Tag Archives: Wall Street Journal

Euro-zone Debt Crisis, What Happens When The Core Starts To Rot

By: Raul_I_Meijer While we’re all watching Spain and Greece, their alleged saviors in the rich core of the eurozone are starting to show serious signs of corrosion. This makes all the hollow words and promises coming from the world of troikas … Continue reading

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ECB Will Now Print Money Directly … But Why?

The market has rejected the euro and the EU. Now Draghi proposes to reject the market. In a groundbreaking reversal, he has indicated he will print currency to buy eurozone sovereign debt. Mario Draghi, president of the European Central Bank (ECB), … Continue reading

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ECB to recommend senior bondholders take losses in the event of a restructuring of Spanish bank debt

The European Central Bank refused to comment today on reports that it had recommended senior bondholders should take losses in the event of a restructuring of Spanish bank debt. But two officials with knowledge of the ECB’s thinking said it … Continue reading

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Is Ireland in line for €100bn refund after ECB changes stance on bondholders?

By Namawinelake In the immortal words of Ray Burke commenting on a chance of a receipt for an alleged bung, “is it f*ck” but as fantastical as it may seem, it might be the logical conclusion of taking account of the … Continue reading

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Can The World Survive Washington’s Hubris?

By Paul Craig Roberts June 29, 2012 “Information Clearing House” — When President Reagan nominated me as Assistant Secretary of the Treasury for Economic Policy, he told me that we had to restore the US economy, to rescue it from … Continue reading

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Over Their Dead Bodies

By Bill Bonner The more things don’t change…the more they remain the same. You can quote us on that. On the surface, very little changed in the 2 months we were away. The Dow was about 13,000 in mid-Feb. It’s … Continue reading

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If Yemen Falls, so Does the Dollar Reserve?

Anthony Wile How is it that the world’s fortunes hang on the life or death of a murderous thug that the US has been supporting for 30 years? And why, in fact, if Yemen’s President Ali Abdullah Saleh is so important, … Continue reading

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Rigged Market

Rigged Market: How Latency Arbitrage Picks $3 Billion From Your Pockets By Peter Cohan   If you’re like most people, you want to have some money around when you retire so you can enjoy your remaining years. So you buy mutual … Continue reading

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A Nation of Dropouts Shakes Europe

LISBON—Isabel Fernandes, a cheery 22-year-old with a constellation of stars tattooed around her right eye, isn’t sure how many times she repeated fifth grade. Two, she says with a laugh. Or maybe three. She redid seventh grade as well. She … Continue reading

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