Greece wants tax cuts, extra help for the poor and unemployed, a freeze on public sector lay-offs and more time to cut its deficit under…
How, in a democracy supposedly based on one person one vote, could the 1 percent could have been so victorious in shaping policies in its interests? It is part of a process of disempowerment, disillusionment, and disenfranchisement that produces low vo…
Wisconsin recall: a big deal for GOP conservatives, not just Scott Walker (via The Christian Science Monitor) For Gov. Scott Walker, Wisconsin’s Tuesday’s recall election…
On May 10 2012, the yield on the German 10-year bund was 1.44 per cent, on the US 10-year Treasury was 1.85 per cent and on…
“If society consumed no energy, civilization would be worthless. It is only by consuming energy that civilization is able to maintain the activities that give it economic value. This means that if we ever start to run out of energy, then the value…
There will be more details tomorrow, but it sounds like the next installment will happen in early October. This probably means a large number of public sector layoffs will be announced very soon.
http://www.calculatedriskblog.com/2011/09/report-on-gre…
Boy, we just adverted a government shutdown, hell is breaking loose in Wisconsin (etc), public sector worker jobs are being slaughtered, new house sales at record low. So of course, super bullish numbers come out.
Remember the old rule, the more bull…
Road map that brings shadow banking out into the open
Shadow Banking; FRB of New York Staff Report no 458
This week, a senior banker friend gave me a poster that had been created by downloading a chart recently produced by economists at the New York…
17:12 CSCO Cisco Systems on Conference Call for Q2 expect revs in 3-5% y/y; op margins in the range of 23-25%; EPS $0.32-0.35; Thomson Reuters consensus $0.42 -Update-
17:11 CSCO Cisco Systems follow up: CSCO is now trading at 21.82, -11%, a…
In Monday’s news, the Treasury announced that it would sell a 303 day CMB this week, bringing new paper to be added this week from…