Tag: chrome

Can Greece Print Euros? No, Not Really; Parallel Currencies Now in Use
July 6, 2015 0

Can Greece Print Euros? No, Not Really; Parallel Currencies Now in Use

By News Desk

The Guardian discusses practical math in With a Return to the Drachma Unwanted, Could Greece Just Print its Own Euros? It is certainly physically capable of doing so: the Greek central bank owns a press in Holargos, a suburb of Athens, that once printed drachma and is currently one of 14 high-security currency printing works across the eurozone producing euro banknotes. But actually going ahead and printing unauthorised notes would amount to a declaration of war on the European Central Bank.

China Attempts to Prop Up Stock Market After Steep Declines; 1929 Flashback
July 6, 2015 0

China Attempts to Prop Up Stock Market After Steep Declines; 1929 Flashback

By News Desk

Also consider Investors Still Not Convinced by Beijing’s Bid to End US$2.8 Trillion Market Rout . The brevity of a relief rally on Monday morning shows investors are yet to be convinced by the slew of measures announced after a weekend meeting of the State Council, China’s cabinet, chaired by Premier Li Keqiang.“Senior policymakers realise that, because of the leverage in the system, stock market declines create a ripple effect that could damage the wider economy, so this is all about preventing a spreading panic that could trigger a systemic crisis,†Lu Ting, head of research at Hong Kong-listed mainland brokerage HTSC, told the South China Morning Post. An initial 7 per cent rally for Shanghai and Shenzhen A shares in response to measures that included liquidity support for the state-backed margin lender China Securities Finance Corporation from the central bank had faded by the lunch break, with the Shenzhen Composite Index falling back into negative territory

Overwhelming "No" Vote; The Way Forward; Congratulations!
July 5, 2015 0

Overwhelming "No" Vote; The Way Forward; Congratulations!

By News Desk

Instead, Greece Heads for Decisive No Vote . With 85 per cent of votes counted, the No camp had won 61.5 per cent and was leading in every region of the country, a remarkable political exploit by Greek prime minister Alexis Tsipras. But it is also likely to plunge Greece deeper into turmoil as it tries to prevent the collapse of a financial system that is rapidly running out of cash.“As of tomorrow, with this brave ‘No’ vote, we will call on our partners to find common ground,†said Yannis Varoufakis, Greek finance minister

US To Begin Invasion of Syria
June 26, 2015 0

US To Begin Invasion of Syria

By News Desk

US To Begin Invasion of Syria US policymakers sign and date paper calling for the division, destruction, and US occupation of Syria.  June 26, 2015 ( Tony Cartalucci – NEO ) – Unbeknownst to the general public, their elected politicians do not create the policy that binds their national destiny domestically or within the arena of geopolitics. Instead, corporate-financier funded think tanks do – teams of unelected policymakers which transcend elections, and which produce papers that then become the foundation of legislation rubber stamped by "legislators," as well as the enumerated talking points repeated ad naseum by the corporate-media. Such a policy paper has been recently written by the notorious US policy think-tank, the Brookings Institution, titled, " Deconstructing Syria: Towards a regionalized strategy for a confederal country ." The signed and dated open-conspiracy to divide, destroy, then incrementally occupy a sovereign nation thousands of miles from America’s shores serves as a sobering example of how dangerous and enduring modern imperialism is, even in the 21st century

Fed Lift-Off or Crawl-Off?
June 17, 2015 0

Fed Lift-Off or Crawl-Off?

By News Desk

The Wall Street Journal reports Fed Signals Rate Hikes at a Gradual Pace The Federal Reserve signaled it was moving toward interest-rate increases later this year now that signs of a slowdown in economic activity are waning, but the path of rate increases could be less steep than officials anticipated. The last time the Fed made such projections, its consensus appeared to be building around two rate increases this year

Housing Starts Decline 11.1%, Underperform Economists’ Expectations, Still Labeled "Solid"; GDPNowcast Ticks Down 0.1%
June 16, 2015 0

Housing Starts Decline 11.1%, Underperform Economists’ Expectations, Still Labeled "Solid"; GDPNowcast Ticks Down 0.1%

By News Desk

Housing Starts Decline 11.1%, Underperform Economists’ Expectations, Still Labeled "Solid"; GDPNowcast Ticks Down 0.1% Housing starts underperformed the Bloomberg Econoday Economists’ Consensus Estimate enough for the Atlanta Fed GDPNow Forecast to give back the 0.1% it gained yesterday, yet the report is still considered "solid". Don’t let the headline fool you, the housing starts & permits report points to solid strength for the housing sector.