The worst of the economic downturn may be over in the US, China, India, and other economies in Asia. It is another matter in Europe. Spain has a double-digit jobless rate and the figure is close to 40% for those under 25 years old. The entire Eurozone has suffered more than most regions economicall ... Read more

FINTAG COMMENT Oxford Street. Consumption of material goods is a key driver to economic growth. The UK, like many other countries is struggling with a new world order of bartering, knitting and home cooking. Yesterday I went to Oxford Street, one of the world's most famous shopping areas to see how ... Read more

In the latest Monthly oil report from OPEC , a dreary picture was painted for the US economy. Their assessment is that economy is in the gutter, with the September unemployment rate unchanged but likely to resume its worsening trend, the ISM index down with new orders from factories falling almo ... Read more