Archive - Aug 13, 2010 - Blog entry
BP Will Go Ahead with Relief Wells ... But Admiral Allen Warns That There is a "Weak Link"
Submitted by George Washington on 08/13/2010 23:51 -0500Good news ...
Can We Avoid Another Lost Decade?
Submitted by Leo Kolivakis on 08/13/2010 18:01 -0500We are at a crossroads and even experts are baffled as to what awaits us. Before you jump to any simple conclusions, read this comment very carefully.
Dead Fish Are Washing Up Everywhere . . . Is It Due to BP Oil Spill and Dispersants?
Submitted by George Washington on 08/13/2010 15:14 -0500No, its not global warming ...
"A Sustainable Level of Bank Profits Appears to be About 1% of GDP". Higher Bank Profits Lead to a Ponzi Economy and a Depression
Submitted by George Washington on 08/13/2010 11:45 -0500Steve Keen hits another one out of the ballpark ...
Pivotfarm Daily News Harvest 13th August 2010
Submitted by Pivotfarm on 08/13/2010 07:49 -0500Markets in a Flash
· The USD is starting to look stronger this morning. It is gaining as investors seek less risk.
· The EUR/JPY appears to be trading very close to its monthly lows.
· US equity futures are lower today suggesting the selloff will continue when the markets open.
Greek Recession Deeper Than Forecast, or Another Vindication of Independent Proprietary Analysis Over Government Propaganda?
Submitted by Reggie Middleton on 08/13/2010 05:40 -0500Second-quarter GDP in Greece estimated to have fallen by 3.5% year-on-year. I'd like to bring to your attention that this is a pace that is over 11.5x WORSE than the projections that Greece used to get the austerity package-based bailout!!! It is also much more in line with what we anticipated at the research group of BoomBustBlog. Anybody want dibs on whether we are also more accurate about the point of Greece's restructuring causing a contagion effect?
The Dodd-Frank Wall Street Reform and Consumer Protection Act: The Triumph of Crony Capitalism (Part 2)
Submitted by Econophile on 08/13/2010 00:19 -0500Until I began to examine the Dodd-Frank financial overhaul bill I had no idea that it would so significantly change the direction of the United States. It's scope is so vast and pervasive that it is difficult to grasp its totality. I wrote this article to try to explain this and why I believe it is so important for us to understand it. Because of its complexity it was not possible to do this briefly, so I wrote this major "white paper" and divided it into four parts to make it easier to digest. Please stick with me for the next few days; your eyes will be opened. This is Part 2.
