Archive - Jun 6, 2012 - Blog entry
ZH Evening Wrap Up 6/6/12
Submitted by CrownThomas on 06/06/2012 19:07 -0500News & headlines from the day
A Central Banker Utters The Truth
Submitted by testosteronepit on 06/06/2012 12:09 -0500An uplifting story of austerity and growth at the edge of Eurozone mayhem.
Greece Gets "Corzined" In Its Fruitless Pursuit of Euro Unity, Sans Its Own Sovereignty As Simple Arithmetic Sets In Again
Submitted by Reggie Middleton on 06/06/2012 09:57 -0500The PIIGS will pop! I directly & explicitly compared the plights of Greece vs Spain 2 1/2 yrs ago before anyone even publicly admitted Greece would have to default, not to mention Spain!!!
Is Einstein wrong..about the Fed?
Submitted by RobertBrusca on 06/06/2012 09:19 -0500While the WSJ article on the Fed paints a picture of controversy enshrining the usual hawk Vs dove sort of frame work ( or is that Hatfields Vs McCoys? Montague Vs Capulet)… what strikes me is the sense of agreement I get in reading this thing. Everyone at the Fed is on the very same page. John Hilsenrath is correct in concluding that there is a policy dilemma, but he does not connect the dots and say that it is a dilemma without much consequence. Yet it is quite clear that even those who would like the Fed to do more, are very disappointed with the results from what they already have done. If you ordered dessert and it was bad would you order more? The Fed would.
Market Turbulence As Global Economies Falter
Submitted by Burkhardt on 06/06/2012 08:29 -0500Market Turbulence As Global Economies Falter: The European debt-crisis, the derailing of Chinese economic growth and an underemployed United States all point toward a “global crunch”.
The REAL Reason the EU is Implementing Border and Capital Controls
Submitted by Phoenix Capital Research on 06/06/2012 06:08 -0500
I believe this is Germany’s final push for EU control. If this fails and Germany ceases to offer additional bailout funds in some form then the EU will collapse (as noted earlier, the ECB, IMF, and US Fed cannot prop the EU up nor will the ESM mega bailout fund work). Spain’s literally on the verge of seeing a bank holiday. Germany is the only one who might have the funds to prop it up. And Germany wants gold.
