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Chris Martenson Interviews John Mauldin: "It's Time to Make the Hard Decisions"
Submitted by Chris Martenson Back in the 1930's, Irving Fisher introduced a concept called the 'debt supercycle.' Simply put, it posits that when there is a buildup of too much debt within an economy,...
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Greece Politely Declines German Annexation Demands
Following yesterday's frankly stunning news that the Troika politely requests that Greece hand over its first fiscal, then pretty much all other, sovereignty to "Europe", here is the Greek just as...
View ArticleF.A. Hayek On "The Great Utopia"
While it is hardly necessary to provide commentary to one of F.A. Hayek's timeless observations from his book, The Road To Serfdom, rereading the chapter titled The Great Utopia, in this year of what...
View ArticleCost Of Second Greek Bailout Raised To €145 Billion
When the first revision of the second Greek bailout to the tidy round number of €130 billion was announced, we scoffed, mockingly. Because a country which then had a 7% budget deficit, and now has a...
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Obama Bluffs on ReFi?
. In his State of the Union speech, the President said: Millions of innocent Americans have...
View ArticleGoldman's Tom Stolper Conducts Sunday Hitfest On The USD
It is one thing for Tom Stolper to release precious tidbits about what is not going to happen in the future on a weekday - for those we are very grateful. But doing so on god's (or is that Goldman's)...
View ArticleIt's Official: German Economy Minister Demands Surrender Of Greek Budget...
While over the past 2 days there may have been some confusion as to who, what, how or where is demanding that Greece abdicate fiscal sovereignty (with some of our German readers supposedly insulted by...
View ArticleIn Landmark Case, Greek Court Writes Off Employed Bank Customer's Debt
Think filing for bankruptcy is the only way to get debt discharge? Think again, at least in Greece. While previously we have reported that Greek courts had written off "untenable" debts of unemployed...
View ArticleJapanese Population To Shrink By One Third, Size Of Workforce To Plunge In...
Japan recently made waves with the news that its total debt would hit north of one quadrillion yen over the next several months: a number greater than the GDP of the entire Eurozone. Yet the one saving...
View ArticleHow to Prepare For the Coming Global "Write Off" on Social Programs and...
Graham's note: The following is an excerpt from my latest Private Wealth Advisory. The coming years will be marked by a seismic change in the economic landscape in the US. Firstly and most...
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Yields Plunge Most In 3 Months As Equity-Debt Divergence Remains
The Treasury complex is seeing yields (and curves) compress dramatically today. With 5Y at all-time low yields and 30Y rallying the most in three months, the divergence between stocks and bonds appears...
View ArticleFannie Mae, Freddie Mac Shown as Mortgage Market Predators
Got an interesting note from Chris on the Berlin-DC-LA mortgage thread this AM. Confirms my view that the housing GSEs are feeding off lower income borrowers. -- Chris Thought you might be interested...
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San Francisco Fed Admits Bernanke Powerless To Fix Unemployment Problem
That the fine economists at the San Fran Fed are known to spend good taxpayer money in order to solve such challenging white paper conundrums as whether water is wet, or whether a pound of air is...
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MF Global: A Despicable State of Affairs
MF Global: A Despicable State of Affairs Courtesy of Jesse's Americain Cafe Much of the financial press picked up this story from the Wall Street Journal, Money From MF Global Feared Gone. "Nearly...
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Europe’s Banks Afloat on Dwindling Credibility
Sometimes it’s impossible to tell whether the financiers and politicians who carry water for the central banks are bad liars or just clueless dolts. A bureaucrat from the U.K. surfaced in the Wall...
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ESM, EFSF, Or EB. Will Any Of It Work?
Via Peter Tchir of TF Market Advisors, It appears that the market is cheering the move that the ESM will be implemented sooner than originally expected. That would be good if the ESM was materially...
View ArticleCommerzbank CEO Says Greece Should Exit Eurozone
As if Merkel did not make it all too clear over the weekend that Germany no longer wishes Greece to be part of the Eurozone, and that the ball is now in Athens' court to accept what is a glaringly...
View ArticleGood Gendarme: Recently Downgraded France Opposes German Demands For Greek...
Whowouldathunk it - beggars can be choosers. The country which just slashed its economic outlook, and which depends on GermAAAn capital and goodwill to preserve its well-being in the Eurozone, has just...
View ArticleVan Rompuy Barroso Sarkozy Live Press Conference - Webcast
Can't get enough of gravitationally-challenged presidents and Gollum wannabes? Then this webcast is for you. Oops, looks like no Sarko, just that D-grade actor Barroso. Oh well - both are completely...
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