The actions of the Central Banks signal how desperate the situation is. Nothing was done to help Greece, Spain or the other insolvent European sovereigns. Yesterday was an attempt to keep the dysfunctional world financial system going awhile longer.
Archive for Category: "Economy"
December 1, 2011 11:03
Jim Rogers: QE3’s Already Started! I’m Shorting Stocks, Long Commodities and Currencies
Markets may rally on certain short-term fixes or good news, but until some resolution comes to the mountainous sovereign debt, no rally will last. QE3 is already underway if you look at the huge jump up of M2 money supply since August.
December 1, 2011 09:41
Jobless claims jump back above 400,000 thanks to Obama policies
Obama’s policies are working to stop job growth. People are hurting. Obama keeps trying to convince voters he is doing something about jobs. Just pass my jobs (spending) bill. The truth is Obama’s policies are destroying jobs and stifling economic growth.
December 1, 2011 05:48
The Global Economy at Cliff’s Edge
President Obama is responsible for the mess we’re in because he squandered more than $2 trillion of our hard-earned and borrowed money to accomplish little more than payoffs for groups and individuals that supported candidate Obama in 2008.
December 1, 2011 05:17
Land of The Freebies, Home of the Enslaved
We’ve allowed a “cradle to the grave” entitlement society! 144 million in the US pay no taxes and are supported by the rest of us. Under Reagan only 19% of households paid no taxes, under Clinton it rose to 25%, under Bush to 30% and under Obama went up over 50% to 47% of households not paying taxes. The Marxists are winning and America is going bankrupt.
November 30, 2011 13:53
US to bail out Europe because Germans refuse
Inflation will destroy US savings and purchasing power but the Fed and Obama have decided that is a an ok price to pay to bail out Europeans. Obama is desperate to keep the economy from tanking any further before the 2012 election.
November 30, 2011 09:04
US banks downgraded
Hammered by European bonds, Obama’s anti-bank rhetoric, occupiers and Democrats massive new regulations in the Dodd-Frank bill banks are struggling and ratings agencies have downgrade many.
November 30, 2011 06:49
Euro-Crisis is Much Worse Than It Looks
This incredibly contractionary monetary “policy” began sometime earlier this year and is continuing to accelerate. I put policy in scare quotes because there is no policy as such there is simply contraction.
November 30, 2011 05:58
EU entering ‘critical period’ to resolve debt crisis
[A] top official said the region had just days to take decisive action to resolve the crisis. – BBC
November 29, 2011 10:18
Flatout collapse of Euro – hyper depression
Europe’s demise is actually propping up the US economy. As Obama’s Debt Commission co-chair Erskine Bowles said the US economy is “the best lookin’ horse in the glue factory.”
