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Original post: "Last Try" in Greece Before Capital Controls: Then What? Best Case Scenario for Greece
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Final Forced Exchange Rate: 175 Quadrillion Zimbabwean Dollars (175,000 Trillion) = $5.00 For bank account holders in Zimbabwe, the government will do a forced exchange of Zimbabwean dollars to US dollars at the rate 175 Quadrillion Zimbabwean Dollars Per $5.00 . The Zimbabwean dollar will be taken from circulation, formalizing a multi-currency system introduced in 2009 to help stem inflation and stabilize the economy
Read more here: Steen Jakobsen: US Credit Cycle Peaked, Zero Growth Coming to Europe, Gold 1425 by Year End
Seven Charts Explain Why Chicago Bonds Rated Junk Looking for a reason Chicago bonds are rated junk?
More: Volcker Sounds Alarm Over States’ Budget Gimmicks, Pension Assumptions
Thursday afternoon, we learned Athens to Delay IMF Repayment . Of course " Don’t worry about that " is quite different than " yes ". A skillful politician frequently appears to say something significant without saying anything at all.
More: Nonfarm Productivity Collapses Greater Than Expected 3.1%, Unit Labor Costs Rise 6.7%; Transitory Weakness?
View original post here: About that Trade Deficit "Improvement"