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Tag Archives: Wall Street Journal
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
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
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
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
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
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
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
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