article thumbnail

France Fesses Up: "Deficit in 2014 Much Higher than Expected", Budget Needs Revisions Yet Again

MishTalk

Spain and France Deficit Violations Both Spain and France have constantly pushed back goals to meet stated targets. For example, please consider this Reuters September 2014 headline: France Breaks 2015 Deficit-Cutting Promise. in 2014, before dropping back to 4.3% billion euros at the end of 2014, 4.3 Today we learn.

Finance 72
article thumbnail

Expect Higher Mortgage Loan Rates in 2014; New "QM" Rules May Mean Less Lending

MishTalk

In regards to Average 30-Year Mortgage Rate Hits 4.47% (Not Counting Fees); Affordability Check Michael Becker at WCS Funding Group just pinged me with his thoughts on why mortgage rates will go up in 2014 even if treasury rates stay flat. The FHA last month decreased its maximum loan limits for 2014. Michael writes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Austerity In Spain? Where? Public Debt Threatens to Exceed 100% of GDP in 2014

MishTalk

EL Pais reports Spanish Public Debt Threatens to Exceed 100% of GDP in 2014 Via translation General government debt accumulated through February was 987.945 billion euros, an amount that represents 96.5% The 2014 budget is expected to be in the red by 60.7 of gross domestic product (GDP). The debt ended 2013 at 94% of GDP.

article thumbnail

How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. Stop avoiding finance because you’re afraid of numbers. Think of it this way, “Finance is the way businesses keep score. “Finance and accounting are very simple. .” “Finance and accounting are very simple. Overcome your fears.

Finance 28
article thumbnail

Spain on Track to Meet Budget Targets Says Economy Minister; Data Strongly Suggests Otherwise

MishTalk

On September 16, Spain''s economy minister, Luis de Guindos, said Spain on Track to Meet Budget. Spain is on track to meet the 2013 budget deficit target it agreed on with its European Union partners and should emerge from recession before the end of the year, the economy minister said on Monday. Spain Budget Deficit Soars.

Meeting 62
article thumbnail

EU "Ayatollahs" Killing Italy’s Recovery Chances Says Italy's Prime Minister; Italy Attempts Another "Quick Fix"

MishTalk

After Italy rebuffed warnings about its budget, euro-area finance ministers late Friday agreed to give the country additional opportunities to show it can make savings and bolster revenue. member states, including Italy, aim at the stability of their public finances.” It is very important that all E.U.

article thumbnail

Recovery Mirage in Spain Dissipates Into Ashes

MishTalk

Spain is again dependent on foreign financing. Via translation from Libre Mercado, Spain Again Borrows Abroad to Finance Consumption. That is, the entire country that year said external financing close to 100 billion euros to cover their consumption and investment. Think Spain is going to meet its budget deficit goals for 2014?

Finance 74