Posts Tagged ‘ Politicians ’

As Europe’s Debt Crisis Grows, ‘The Street Has Taken Control’ – CNBC.com

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May 23, 2012
As Europe’s Debt Crisis Grows, ‘The Street Has Taken Control’ – CNBC.com

IBTimes.co.ukAs Europe's Debt Crisis Grows, 'The Street Has Taken Control'CNBC.comThere's a new phrase being used to describe Europe's financial crisis: “the street has taken control.” Coined during the Latin American debt crisi...
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How the Euro Crisis Will Affect You – Daily Beast

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May 21, 2012
How the Euro Crisis Will Affect You – Daily Beast

Daily BeastHow the Euro Crisis Will Affect YouDaily BeastAmericans tend to think (and are encouraged by politicians to think) of the European crisis as a debt crisis. Governments overspent, got into debt, and now the day of reckoning is at hand. Yet th...
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Greek exit talk edges euro towards tipping point – Full Story

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May 20, 2012
Greek exit talk edges euro towards tipping point – Full Story

Greek exit talk edges euro towards tipping point (via AFP) Greece could be weeks from a euro exit crunch as an electoral revolt against EU austerity and a run on banks nudges the debt-laden eurozone towards a long-predicted tipping point. Politicians tired of paying an electoral price for multiple rescues have begun talking down...
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FITCH cuts Greece rating on risk of euro zone exit – Reuters

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May 17, 2012
FITCH cuts Greece rating on risk of euro zone exit – Reuters

Moneycontrol.comFITCH cuts Greece rating on risk of euro zone exitReutersNEW YORK May 17 (Reuters) - Fitch Ratings Agency downgraded Greece's credit rating to CCC from B-minus on Thursday, citing the heightened risk that the country might have to l...
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Stronger dollar drives oil prices lower (via AFP) Full Story

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May 14, 2012
Stronger dollar drives oil prices lower (via AFP) Full Story

Stronger dollar drives oil prices lower (via AFP) Oil prices slid Monday as the dollar strengthened against the euro on mounting worries over Greek politicians’ inability to form a government. New York’s main contract West Texas Intermediate crude for delivery in June closed at $94.78 a barrel, down $1.35 from Friday. Earlier the benchmark...
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Elizabeth Warren: ‘That’s the strongest argument for a modern Glass-Steagall’ – The Washington Post

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May 14, 2012

Ezra Klein interviews Elizabeth Warren- who chaired Congressional oversight panel on TARP and who is now running for the Senate in Massachusetts. EK: I agree that complexity is where lobbyists and lawyers work their dark magic. But when I talk to people in the industry about this, they say that simple rules sound great,...
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As European Austerity Ends, So Could the Euro – Bloomberg

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May 14, 2012

The euro currency is a malady that condemns at least a generation of Greeks, Italians, Spaniards, Portuguese and Irish to the economic infirmary. In these nations, unemployment rates are now at their highest levels in recent decades, and there are few prospects for recovery in sight. The economists and politicians who created the system...
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Asian markets mixed but Europe fears weigh – Sydney Morning Herald

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May 14, 2012
Asian markets mixed but Europe fears weigh – Sydney Morning Herald

AsiaOneAsian markets mixed but Europe fears weighSydney Morning HeraldAsian markets were mixed in afternoon trade on concerns over political uncertainty in Europe, where Greek politicians remain unable to form a government and Angela Merkel's party...
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Will BSkyB’s viewers turn on and tune in or drop out? – Telegraph.co.uk

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May 2, 2012
Will BSkyB’s viewers turn on and tune in or drop out? – Telegraph.co.uk

Telegraph.co.ukWill BSkyB's viewers turn on and tune in or drop out?Telegraph.co.ukBSkyB is in fine fettle. Or at least it would be if you were able to separate the savaged reputation of its biggest shareholder, News Corporation, from its underlyin...
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Got an Edge?

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May 2, 2012
Got an Edge?

The 1st Q reserve numbers for the Swiss National Bank tell an interesting story. For a second quarter in a row, the foreign reserves have declined. There is only one way that this could have happened; the SNB offloaded a portion of the EURCHF posit...
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New CBO report – Lower (not increase) the early retirement age!

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January 15, 2012
New CBO report – Lower (not increase) the early retirement age!

