The raw economic truths from the Street. What's the difference between your common street thug or hustler and the K Street/Wall Steet/Central Banker? Read this to find out...
Detroit will be followed by many cities, and this was not hard to see coming, not at all - as exemplified by the ample warnings given not just by me but by at least one other pundit who was derided for her candidness.
Using simply math, it's easy to calculate that the jig is up in Portugal. Between now and this time next year, we'll likely see defaults and/or restructurings.
Don't consider this investment advice, but if you leave your money in this bank after reading this article then your a fool who deserves to lose every euro that gets confiscated. Just my personal opinion, of course.
Tell Angela Merkel that the guy that warned of Bear Stearns, Lehman Brothers AND Anglo Irish of which she laments, is also warning of Anglo Irish Bank among other Irish institutions - all funded by Germans through Irish austerity!
This is a game changer that's puts the power of observational surveillance in the hands of the common man and real time media broadcasting in the hands of the many. Few understand the consequences of what Google is proposing...
My revelations in European banks have resulted in two top level "unexpected" resignations (Irish Central Bank head, RBS CEO). Here I'm shooting for a 3rd at Bank of Ireland!
What do NYU Stern School of Business, world renknown professors of risk and analytics, and BoomBustBlog have in common? Wild horses couldn't drag a penny of our money through the French banking system!
