
Countries like Spain (I am reverting to my habit of calling all the deficit countries “Spain” and all the surplus countries “Germany”) simply will not adjust quickly enough as long as they maintain the euro, and we are going to watch their economies contract and their debts grow until finally the electorate has had enough and forces a radical change in strategy Is Social Security a Ponzi Scheme? | The Big Picture (tags: social-security pensions) How the Boos for the Gay Soldier Sounded on Stage - James Fallows - Politics - The Atlantic (tags: military republicans) Majority Rates Obama Same or Worse Compared With Bush (tags: obama polls) Im Gespräch: Jacques Delors: „Wir stehen am Abgrund - Greece needs decade to get competitive: German finance minister| Reuters (tags: greece sovereign-debt-crisis germany) Rescuing the Euro: The Fatal Mistakes of Berlins Bailout Strategy - SPIEGEL ONLINE - News - International (tags: bailout germany sovereign-debt-crisis) Groupon COO jumps ship after 5 months| Reuters (tags: groupon executives ipo google) BofA sued by shareholder over $10 billion Spain appears to have dropped off radar screens. In part, a disorderly outcome of the Greek crisis continues to be threatened. Italian bond yields and CDS prices have risen above Spain's. Yet, ironically, earlier this week, Spain's central bank credit report Kentucky warned that its banking problems are bound to get worse The negative headlines are here and the tape bomb shows a failure to confirm the recent W-bottom, which has Andy Lees thinking about where the next stop is credit report Kentucky Greece sees default with 50pc haircut on debt - reports - Telegraph Greeces finance minister has told lawmakers he sees three scenarios to resolve the debt crisis, including one involving an orderly default with a 50pc haircut for bondholders, two Greek newspapers reported on Friday. credit card reports
(tags: greece default) Matt Stoller: Did Geithner Really Undermine Obama The question after the frightful period in 1907 was what to do to prevent another panic from causing a credit report Kentucky severe depression.
Benjamin Strong, a senior executive at Bankers Trust and later the first President of the Federal Reserve Bank of New York, played a prominent role in the creation of the Fed and in its disastrous policy that led to the second Great credit report Kentucky Depression EUR/USD headed back below 1.347 as European stocks extend early morning losses; DAX down 2.7%. G20 communiqué indicates that EZ actions to credit report Kentucky increase EFSF flexibility is likely; details remain light.
Singapore’s inflation continued to surge in August; Poland retail sales beat market expectations Last week I excerpted from Herbert Hoover’s 1930 State of the credit report Kentucky Union address. all 3 free credit reports This time I wanted to excerpt from the 1931 SOTU because the Credit Anstalt event had already credit report Kentucky happened, triggering retail deposit runs. Bank credit report Kentucky runs is something about which Mohamed El-Erian, the head of PIMCO, has recently expressed concerned because of the wholesale funding squeeze now ongoing in France. What caught my eye was where Hoover says “The situation largely arises from an unjustified lack of confidence.” This credit report Kentucky seems to be an almost verbatim copy of the sentiments Federal Reserve Chairman Bernanke expressed in Minneapolis just two credit report Kentucky weeks ago The earnings estimates on the SP must go down significantly. With the problems in Europe, and then the potential slow-down in China (after building more residential and commercial construction than presently needed) we would have to think that declining investment (debt) would be even more cause of concern. In our opinion, the stock market is headed to much lower levels, and credit report Kentucky as we stated before, any upswing will not exceed the 1250 resistance level of the SP, and any rally should be sold At some point credit report Kentucky soon, maybe tomorrow, I will be writing an update to two posts: The Fake Recovery and The recession is over but the depression has just begun. check credit report online
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