European Economy

According to yesterday's Dun and Bradstreet Report, D&B National Business Expectations, "Australian businesses are preparing themselves for their worst start to a new financial year since the 1991 recession." The report showed that not only are Australian businesses' sales, profits, and employment growth results for the March 2005…

The U.S. economy has been the brunt of a lot of bad news recently. Take a look at the Wall Street Journal or just about any other popular source for financial information, and you can see reports of doom and gloom for the future of the American economy…

It's no secret that more than a handful of North Americans look at the French as a haughty and uber-confident culture. The fact of the matter, however, is that, these days, such stereotypes couldn't be further from the truth. Last week, the confidence of France's manufacturers sunk to…

When my friend Kevin, a research engineer at a major Tier-2 automotive parts supplier, called me from a business trip in Germany this weekend to tell me that German Chancellor Gerhard Schroeder had announced that he wished to hold early elections, I couldn't help but wonder how this…

This coming Friday, the U.S. Labor Department will report April non-farm payroll growth. Economists are expecting about 150,000 new jobs created in April, about half the number created in March. With all the stimulus created by the Fed (easy money and the lowest interest rates in 46 years),…

While I'm not a big fan of Aruba, I visit the island occasionally to see my parents when they vacation there. Mom and dad, who live full time in Canada, have spent their vacation time in Aruba for the past 15 years. They prefer the island to others…

From what I can tell, the G-7 meeting in Boca Raton, Florida that starts tomorrow seems to be shaping up to become a real tear jerker and whine fest. Pass the tissues please. Currency issues overshadow this meeting like gold on an Egyptian sarcophagus. Many unhappy participants are…

Buying a treat at my local corner store with one of my children last week caused me to have a flashback to 1960 (or so). I was doing the same thing with my dad and he said, "I remember when that cost a penny." I found myself saying,…

The title of today's column and the frigid weather some of us are experiencing may give you reason to think that I might be using a winter activity as some sort of economic metaphor. Dear reader, I wish I could. The situation is too dire for metaphors! The…

I noticed two things this morning on my way to work. The first was that it took too long for my vehicle to produce warm air; the other was a noticeable price spike at the pumps. It was just a few weeks ago (Dec. 22) that we here…

After a weaker than expected December employment report revealed that the U.S. economy is not creating enough new jobs, the NASDAQ and the Dow moved lower. About time too. Both indices seem to be on fire in this New Year, leaping forward on up days and barely sinking…