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One reader sent a link to a Philly.Com article by Joseph N. DiStefano titled Philly effort to keep well-known troubles quiet wins new attention .
Steen Jakobsen, chief economist at Saxo Bank in Denmark has some interesting "stress" charts in this week’s email. click on any chart for sharper image European Demand Deposits Steen writes: "Europe’s depositors – mainly the weak Club Med states (Greece+ Portugal) continue to take money out of the country – even increasing the speed with which they do it." Steen sarcastically added "Sure Mr. Draghi, the ECB has been a great success.
Read More: Philadelphia, 5th Largest City in US is Effectively Bankrupt; Mayor Holds Closed Meeting With Wall Street to Discuss…
Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts
Jet Fuel Usage Q1 2013 Fuel Oil Usage Q1 2013 Residual Fuel Oil Usage Q1 2013 Tim Wallace writes … Hello Mish Here are separate charts for Total Distillates, Gasoline, Kerosene Jet Fuel, Fuel Oil (diesel, etc.) and Residual Oils.
Originally posted here: Demographics in Pictures: Peak Earning (and Peak Spending Years)
Read More: "Wise Men" Propose Theft to Bail Out Banks
What alternatives to “FDIC insured deposits†are out there so we can protect our money? I’m a daily huge fan and thanks for all your wonderful work. Sam P In the US, I do believe deposit insurance will be honored, but it shouldn’t be, at least on interest bearing accounts. And the only way deposit insurance could realistically work on non-interest bearing accounts was if there were regulations that banks could not lend deposits available on demand (checking accounts)
Link if video does not play Faber: Gold Isn’t Down as Much as Apple . Marc Faber on Bloomberg TV on the Fall in Gold Prices "I love the markets
Read more here: Wells Fargo Reports 28% Jump in 401K Borrowing; Reflections on the Economy