May 10, 2013
US Crude Exports to Canada Triple; Brent WTI Crude Spread Lowest in Over Two Years
Bloomberg reports Brent Pressured by U.S. Tripling Crude to Canada
Hard hitting global and local news
Hard hitting global and local news
Bloomberg reports Brent Pressured by U.S. Tripling Crude to Canada
Nikkei up another 3% as Yen Breaks .99; Japanese Bonds Halted; Be Careful of What You Ask Posted by Michael Shedlock at 1:07 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Please consider the inane "Action Plan" for Eurozone Straggler Slovenia . The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts. Moody’s last week cut its rating on Slovenia two notches to "junk", the economy has been in recession since 2011, unemployment stands at 13.5 percent and voters are fed up with their political leaders
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Originally posted here: Self-Serving Recommendation of the Day: Visa Asks Spain to Lower Limit on Cash Transactions
Here are a pair of interesting You-Tube videos on fractional reserve lending sent by reader Magnus who lives in Sweden. Godfrey Bloom Blasts Fractional Reserve Lending as Fraud “The problem that we have is a flawed banking system, a fractional reserve banking system where bankers can lend money they don’t have. If you go back in time in the United States to the 1850s, that was a capital offense
President François Hollande’s popularity has sunk to a new low of 24%. Rather than blame his own policies for the huge rise in unemployment and the lack of competitiveness in France, Hollande pins hopes of fresh start on cabinet reshuffle .
The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an “excessive imbalances procedure” by the end of the month.
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This is a guest post by Ed Ring editor of Union Watch , a project of the California Public Policy Center.