Even Krugman Finally Admits: Greece Likely To Exit Euro

The Greek exit from the Eurozone, and from the Euro currency, is back on the table. Can the can be kicked down the road further still?  Are we running out of road? Even his majesty Chief Keynesian Cheerleader Paul Krugman is admitting it: From Krugman's Blog: Some of us have been talking it over, and [...]

By |2012-05-15T10:56:22-04:00May 15th, 2012|Economy, Featured Categories|2 Comments

Well, Now We Know What It Was All About, Anyway

They're finally figuring it out. The Greek "bailout" deal, the terms of which seem ever-changing, includes "austerity" for the masses, but also includes this gem: From the New York Times, regarding Greece: Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, [...]

By |2012-02-23T16:21:09-05:00February 22nd, 2012|Economy|0 Comments

Bob Janjuah On Bloomberg: “No One Believes What The Banks Tell Us”

"The banks," of course, are the big, international, Congress-owning kind. Ten Minutes. A few highlights: "We criticized Japan for keeping alive zombie banks. We're pretty much doing the same in the West." "There's a grotesque misallocation of capital going on, away from the parts of the private sector that could use it, into parts, effectively, [...]

By |2011-12-02T18:53:13-05:00December 2nd, 2011|Economy, Media, Video|0 Comments

Of The Central Banks, By The Central Banks, And For The Central Banks:

... Central Banker Now Officially In Charge Of Greece From EuropeanVoice.com: Former central banker seen as best choice to lead Greek interim government. Prime Minister George Papandreou of Greece is reported to be on the brink of resigning to make way for a government of national unity led by Lucas Papademos, a respected former central [...]

By |2011-11-10T09:56:25-05:00November 10th, 2011|Uncategorized|0 Comments

Called It

You thought my last piece on "Bond Vigilantes" was a joke, didn't you? NOPE. On Zerohedge today: The Bond Vigilantes Are Here: US Net Notional CDS Outstanding Surpasses Greece For The First Time As the first chart below shows [follow the link to see the charts and the article], of the Top 25 CDS outstanding [...]

By |2011-07-20T20:18:12-04:00July 20th, 2011|Economy|0 Comments

Bond Vigilantes, Rumored Dead, Arise From The Sea And Visit Washington DC; Obama To Veto “Cut, Cap and Balance”

Even Bernanke's money-dropping aircraft are powerless to stop the carnage. http://www.youtube.com/watch?v=o7gFlSGXt_k&feature=related Ray Dalio was just interviewed by John Cassidy of The New Yorker. The article goes to some length to describe Dalio's business style and his rigorous nature, probably an effort by the magazine to establish his credibility with its readership. Ray Dalio is the founder [...]

By |2011-07-19T09:42:49-04:00July 19th, 2011|Economy, Media, Video|1 Comment

DeMint / Vitter Amendment Votes Today!

From "The Hill": The Senate on Thursday will resume consideration of S. 679, a bill to streamline the presidential appointment process, and is expected to vote around noon on amendments offered by Sens. David Vitter (R-La.) and Jim DeMint (R-SC). Vitter's amendment would end the ability of the White House to appoint policy "czars," and [...]

By |2011-06-23T10:49:56-04:00June 23rd, 2011|Government|0 Comments

Senate Republicans Offer Amendment to Stop $108 Billion Bailout to Foreign Countries

Kudos to these Senators for finding a way to preserve hard-earned taxpayer money: "U.S. Senators Jim DeMint (R-South Carolina), Orrin Hatch (R-Utah), David Vitter (R-Louisiana) and John Cornyn (R-Texas) today offered an amendment to the Economic Development Revitalization Act to roll back the International Monetary Fund’s (IMF) ability to use $108 billion in taxpayer dollars [...]

By |2011-06-18T10:49:02-04:00June 18th, 2011|Economy|1 Comment

Hugh Hendry calls out George Soros, alludes to swelling populist anger in Germany

See video below. Investor Hugh Hendry understands George Soros: "The richest people on the planet become socialists"; "Socialism is when you build a moat around the castle." Mr. Hendry is responding to a recent Bloomberg interview in which Soros decried German determination to cut their deficit spending (Imagine their arrogance!). Citing the "needs" of other [...]

By |2010-06-24T21:40:14-04:00June 24th, 2010|Uncategorized|3 Comments

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