Public spending is under assault from the United States to Europe in the name of fighting deficits. Nobel Prize-winning economist Paul Krugman argues in his new book, “End This Depression Now!”, that the hysteria over the deficit will constrain an economic recovery in a time of high unemployment and stagnating wages. Read More

(Reuters) – Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greececould leave the euro zone bloc, threatening the future of the common currency. Read More

Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said. Read More

U.S. stocks fell, sending the Standard & Poor’s 500 Index to the lowest closing level since January, amid a decline in a gauge of leading indicators and as Moody’s Investors Service is said to downgrade Spanish banks. Read More

(Reuters) – Spain’s borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalized Bankia hammered its share price. Read More

Europe’s debt crisis, higher oil prices and the year-end budget cuts and tax increases still remain risks to the U.S. economy, Treasury Secretary Timothy Geithner said on Thursday. Read More

Greece’s political turmoil intensified Tuesday amid calls for fresh elections. Ray Suarez gets the latest from reporter John Psaropoulos. He then turns to Fred Bergsten of the Peterson Institute for International Economics and Nicholas Burns of Harvard Kennedy School for more analysis on the economic impact worldwide. Read More

I’ve seen the gold standard blamed for a lot of things in my day—the busts of the 19^th century, the travails of the farmer back when, the Great Depression—but I’d never thought I’d see the blame for the serial economic crises we’re enduring today, in 2012, hung on the gold standard. After all, isn’t the gold standard long gone? Read More

Greece’s decision to return to the ballot box in the search for a government unleashed a hazardous new phase in Europe’s debt crisis, with German Finance MinisterWolfgang Schaeuble calling the vote a referendum on whether the country stays in the euro. Read More

i own all the commodities. dged in gold. hedged in silver. but i own agriculture mainly. but everything is done. thank goodness i have currencies which are working. i don’t own many stocks as i’ve told before you. thank goodness i have some shorts. you don’t love the dollar but t will have a near term rally. i still own the dollar. i own more dollars than i have owned in years. Read More