Hard hitting global and local news
At an economic conference at the Philadelphia Fed, academics gathered to discuss fixing the banking system, including ending fractional reserve lending. The video is quite entertaining to say the least. Professor Jeffrey Sachs of Columbia University really lays into the banking system a few minutes into the recording
I am pleased to announce that the Wine Country Conference speaker presentations, along with the Yahoo! Finance media interviews and associated articles on Advisor Perspectives are now available online at Wine Country Conference Speaker Slides . Additionally, we are releasing an edited video of each of the speaker presentations. John Hussman’s presentation ” An Unstable Equilibrium ” is now available.
Read the original: Italy Presidential Election Still Deadlocked; Political Posturing in Perspective
(Photos) Seen across street after blasts talking with FBI bomb squad.
CNBC picked up the story in Reinhart-Rogoff Error Sparks Austerity Debate .
Germany approved the Cyprus bailout on Thursday as expected. However, Merkel required votes from the SPD and Green Party, to do so. One might not understand the implications when reading the Wall Street Journal report Germany Approves Cyprus Bailout .
In Swiss law, private citizens can put forth any initiative that can gather 100,000 signatures. A campaign by the Swiss People’s Party to ” Save our Swiss Gold ” gathered 106,052 signatures so a vote will be coming up.
Read this article: Spain’s Community Debt Tops €42 Billion as Unpaid Bills Mount; Madrid Worst Offender
Velocity is at a six decade low No signs suggest credit creation is turning more productive Debt Constrains Growth Commodities are down 20% in the last two years By Lacy’s definition, the Fed is "not printing". By mine, the Fed is. Bernanke says one thing on one occasion and humorously denies it the next.
The New York Times in their article titled, " Arms Airlift to Syria Rebels Expands, With C.I.A. Aid ," admits that: With help from the C.I.A., Arab governments and Turkey have sharply increased their military aid to Syria’s opposition fighters in recent months, expanding a secret airlift of arms and equipment for the uprising against President Bashar al-Assad, according to air traffic data, interviews with officials in several countries and the accounts of rebel commanders