Pundits are hopeful on the latest economic data out of Europe….
Comments »The EU Would Like Greek Bond Holders to Bend Over Just a Little More
BoJ Cuts GDP Growth Estimates
Europe and U.S. Futures Fall on Greek Debt Talk Stalemate
GLOBAL CDS SPREADS CRUSHED, AGAIN
Fun Times to Come in Europe
Mark Mobius on Where and What to Invest In
Face the Facts: Europe’s Debt Crisis is an Unsolvable Circle Jerk
Barton Biggs is Worried Over Europe (video)
FLASH: ITALIAN SOVEREIGN BOND YIELDS COMPRESS SOME MORE
Largarde Says the World Could Face a ‘1930s Moment’
“International Monetary Fund managing director, Christine Lagarde, has warned that the global economy “could easily slide into a ‘1930s moment’ unless global leaders take the actions that they know must be done. Lagarde’s speech in Berlin outlined what she thinks must be achieved in three areas: the Eurozone; the rest of the world; and the IMF’s role.
In Europe, “[t]here are three imperatives—stronger growth, largerfirewalls, and deeper integration.” For the US, which has a special role in the global economy, “The key policy priorities must be to relieve the burden of household debt and to deal decisively with the issue of public debt.” China “can help itself and the global economy by continuing to shift growth away from exports and investment, toward consumption.” The IMF should continue to push for more integration, and build up a loan fund of $500 billion to help meet what Lagarde sees as the need for $1 trillion in potential global financing needs.”
Comments »Another Sign The Euro Debt Crisis Could Be Ending
Whole Sale Prices Fall for a Third Q in Australia
Europe Will Ban Iranian Oil Imports Starting In July
Life Spotted on Venus in 1982
“The menu of pain”
SUPERBOWL 46; HERE WE COME BABY
What a nail biting game we had tonight!
[youtube://http://youtube.com/watch?v=C2NU98NZF8o 450 300]
Europe Transaction Tax Won’t Apply to Gov’t Bonds
PARIS (Reuters) – Europe’s proposal for a tax on financial transactions would not apply to bonds issues by governments because states need to be able to finance themselves, said France’s Finance Minister Francois Baroin on Sunday.
France plans plow ahead with its own transaction tax even as other European nations are taking longer to agree on how to implement the measure.
“The tax would apply to shares and derivatives but would naturally exclude government bonds since we are in a period where we need investors,” said Baroin in a French televised interview.
The details on when such a tax would take effect will be decided when the draft law is written in February, he added.
(Reporting by Jean-Baptiste Vey)
Comments »The Shanghai Composite May Have Bottomed Thanks to the Chinese Gov’t
Posted on January 21, 2012
Shanghai’s channel surfing Panda bears are speaking with a little higher pitch this weekend after getting their ‘hood caught in a vicious squeeze and reversal. The stock index has bounced 8.7 percent off its January 6th lows after falling 31 percent from last April’s 12-month high. The Shanghai was down 39 percent from its August ‘09 post-crash high before reversing earlier this month. Hugh Hendry nailed it.
We don’t know if the bottom is in but it seems clear to us the government doesn’t want the stock market to fall any further. They have unleashed the Dragon on the bears with a series of policies to prop up the market.
To read the rest and see the pretty graphs, go here.
Comments »Documentary: Lifting The Veil
“This film explores the historical role of the Democratic Party as the graveyard of social movements, the massive influence of corporate finance in elections, the absurd disparities of wealth in the United States, the continuity and escalation of neocon policies under Obama, the insufficiency of mere voting as a path to reform, and differing conceptions of democracy itself.
Lifting the Veil is the long overdue film that powerfully, definitively, and finally exposes the deadly 21st century hypocrisy of U.S. internal and external policies, even as it imbues the viewer with a sense of urgency and an actualized hope to bring about real systemic change while there is yet time for humanity and this planet.
Noble is brilliantly pioneering the new film-making – incisive analysis, compelling sound and footage, fearless and independent reporting, and the aggregation of the best information out there into powerful, educational and free online feature films – all on a shoestring budget.”
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