• GoldCore
    07/01/2015 - 10:07
    With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla, has warned that the island is...

Contributing Editors' Blog Entries

George Washington's picture

Occupy Wall Street Launching First Nationwide General Strike In America Since 1946

Will this (1) Change everything (2) Change nothing or (3) Something in between?

Cognitive Dissonance's picture

Breaking Broken Connections

Because we are rarely able to break our broken connections, our Self, our culture and our nation are littered with dysfunctional nonworking relationships that destroy so much more than they should or could, but for our own deliberate inattention.

williambanzai7's picture

ViSuaL CoMBaT DaiLY (10.27.11) (You Don't Mess With The Teufel Hunden)

I don't know who else is going to be stupid enough to say that that Marine, employed Marine mind you, got what he deserved for peaceably standing up for his principles. 

EconMatters's picture

S&P 500: Earnings Winners, Losers and The Technical

SPX could end the year above 1300

Stone Street Advisors's picture

Analyzing the Popular Proposals for Mortgage Principal Writedowns, Part II

Mortgage principal writedowns may sound like a political panacea, until we consider the effects not only on borrowers, but on banks, and taxpayers, as well...

4closureFraud's picture

State of Delaware v. MERSCORP Inc. | Biden: Private National Mortgage Registry Violates Delaware Law

The suit seeks a civil penalty against MERS of up to $10,000 for each willful violation of the Deceptive Trade Practices Act, as well as restitution to borrowers who were harmed by these violations.

Reggie Middleton's picture

The Banks Have Volunteered (at Gunpoint) To Get 50% of Their Money Taken - No Credit Event???

So, the European joke has come full circle. Indebted nations borrow more money to bail out other indebted nations who ask insolvent banks to cut a 50% off deal on the loans that were given to them, but the insolvent banks will then have to raise capital which the will of course borrow from the over-indebted nations whom they just gave money to. Get it? Problem solved - BTMFD!!!

Phoenix Capital Research's picture

The Greek Deal is Pointless... European Banks Need TRILLIONS in New Capital

With OVER $46 trillion in assets outstanding, this means that European banks would need to raise $1.77 TRILLION in capital to bring their leverage levels down to 13 to 1.  

Pivotfarm's picture

Greek goes to a barber and says…

Finally. With news commentary that involved talk of deadlocks and disagreement on some occasions yesterday. The leaders of the EU have reached an agreement whereby private bond holders of Greek debt will commit to a 50% haircut on those debts, important to note that this is only the case for private sector debt, not total Greek debt.

Pivotfarm's picture

USDJPY 87.18% of traders long!

Retail positioning in USDJPY continues to make new peaks with every day that passes, an all time peak of 87.18% of retail traders being LONG the pair has been reached today.

George Washington's picture

Egyptian Brutality Comes to America: Police Fire Rubber Bullets at Peaceful Protesters

Update: Veterans for Peace member Scott Olsen is in critical condition, with swelling to the brain

testosteronepit's picture

A Dysfunctional System That Bankrupts A Generation

Tuition did it again: up 8.3%. For many students, the increases are even steeper. Student loans cover much of it, though loan balances already exceed $1 trillion. It's the system.

Stone Street Advisors's picture

Analyzing the Popular Proposals for Mortgage Principal Writedowns, Part I

Pundits and politicians argue that widespread mortgage principal reductions for underwater borrowers will not only help "main street" but the economy as a whole.  In reality, such actions are far from a panacea...

ilene's picture

Which Way Wednesday - EFSF'd Up Edition

Even if Europe fixes their mess and China does whatever it is China does to paint their numbers for another few years, it will only serve to swing the spotlight back on this dinosaur of a Nation that is little more than a shell of its former self.

williambanzai7's picture

THe WWF FaRCE 2011 (WiLL iT EVeR eND?)

The World Wide Financial Farce...

Do NOT follow this link or you will be banned from the site!