Dr. Rick C. Ernst
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Global Economy

Germany's Austerity Obsession Could Take Down The Global Economy
www.huffingtonpost.com

Austerity is the opposite of the gift that keeps on giving: It just keeps taking and taking. Germany, the world's homeland for austerity obsession, is learning this firsthand. Its economy has hit a rough patch lately, likely worsened by its adamant …

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Why the world economy sputters
www.washingtonpost.com

It's become a dreary ritual: Every six months, the International Monetary Fund (IMF) forecasts the global economy — and cuts its previous forecast. Despite an army of economists, all of its forecasts since 2011 have been too optimistic. The latest …

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IMF warns global economy at risk; calls for bold action
www.theglobeandmail.com

The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global economic recovery and they urged governments not to squelch growth by tightening budgets too drastically, although Germany poured cold …

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Health of global economy is worrying: Stiglitz
www.cnbc.com

The euro zone is "very much" at risk of a recession and U.S. continues to struggle with a mediocre recovery, said Nobel Prize-winning economist Joseph Stiglitz, sounding the alarm on the deteriorating global economy. If Europe were to enter a recession …

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Fed's Tarullo, Williams See Rising Uncertainty in Global Economy
www.bloomberg.com

Two Federal Reserve officials warned of risks to the world economy amid global financial cross currents, as the Fed reviews raising interest rates while the euro area and Japan concentrate on boosting stimulus. Governor Daniel Tarullo said at the …

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Uneven growth threatens global economy
www.nzherald.co.nz

Though braced by a resurgent United States, the global economy is under threat from other regions – from Europe and Latin America to China and Japan – where growth is stalling and prospects remain dim. That's the bleak picture facing global finance …

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Global shares fall further on economy fears
www.bbc.co.uk

European and US stock markets have seen sharp falls as fears have deepened over prospects for the global economy. London's FTSE 100 share index fell 1.4% to 6,339.97, a 12-month low, as did Germany's Dax. France's Cac-40 fell to it lowest level in 2014 …

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Fed's Fischer Foresees Smooth U.S. Rate Liftoff, Little Impact On Global Economy
www.businessinsider.com

WASHINGTON (Reuters) – The Federal Reserve is unlikely to disrupt the global economy when it finally gets around to raising interest rates, the central bank's No. 2 official said on Saturday, seeking to ease concern the move could upend the flow of …

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World economy and markets
www.economist.com

FINALLY the penny (or should it be the pfennig) is dropping. The global economy isn't really doing that well. Your blogger has been banging on about this for months now; while the US economy may have recovered from the surprise drop in Q1 GDP, data …

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