Economic growth remained unchanged from last q posting +0.9%
Comments »Short Term Dollar Funding Truly Makes the Fed a Lender of Last Resort
Late Night Fun: Hot Fudge For Your Ice Cream Sunday Mr. Bear Shitter ?
Germany Tells White House Leveraging Bailout Fund is a “Stupid Idea”
Forgive me for venting some EU bailout frustration, but his shit is getting out of hand.
All the folly, secrecy, rumors, and half baked commitments to solving the sovereign debt crisis is killing a generation of investors.
The lack of political will is crushing the global economy and has created unprecedented volatility.
Comments »International Labor Organisation Warns of a Doubling in Global Job Loss If Governments Do Not Act
Despite New EFSF Approach Merkel States Greece Needs a Firewall for Default
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“I don’t rule out at all that at some point we will have the question whether one can do an insolvency of states…”
This quote, perhaps more than any other in the past few weeks and months of this impending(?) crisis, tips the E.U.’s economic hand to the markets and world: “We are set to distance ourselves from Greece.”
The never ending flip flop on sovereign debt crisis….
Comments »Three Asian Markets Announce No Rate Hikes Given Global Slowdown; China Not One of Them
Christine Lagarde: IMF may need billions in extra funding
EURO DRAMA: Multi-Trillion Dollar Plan Being Prepared to Save Euro
EU MAY Accelerate the ESM Fund
Bloomberg has obtained documents that describe the EU speeding up a fund called European Stability Mechanism.
Was not supposed to kick off until mid 2013, but sources are saying this will be discussed and possibly sped up to stem sovereign debt woes.
Comments »China’s Sub Prime Crisis Begins
Defaults have business owners fleeing property. A Chinese paper describes it as “their own sub-prime crisis”…
Comments »“Developed Economies Do Not Decouple” – Avoiding a U.S. Recession Will Be Hard
Greek Finance Ministers Discus the Possibility of Default With a 50% Haircut to Bond holders
The idea is now more publicly palatable within the media and public discussions.
Comments »Iceland Pits Itself as a New Model for Investment
If they succeed then the IMF and World Bank will be in a fully exposed position
Comments »Fitch: U.S. Money Market Funds Reduce Exposure to European Banks by 8%
Better reduce more as the ECB will not react until next month IF the crisis worsens
Comments »CDS Spreads Blow Out on French and German Banks
Remember the ECB will act next month if the crisis worsens. Apparently this pain is not enough.
Comments »ECB Says They Will Be Ready to Act Next Month IF Debt Crisis Worsens
Europe May See Disruption to Gas Supplies as Russia and Ukraine Argue Over Contracts
The MSCI All Country Index of 45 Nations Has Now Fallen 20% Entering Bear Territory
EU Ministers Consider More Firepower On Debt Problems Given Global Equity Meltdown
Really they just noticed there was a problem in the market place.
Who hired the Euro trash ?
