Ireland remains especially exposed to another financial shock because of the extremely high levels of public and private debt, the open nature of the economy, and Brexit, Irish Central Bank Governor Philip Lane has warned in a pre-budget letter to Minister for Finance, Michael Noonan.
“Ireland is especially exposed due to the legacy of high public and private debt levels, the sensitivity of small, highly-open economies to international shocks and Brexit-related vulnerabilities,” Ireland’s Central Bank Governor said.
American business magnate George Soros is making every effort to boost the refugee flow to Europe, by encouraging asylum seekers to travel to the continent and urging the European leaders to fork out, F. William Engdahl notes.
“Since John D. Rockefeller was advised to protect his wealth from government taxation by creating a tax-exempt philanthropic foundation in 1913, foundations have been used by American oligarchs to disguise a world of dirty deeds under the cover ‘doing good for mankind,’ known by the moniker ‘philanthropy’ for mankind-loving,” Engdahl writes in his recent article for New Eastern Outlook.
“Absolutely awful” factory figures as new orders suffer worst slump since 1980 recession
Factory orders in the US suffered their steepest fall for 33 years in January and also slowed further in China, raising fresh concerns about the strength of the world’s two biggest economies.
The shock figures set off a renewed flight to safety in New York, where yields on US 10-year Treasuries fell to a three-month low of 2.60pc. The Dow Jones index tumbled 326 points, breaking through crucial technical support levels. Continue reading