Geopolitical Monitor - Topic: Economy

August 25th, 2010 (Geopoliticalmonitor.com) - Grim figures out of the housing market in the United States emerged yesterday. According to the National Association of Realtors, sales of existing homes dropped 27.2 percent in July to reach their lowest level in ten years.

August 24th, 2010 (Geopoliticalmonitor) - Al-Shabab’s latest attack displays a level of planning and execution that doesn’t bode well for the AU-backed transitional government in Mogadishu.

August 16th (Geopoliticalmonitor.com) - Japan received two pieces of bad news this month: its quarterly GDP grew at the tepid rate of 0.1 percent, and it has been overtaken by China as the second largest economy in the world.

August 13th (Geopoliticalmonitor) - A weak euro has allowed Germany to post its highest quarterly growth since unification.

August 11th (Geopoliticalmonitor.com) - US Secretary of Defense Robert Gates is attempting to pre-empt Congress defense spending cuts by implementing a round of his own.

The results of the bank stress test in Europe have been greeted with widespread skepticism; even though financial markets seem calmer, the system is not yet out of the woods.

July 29th (Geopoliticalmonitor.com) - David Cameron is in India heading up the “largest trade delegation in living memory,” but is it all merely politicking?

July 27th (Geopoliticalmonitor.com) - A war of words is simmering between the governments of Iran and Russia, potentially placing the latter more squarely in the Western camp on any future attempts to turn the screw on Iran’s nuclear program.

Political friction over economic issues between the US and China has faded for the time being, but its sources remain and may reappear at any time.

Today, results of the financial ‘stress test’ performed on 91 banks across Europe will be made public.