Larry Summers (file photo)
Both Europe and the United States are on the brink of a "deflationary spiral," with Europe's economic morass possibly lingering for a decade, former Treasury Secretary Larry Summers has warned. "Europe is on the brink of a deflationary spiral that could be gravely threatening to the process of growing standards of living, not for a year, but for a decade," he recently told Bloomberg TV. "Europe is lagging relative to every other region of the world. And the situation is getting worse." [Full Story]
Related Stories
Kudlow: Obama's Middle-Class Economics Tactic Doesn't Work
It's too easy to label President Obama's State of the Union as more tax-the-rich and redistribution. We know that. Rather than name-calling, Republicans must draw a clear line in the sand between their world view and Obama's. I'd call that line common-sense economics. ... [Full Story]
The outcome of the Greek elections is indicative of a broader political [Full Story]
The average price of regular gasoline at U.S. pumps dropped 13.3 cents [Full Story]
Don't look now, but tax season is coming upon us. Kiplinger has assembled [Full Story]
Europe's fiscal austerity — and its monetary austerity before 2011 — have [Full Story]
Moody's drops Atlantic City bond rating 6 notches after New Jersey appoints [Full Story]
You can add legendary investor George Soros to the list of those expressing [Full Story]
U.S. housing activity remains weak despite six years of federal government [Full Story]
Some questions and answers regarding the 1.14 trillion euros ($1.3 [Full Story]
Europe's fiscal austerity — and its monetary austerity before 2011 — have put its economy in the tank, says Nobel laureate economist Paul Krugman. [Full Story]
Axis Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. [Full Story]
A radical left-wing party vowing to end Greece's painful austerity program won a historic victory in Sunday's parliamentary elections, setting the stage for a showdown with the country's international creditors that could shake the eurozone.Alexis Tsipras, leader of the... [Full Story]
Saudi Arabia may be taking a page out of President Ronald Reagan's strategy book in using oil as part of a broader defense strategy. That's why investors need to be mindful of geopolitics when it comes to predicting crude prices, said David Rosenberg. [Full Story]
The average price of regular gasoline at U.S. pumps dropped 13.3 cents to $2.0691 a gallon, as the plunge may be abating, according to Lundberg Survey Inc. [Full Story]

Market Watch
Company Name or Symbol: 

Click Here for Pre-Market Data

Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved