Hard hitting global and local news
The IMF staff told the board of directors Greece Disqualified from New IMF Program .
See the article here: GDP Bounce: Disappointing Mixed Bag of Expectations and Revisions; Where to From Here?
Fed Sheds No Light, Plays Charades with Media; Tiptoe Balancing Act Fed Says Little, Sheds No Light If the Fed had a clue as to what it will do in September, it likely would have said so. Instead, it reiterated the same hash we have been hearing for years. Here is the complete text of today’s FOMC Press Release
See more here: Another Bridge Loan Likely as Greek Talks Break Down; Shocked Over Parallel Currency Plans? Why?
Actually, regulators were never in control in the first place. It only appears that way when things are going well. Shorts Not the Problem Shorts are not the problem here
As if there is not too much government and too many meetings already, Hollande Calls for the Creation of a Euro Zone Government . French President Francois Hollande called on Sunday for the creation of a euro zone government and for citizens to renew their faith in the European project, which has been weakened by the Greek crisis. Reviving an idea originally put forward by former European Commission chief Jacques Delors, Hollande proposed " a government of the euro zone (with) a specific budget as well as a parliament to ensure its democratic control "
On January 21, in response to the surprise cut, I wrote Canadian Recession Coming Up: Yield Curve Inverts Following Unexpected Rate Cut; Loonie at Six-Year Low . In that post I awarded Canada the "Blue Ribbon" for the first yield curve inversion of any major country following the great financial crisis
This month, Emanuel rewarded those technology companies with a 9% Cloud Tax on Online Movies, Music, Game, Real Estate Data Feeds . Streaming data? Movies
Follow this link: Bailout Fallout: Juncker Lies to Cameron in Revival of EFSM; British Taxpayers Protected in Final Deal
Bailout Fallout: Juncker Lies to Cameron in Revival of ESM; British Taxpayers Protected in Final Deal In 2010, Jean-Claude Juncker, current European Commissioner president, made a pledge to UK Prime minister David Cameron, to never again use the ESM to bail out another eurozone country. Cameron’s concern was that he did not want to put British taxpayers at risk for eurozone sponsored bailouts.