Reposted from The Truth About JP Morgan’s $2 Billion Loss – Washington’s Blog, with our thanks. On-site permission posted. Must-Read Background Before we can understand what’s…
via Misery builds for the euro zone | Reuters. The euro zone economy worsened markedly in April, according to business surveys that clashed with the prospect…
BloombergSantander and BBVA Among 11 Spanish Banks Downgraded By S&PBloombergStandard & Poor's cut its credit ratings for 11 Spanish banks, including Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA, citing “potentially neg…
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…
“Don’t envy the super-rich, they are miserable,” writes the Wall Street Journal’s Robert Frank, author of “Richistan.”
Seriously, even if the American dream is dying for the vast majority of A…
NEW ORLEANS — Nearly six years have passed since Hurricane Katrina drowned New Orleans in misery, but many residents haven’t forgiven the Federal Emergency Management Agency for its sluggish response to the storm. Now another delayed reaction by FE…
What got us here?
What policies were implemented—decisions made—actions taken—which would set us on such a path to oblivion? Because that is our ultimate destination—oblivion. It’s coming to the American economy—and American society—a…
Link from “Foreign Policy”
“When big-thinkers at companies with the most skin in the energy game are behind closed doors and they discuss how the world really looks going forward, do they say that there are bumps in the road but that things will be fi…
