Archive - Jul 7, 2012 - Blog entry
Forget The ESM/EFSF, the UN Has a Funding Issue & You Will Solve It
Submitted by CrownThomas on 07/07/2012 21:49 -0500Just when you thought the debt issue had reached its peak, the United Nations has come knocking on the door with their hand out.
Banks' Defenses to Potential Trillions in Libor Claims Fail
Submitted by George Washington on 07/07/2012 18:12 -0500All 3 Libor Arguments Fail
No Jobs: The Result of Wizard of Oz Economics
Submitted by Econophile on 07/07/2012 14:46 -0500Recent economic data, and especially today's unemployment numbers reveal the powerlessness of the Fed in the face of underlying economic problems that they fail to understand. The Fed has tried every trick in the book for the past 4 years to revive the economy only to see it continue to weaken. Unfortunately they only know how to do one thing—print. The ultimate effect of this will be more economic stagnation, not real economic growth. Here is why.
The Euro Crash Refuses To Go On Vacation
Submitted by testosteronepit on 07/07/2012 11:37 -0500“We are prepared for all scenarios, including abandoning the euro.”
LIeBOR Gets Interesting As Regulatory Capture Reverses Itself In England
Submitted by Reggie Middleton on 07/07/2012 09:23 -0500Hundreds of billions of dollars of additional potential legal liability, much of which likely borne by US banks, yet very few are paying attention. Here's how I see it...
Spain's Not Getting a Bailout... Neither is Italy... It's the END GAME Folks
Submitted by Phoenix Capital Research on 07/07/2012 06:01 -0500Merkel and Weidermann’s points here are crucial. There is no way that either can OK giving German funds (ultimately Germany is the real backstop for the EFSF and ESM) without conditions. Why should Germany risk its AAA status to prop up countries that have proven to be unwilling to implement any meaningful reforms and whom actually lie openly to Germany’s face time and again?
