Chart of the week: Europe in numbers – GDP growth rate, inflation rate & unemployment rate

The economies of Europe are in poor economic health. In the first quarter of 2013 overall growth within the Eurozone was negative for a sixth consecutive quarter and it is forecast to contract by 0.6% this year. Meanwhile the UK managed to avoid a triple-dip recession but inflation is still above target, and unemployment remains stubbornly high.

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Goodbye to austerity

There is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government debt to GDP which must not be crossed, set by Professors Reinhart & Rogoff, is based on an excel spread-sheet error. Lastly, Bill Gross of PIMCO, the largest bond fund in the world, tells us austerity is not working.

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Gold, a Hedge Against Financial Repression?

Had those with money tied up in the Cypriot banking system owned gold instead, they might have been able to watch the unfolding crisis relaxing on the beach. So why isn’t gold going through the roof? Is Cyprus too small to matter? Can it happen in the U.S.? Should investors hold gold?

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“Risk-Free” Is So 2012

So you’ve got this pile of cash and you’re not sure what to do with it. Nice problem, as problems go, but definitely not trivial, especially if you’re more concerned with keeping what you have than trying to make it grow.

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Money In The Bank? No Thanks

Niall Ferguson believes that individual property rights are responsible for turning a bunch of ignorant, “malodorous” Europeans into the world’s dominant culture. That is why the proposed violation of such rights in Cyprus is sending shock waves through the global financial system.

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Gold “To Fall to $1400 by End 2013″ But “Could See $2000 Next Year”, Cyprus “Will Lose Emergency Liquidity If No Bailout Agreed

The dollar gold price hovered just below $1610 an ounce Thursday morning, while stocks and commodities fell along with Euro as disappointing economic data was added to news that Cyprus’s banks will remain closed until next Tuesday.

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“Safe Haven Demand” for Gold Seen Amid Fresh Cyprus Chaos, But #1 ETF Shrinks Again

The gold price continued to hold above $1600 per ounce in Asian and early London trade on Tuesday, easing back from Monday’s 3-week high as world stock markets struggled again amid fresh uncertainty and rumor over Euro-member Cyprus’ banking crisis.

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