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Frontrunning: November 21
- China Fears Lasting Worldwide Recession (FT)
- Grand deficit-cutting effort ends with whimper (Reuters)
- Global Economic Outlook Grim, China Tells U.S. Trade (Reuters)
- U.S. Billionaires Avoid Reporting Gains to IRS (Bloomberg)
- Deutsche Bank Could Transfer Contagion (Simon Johnson)
- Some BOJ Members Warned of Lehman Crisis-Type Shock (Reuters)
- Spain's Rajoy Triumphs With Big Election Majority (Reuters)
- Commission Proposes ‘Eurobonds’ (FT)
- Greek PM Heads for Brussels to Try to Secure Cash (Reuters)
- Cameron and Merkel Edge Closer on EU Reform (FT)
- IMF Talks May Avert Hungary Credit Downgrade (Bloomberg)... or not
European economic highlights:Eurozone Current Account n.s.a. -2.5B. Previous -6.3B. Revised -7.2B.
- Eurozone Current Account s.a. 0.5B. Previous -5.0B. Revised -5.9B.
- Switzerland Money Supply M3 for October 8.2% y/y. Previous 8.2% y/y. Revised 7.9% y/y.
- UK Rightmove House Prices for November -3.1% m/m 1.2% y/y. Previous 2.8% m/m 1.2% y/y.
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http://mikenormaneconomics.blogspot.com/2011/11/egyptian-military-using-american-police.html
China Fears Lasting Worldwide Recession
Damn! Bumma, Bernank and Geithner were only saying confidently a couple of months ago the recovery was here and pulling like a train (that bankrupt subsidised no-hope transport system backed by Warren Buffet)
What happened to $Timulus by the way... have i missed it working? ..or are the benefits on their way?
Grand deficit-cutting effort ends with whimper
Damn again! ...all our political superheros in capes and spandex tights on 'Super Committee' came out empty handed. What a super flop.
So CONgress, the Senate, the US President and Super Committee are all fuking useless... while the country crumbles sucked dry by the US Govt at least Washington property will keep its value and recession-proof public sector economy intact
Anyone get a strong whiff of the last days of the Roman Empire politicos living in luxury LaLa Land while the country burns?
Some BOJ Members Warned of Lehman Crisis-Type Shock
Daaamn!
If they'd only taken Tiny Tims advise and printed more counterfeit wealth... 20 years of funny money pumping hasn't done the trick in Japan, Tim thinks Year 21 will really be the game changer
And look at the EU. If only they'd leveraged the Eurzone Financial Suicide Fund eh? ...Tiny only needs to tell the ECB how to leverage the EFSF with nothing/€0.00 in it and we're off to the races of economic recovery again
How's global economic genius Tiny Tim doing in America anyone know???
Life is looking more road warrior like everyday.
you mean roadkill