Tag Archives: Reuters

Elite View: The Yo-Yo Economy

Euro zone rot spreads to Germany, China mending … The euro zone’s biggest member Germany is being sucked into the bloc’s worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating. The … Continue reading

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Let Central Banking Lose Its Franchise, Not Its Independence

At Jackson Hole, a growing fear for Fed independence … Increasing political encroachment on the Federal Reserve, particularly from the Republican Party, could threaten the central bank‘s hard-won independence and undermine confidence in the nearly 100-year old institution. That was … Continue reading

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U.S. Bond Market, The Greatest Hoax Ever Perpetrated on Mankind

By: Rob_Kirby A few years ago, when J.P. Morgan grew their derivatives  book by 12  Trillion in one quarter[Q3/07] – I did some  back of the napkin math – and figured out how many 5 and 10 year bonds the  … Continue reading

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Treasuries and Derivatives Blow Up? So Where Do You Go …

By Anthony Wile (Daily Bell) Here’s some interesting news along the lines of “man bites dog.” According to a recent Reuters article, US financial advisors are actually growing leery of US Treasury bonds. This is almost unheard of and one … Continue reading

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Spain’s Collapse is No Little Thing

By the Daily Bell S&P cuts Spain’s credit rating by two notches to BBB+ … Standard & Poor’s cut Spain’s sovereign debt rating Thursday by two notches, warning that the government’s budget situation is worsening and that is likely to have … Continue reading

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Creating More Debt to Solve the Crisis

By Bill Bonner Readers who expect an early end to this Great Correction are going to be  disappointed. There is no sign of it reaching its conclusion anytime soon. Just  the contrary…there’s no end in sight. The Great Correction seems … Continue reading

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Europe plots deep Greek writedown

A draft statement from an emergency euro zone summit on  Wednesday, obtained by Reuters, outlined two options to leverage the 440 billion  euro ($600 billion) fund designed to shore up heavily indebted states and thwart  market attacks.If the draft is adopted with … Continue reading

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Wider consequences of Japanese’s radiation fallout to be expected?

 By Chisa Fujioka TOKYO | Fri Jun 17, 2011 4:12pm IST TOKYO (Reuters) – The operator of Japan’s crisis-hit nuclear power plant said it would start an operation to clean up radioactive water later on Friday, after several glitches that delayed … Continue reading

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China Demands American Austerity

With the free flow of information the internet helps to maintain I can’t see the Fed just continuing to print money anymore As more and more people around the world see the livening standards they have compared to the average American ,they will start to demand change .The days of America spending as much as it likes and expecting the rest of the world to pay their bills is fast coming to an end .A new reserve currency is badly needed but what are we going to end up with and more importantly who is going to control it is the real question. What will stop the new masters of the new reserve currency from doing the same thing?
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So there you have it .Greece is defaulting.

Greece has agreed in principle a new bail-out package with its European partners in Vienna, according to a source cited by the Reuters agency. The new three-year plan will supersede Greece’s existing 110bn euro ($159bn, £97bn) EU and International Monetary Fund … Continue reading

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