There are really only three ways to cripple Wall Street’s democracy-killing concentration of wealth and power: take our money out of Wall Street and the TBTF banks, eliminate private money from elections and abolish Wall Street’s dealer, the Federal R…
EU leaders are actively looking for ways recapitalize European banks in a coordinated plan, according to an FT report. Finance ministers concluded that banks are suffering from funding concerns and that markets will need to be convinced they can withs…
Worried about the Monday open? You probably should be, but really, the S&P downgrade isn’t the big worry.
It’s Italy.
Italy has the third largest bond market in the world (after the US and Japan), and it’s teetering on the brink of disaster.
The …
A Closer Look at Fed Propaganda: Even It Admits That It’s Clueless
“It [the FOMC] felt that “resource slack” would prevent most companies from passing on cost increases. But it also admitted to not having a grip on the mechanisms of price increase!…
