While the liabilities can in theory keep rising for ever within EMU, they signal grave imbalances, such as the North-South trade gap so long ignored until it proved fatal. They ultimately leave debtor central banks deep under water if the eurozone brea…
November U.S. Manufacturing PMI Up, Europe And China PMI Down
by: John Helzer December 1, 2011
Today we had two important concurrent economic indicators released. China’s Manufacturing PMI – two versions (HSBC-47.7 and Official-49.0) and US Manufa…
Italy’s borrowing rates skyrocket for 2nd day
By COLLEEN BARRY, AP Business Writer – 6 hours ago
MILAN (AP) — Italy’s borrowing rates skyrocketed at a bond auction Monday for the second straight business day, as pressure mounted on the eurozone’…
Italy again pays more to borrow
By COLLEEN BARRY, AP Business Writer – 53 minutes ago
MILAN (AP) — For the second time in as many market days, Italy paid sharply higher borrowing rates in an auction Monday, as investors continued to pressure the…
Italy’s Borrowing Rates Skyrocket, Monti Scrambles
By COLLEEN BARRY AP Business Writer
MILAN November 25, 2011 (AP)
Italy’s borrowing rates skyrocketed during bond auctions Friday, temporarily battering stock markets in Europe as the continent’s esc…
Suppressing dissent, transparency and fact inevitably leads to systemic collapse– exactly what we’re seeing in the European financial system.
Fortunately for us, when our immune system identifies a cancer cell, the cancer cell can’t demand to be …
I don’t know a hell of a lot about John Corzine. And what really is or was ‘MF Global?’
But what I do know is that it is difficult for me to see anything like a ‘crisis’ in any of the current metrics surrounding the US Dollar, the euro, and the intere…
Nov 10, 2011
China looks at life after euro
By Antoaneta Becker
BEIJING – If Chinese detractors of liberal democracy and unbridled market development ever needed more fodder for their attacks on the West, then last week’s Greek farce provided plent…
European markets were looking to open -2% or lower, but slowly improved and after the open, it was BTFD frenzy, which is helping goose US futures. Considering the Eurozone is supposed to be the cause of the current financial mess, it sure seems bou…
Democracy is a form of governance that enables a people to rule their nation as they see fit, and it includes lawful actions of civil disobedience such as a general strike as well as elections and referendums.
Greek Prime Minister George Papandreo…