Stay Updated!

Sign-up for free email updates!

EconMatters

By EconMatters In June, I did three posts discussing some of the things in Corporate America, either from personal observation or first hand accounts through friends, readers, or colleagues. (Read: Getting Hired Now Takes Longer; How Some Companies Are Scamming Job Applicants; How Companies Are Using PIP To Humiliate and Get Rid of Workers.  Today, I’m going to talk about something I…

{ 0 comments }

What is a Market?

by EconMatters on July 11, 2015

in Economy

By EconMatters
Market Definition
The Merriam-Webster definition for Market is the following:    A meeting together of people for the purpose of trade by private purchase and sale and usually not by auction  The people assembled at such a meeting. This just gives a starting point for this important discussion given the philosophical crossroads that financial markets are facing in today`s …

{ 0 comments }

By EconMatters The Greek Referendum ended on Sunday with 61.3% of the 6.16 million Greeks voting No to reject creditors’ demands for more austerity. Yanis Varoufakis, Greece‘s finance minister, has announced his resignation in his blog (see below) only hours after the No vote that he urged (read the 6-bullet-point by Varoufakis here).
Minister No More!    
Posted on July 6, 2015

{ 0 comments }

By EconMatters Greece missed a €1.6bn (£1.1bn) payment to the International Monetary Fund (IMF). The country’s current bailout then expired on Tuesday. On Sunday, Greece will vote on a landmark referendum: “Yes” or “No” (“Nai” or “Oxi” in Greek) to the new bail out package currently on the table from the creditor. Sunday’s vote will be watched closely around the world,…

{ 0 comments }

By EconMatters Greece missed a payment to the The International Monetary Fund (IMF) of about 1.5 billion euros, or $1.7 billion, on Tuesday which officially put the country in the ranks of Sudan, Somalia and Zimbabwe. Although the IMF is not considered as a commercial lender, and the Fund does not use the term ‘default’, the inescapable conclusion is that…

{ 0 comments }

By EconMatters Concerned about a tumbling equity market, PBOC moved to cut both interest rates and the reserve requirement ratio for banks over the weekend.  However, increasingly wary of a market bubble in China, investors still sent Shanghai Composite spiraling down another 3.3% on Monday after the dramatic 7.4% plunge last Friday despite the support from the central bank.
Chaos on Three Continents…

{ 0 comments }

Greece Imposed Emergency Capital Control Greece is still staring down the barrel of a $1.8-billion loan payment to the IMF (supposedly due on Tuesday). The latest development is that Greece imposed emergency capital controls and closed banks starting Monday June 29 until after a July 5 referendum on a deal with European creditors. The real cash has already fled as…

{ 0 comments }

By EconMatters China’s stock markets tumbled on Friday to near bear territory further deepening the sell-off that started two weeks ago.  The Shanghai Composite, down 7.4% on the day, has fallen 19% from its June 12 high wiping out $1.25 trillion in market cap. The smaller Shenzhen and ChiNet indices also has plunged 20% from its recent peak.
Margin Lending…

{ 0 comments }

By EconMatters In my last two posts, I talked about why hiring now takes longer and how some companies use interview to score free consult from job applicants, today I’d like to discuss the increasing popularity of PIP.  This is not your forex trading pip, PIP in the corporate lingo means Performance Improvement Plan. What’s in PIP?  Any Human Resource (HR)…

{ 0 comments }

By EconMatters After posting our latest piece about getting hiring now takes longer, we learned a disturbing trend in the current company interview practice (we are talking about Fortune 500 companies) from some of our reader friends.  What we are about to describe is probably more often seen in the sector or city experiencing large layoffs such as the energy…

{ 0 comments }

By EconMatters I came across an interesting research by Glassdoor.  According to this new research paper,  the time required for hiring processes has grown dramatically in recent years, both in the U.S. and internationally.  That means it is taking longer for job seekers to get through the interview process and actually land a job. The chart below shows the average…

{ 0 comments }

By EconMatters
EIA Report
I looked over the weekly Petroleum Inventory Report put out by the EIA today, and the biggest takeaway by far was that U.S. oil production set a new modern era high at 9.566 Million Barrels per day. The last high in U.S. production occurred in March, and it appeared that the U.S. production numbers were getting …

{ 0 comments }