German corporate bankruptcies rose in 2009 for the first time in six years, with filings up 15.5 percent on the year in December in the wake of recession, government data showed Tuesday.
The Federal Statistical Office said 2,583 companies filed for bankruptcy protection in the last month of 2009.
The year-on-year increase compared with a smaller 6.9 [...]
Posts Tagged ‘central bank’
German bankruptcies up 15.5 pct in December
March 9th, 2010 by HardMoney Writer
Tags: central bank, corporate bankruptcies, german bank, unemployment rate
more...Japan finance minister needles BOJ on inflation targeting
February 22nd, 2010 by HardMoney Writer
Japan’s Finance Minister Naoto Kan reiterated his desire to target inflation, setting up a clash with the Bank of Japan over how best to pull the country out of deflation.
Kan, speaking in an interview with the Yomiuri newspaper published on Monday, said that a 1 percent rise in prices was desirable and that the central [...]
Tags: bank of japan, central bank, Japan Finance, japan's economic, onflation
Why the Fed Will Be Sidelined in 2010
December 22nd, 2009 by HardMoney Writer
The release of the Non-Farm Payroll Report for November along with the latest inflation data from the Bureau of Labor Statistics placed further into question the Federal Reserve’s free money policy. The spate of less bad news on the economy and increases in certain price levels has brought some of the bond vigilantes back from [...]
Tags: bank lending, central bank, Federal Reserve, hard money, interest rates, investors, lender, loan, Mortgage Backed Securities, mortgage issuance, mortgage loan, real estate
Sliding back towards a gold standard
December 9th, 2009 by HardMoney Writer
Gold broke through US$1,200 per ounce last week on rumors that the People’s Bank of China might increase the percentage of gold in its reserves. The dollar, the euro, sterling and the yen all have good reasons to weaken, yet in our current global fiat money system, they have nothing to weaken against.
Global foreign exchange [...]
Tags: Bank of China, central bank, European Central Bank, Fort Knox, global money, hard money, International Monetary Fund, money system, private sector investors
Yuan Shifting From Dollar Peg
November 11th, 2009 by HardMoney Writer
China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.
In its third-quarter monetary policy report, the People’s Bank of China departed from well-worn language on keeping the yuan “basically stable [...]
Tags: central bank, China, dollar peg, emerging economies, global financial crisis, largest economy, obama