, MicroCapital [...]
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Last week we were surprised to see a 25 basis point rate cut by Australia – whose inflation and unemployment levels are in a healthy range – so to now see that even China has cut interest rates, well, that’s telling you something significant about the weakness and risks facing global growth.
First Rate Cut Since [...]
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Top economic advisors and analysts are shouting a common refrain these days. And when two of their more prominent issue global economic warnings forecasts in the same morning, you want to listen. I’ve also outlined what I see as the developments in trends over the next five years, and many of them provide a broader [...]
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Will Eurobonds be the solution to the European fiscal mess? There’s so much debt out there already, can more European debt really be the answer?
Nevertheless, the “Eurobond” is what Italian Prime Minister Mario Monti has proposed as a way out of the European debt situation. Perhaps a Eurobond offering would calm global markets over European [...]
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Protests in Madison, Wisconsin (USA) would otherwise appear to be a home-grown, Tea-Partyish type of movement (indeed, Tea Partiers were a large contingent protesting in support of the bill) were it not for the past two weeks of protests that appear to be spreading (if not necessarily “escalating”) throughout much of the Middle East, and [...]
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The DOW is back above 12,000 for the first time since June 2008 – kind of weird to imagine, isn’t it? Does all feel right again in the world? Back in June 2008 the markets buzzing full of bullish energy. The U.S. housing sector tore it all apart, and the Ben Bernank huffed and puffed [...]
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