Archive - Jun 16, 2012 - Blog entry
White House Hypocrisy And Trade Sanctions Against China
Submitted by testosteronepit on 06/16/2012 22:21 -0500Four months before the election. And yet, a horrendous migration across the Pacific
BeYoND THe EuRo ZoNe,,,
Submitted by williambanzai7 on 06/16/2012 22:14 -0500We don't need another Zero...
Bill Moyers and James K. Galbraith Talk About the Financial Crisis and John Kenneth Galbraith
Submitted by ilene on 06/16/2012 12:58 -0500A democracy of the fortunate is not a democracy at all.
Citi's Buiter: Greece will be forced out of the euro regardless of who wins the Sunday elections
Submitted by Daily Collateral on 06/16/2012 09:37 -0500Greece is on its way to becoming a "new, critical fragile state," and the ECB and EU will have to keep it on life support for years after it exits the common currency.
Spain's Fixed??? Even Spain's PM Admits that REAL Capitalization Needs Are Closer to 500 billion Euros!!!
Submitted by Phoenix Capital Research on 06/16/2012 09:04 -0500
Indeed, one has to wonder… just how does a €100 billion bailout solve Spain’s banking woes when its Prime Minister was suggesting the real damage is more to the tune of €500 billion in a text message to his Finance Minister??? Indeed, if Rajoy’s text is even remotely truthful, then we can assume that Spain’s real capitalization needs are multiples of the €100 billion bailout… something that the EU media is picking up on already. As one example, JP Morgan believes that when all is said and done Spanish banks could be looking at €350 BILLION in capital needs.