At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry R...
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Habituating to Contraction

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January 13, 2012
Habituating to Contraction

The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed nothing. Contraction is replacing expansion as the new normal. For the past 67 years, Americans have been conditioned to expe...
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Ponzi Planet: The Danger Debt Poses for the Western World

Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable -- or unwilling -- to do anything about it. It is a global disaster that threatens the immedi...
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Super Rich vs 99% – Class War Will Explode

Forget politics. The 99%, the Occupy Wall Street movement, is not about politics. But politicians don’t get it yet. The Dems sure don’t. And while Bill O’Reilly says the movement is already dead, insider Frank Luntz thinks OWS is not only very...
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The Debt Walkers Strike Back

Ilargi: It's very simple, but maybe that's the problem. For all I know it's just too simple for people to see. There's a group of people, and it's tempting to call them the 1%, but they’re not really, since there’s politicians in there too who ...
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How will MSM spin a failed Black Friday?

Obviously, Black Friday will be a failure. Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen...
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Biggs revises opinion on economy

November 21, 2011 6:39 pm Biggs revises opinion on economy By Dan McCrum in New York Barton Biggs, the veteran strategist and investor, has warned that he was too optimistic on the prospects for economic recovery and that the outlook for the US stoc...
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Supercommittee failure ‘may trigger US downgrade’

Economists are warning of dire consequences if US politicians fail to make progress this weekend in tense talks aimed at reducing America's massive deficit ahead of a Wednesday deadline. Supercommittee failure 'may trigger US downgrade'
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The Class War Has Begun

Coverage increased and politicians ran for cover. Mayor Bloomberg, who had initially (and preposterously) portrayed the occupiers as a threat to the financial industry’s lower-income service workers, gingerly observed that some unspecified “people...
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Why Politicians Don’t Want To Touch the Housing Crisis

Barack Obama would have you believe that Mitt Romney is a heartless zillionaire who doesn't think the government should do anything about Americans losing their homes to foreclosure. Romney would have you believe that the foreclosure problem is yet ...
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U.S. Underclass to serve U.S. Ruling Class Forever

Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment. ...
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Elizabeth Warren — The Woman Who Knew Too Much

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Are the GOP and DEMS really this stupid?

I was struck by the irony of the GOP's populist threats against the FED, and the DEMs support of the FED. I for one do not think that politicians are a stupid as most people think they are. They have been doing exactly what they need to do to get r...
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Our Economic Recovery has been Hijacked

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September 13, 2011
Our Economic Recovery has been Hijacked

Money Morning Chief Investment Strategist Keith Fitz-Gerald joined CNBC Asia's "Squawk Box" program to discuss U.S. President Barack Obama's new jobs proposal. President Obama is in a tough spot, trying to get approval ...
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Struggling witha Great Contraction

Now consider, against this background of continuing fragility, how people view the political scene. In neither the US nor the eurozone, does the politician supposedly in charge – Barack Obama, the US president, and Angela Merkel, Germany’s chancell...
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Time to Say It: Double Dip Recession May Be Happening

August 4, 2011 Time to Say It: Double Dip Recession May Be Happening By FLOYD NORRIS Double dip may be back. It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happen...
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Chaos Dead Ahead

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July 29, 2011
Chaos Dead Ahead

Russ Winter of Winter Watch joins the Wall Street Examiner’s Lee Adler as they discuss the potential for political and financial catastrophe in the days ahead. Lee says that a failure to raise the debt ceiling will result in economic chaos, and that’s just what certain politicians want. Russ argues that they are not...
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The Debt-Ceiling Debacle: Another Way Politicians Could Ruin America

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July 29, 2011
The Debt-Ceiling Debacle: Another Way Politicians Could Ruin America

John Powell is worried - perhaps even scared.

Powell has watched the whole debt-ceiling debacle unfold down in Washington. He knows that our elected officials literally hold this country's future in their hands. He also knows that our leaders love nothing more than to squander opportunities and...
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Cost-Cutters, Except When the Spending Is Back Home

July 19, 2011 Cost-Cutters, Except When the Spending Is Back Home By RON NIXON WASHINGTON — Freshman House Republicans who rode a wave of voter discontent into office last year vowed to stop out-of-control spending, but that has not stopped several ...
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