Central banks intensified warnings that Europe’s failure to tame its debt crisis threatens to roil the world’s financial markets and economy as Greece’s election in two days looms as the next flashpoint for investors. Monetary policy makers from the U.K. to Japan and Canada sounded the alert about potential fallout from the single currency bloc’s…
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If China can’t get Inflation up, revolution will Destroy the Chinese kleptocracy
by Newswires • • 0 Comments
The following is excerpted from Bronte Capital: The Macroeconomics of Chinese kleptocracy. China is a kleptocracy of a scale never seen before in human history… China has huge underlying economic growth from moving peasants into the modern economy Every economy that has moved peasants to an export-orientated manufacturing economy has had rapid economic growth… This fast…
Bears Chat, Best of the Forums
Everybody’s Broke! (well mostly)
by Bears Chat at The Wall Street Examiner • • 0 Comments
This is just bad news for the conomy, the weakness being simply profound. Stock indices careening into a huge hole. Bonds prices through the roof! Lower rates mean absolutely nothing for mortgage owners that are underwater on their loan. Epic misery! F…
Bears Chat, Best of the Forums
The Phantom 15 Million
by Bears Chat at The Wall Street Examiner • • 0 Comments
(repost – from back in January)
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STATE OF THE UNION: ECONOMY
The Phantom 15 Million
Taming unemployment starts with solving the mystery of the jobs that were supposed to have been created in the past 10 years but weren…
