|
| "Monetary Shock and Awe": The Fed Prepared to Launch Most Radical Intervention in History |
| 01.09.10 22:29 |
Economics |
| The equities markets are in disarray while the bond markets continue to surge. The avalanche of bad news has started to take its toll on investor sentiment. Barry Ritholtzs "The Big Picture" reports that the bears have taken the high-ground and bullishness has dropped to its lowest level since March ‘09 when the market did a quick about-face and began a year-long rally. Could it happen again? No one knows, but the mood has definitely darkened along with the data. Theres no talk of green shoots any more, and even the deficit hawks have gone into hibernation. It feels like the calm before the storm, which is why all eyes were on Jackson Hole this morning where Fed chairman Ben Bernanke delivered his verdict on the state of the economy on Friday. |
| Mike Whitney |
| |
|
|
| Why the U.S. Need Not Fear a Sovereign Debt Crisis: Unlike Greece, It Is Actually Sovereign |
| 25.07.10 09:49 |
Economics |
| Last week, a Chinese rating agency downgraded U.S. debt from triple A and number one globally, to “double A with a negative outlook” and only thirteenth worldwide. The downgrade renewed fears that the sovereign debt crisis that began in Greece will soon reach America. That is the concern, but the U.S. is distinguished from Greece in that its debt is denominated in its own currency, over which it has sovereign control. The government can simply print the money it needs, or borrow it from a central bank that prints it. We should not let deficit hawks and short sellers dissuade the government from pursuing that obvious expedient. |
| Ellen Brown |
| |
|
|
| Mortgage Madness: Financial Fraud in the Housing Market |
| 27.04.10 09:47 |
Economics |
| Housing has been going sideways for seven months now, mainly due to lax lending standards (at FHA), the Firsttime Homebuyers Credit, and the Feds mortgage-backed securities (MBS) buyback program. But once the props are removed, the market will fall sharply. So wheres the real, organic demand for housing? Heres a hint: There isnt any. |
| Mike Whitney |
| |
|
|
| Fraud on the Street |
| 02.04.10 11:37 |
Economics |
| The Securities and Exchange Commission announced Monday it had begun an inquiry into two dozen financial companies to determine whether they followed accounting practices similar to those recently disclosed in an investigation of Lehman Brothers. |
| Robert Reich |
| |
|
|
| The Role of Gold in the World Monetary System |
| 09.11.09 09:57 |
Economics |
| On 27th August 2009 I wrote an article, “An Appeal To Malaysia’s Prime Minister Cum Finance Minister – Re-Examine the Country’s Strategy For Foreign Reserves”, to urge our Prime Minister to examine the critical need to diversify our foreign reserves, specifically to increase our holdings of gold. |
| Matthias Chang |
| |
|
|
| The IMF to Play Role of Global Central Bank? |
| 06.10.09 17:19 |
Economics |
| “A year ago,” said law professor Ross Buckley on Australia’s ABC News on September 22, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.” |
| Ellen Brown |
| |
|
|
| China pulls the frolicsome hands of the American bankers out of its pocket politely but firmly |
| 23.01.09 22:48 |
Economics |
| Last week the expectations of war between India and Pakistan recovered. The theme of «Just on the point of banging!» is popular among quite prosperous citizens in stable countries. This is a result of the lack of adrenaline. But it is not about that. Of course, the peaceful process on the state of Jammu and Kashmir has been deranged after the attacks in Mumbai. Of course, after the resignation of Musharraf and coming to power of the democratic government Pakistan hardly controls the situation not only in the country, but in Islamabad as well. And the current crisis does not add stability. Of the requested $ 10 billion the IMF has allocated only 7.6 billion to Islamabad, and with its famous conditions. Ms. Rice as usual reproached it with poor care for terrorists. It seems that the division of Pakistan is not far off, if not supported by its army, which is said to consist of the Taliban. |
| Natalya LAVAL warandpeace.ru |
| |
|
|
