Hard hitting global and local news
Excerpt from: Ten Reasons for Declining GDP Growth Over Time; Analysis of Various GDP Deflators
More: Big Brother in Action: EU Wants Power to Sack Journalists; Prime Minister Rajoy Threatens Newspapers Following Corruption Articles
China Averts $482 Billion in Local Bank Defaults via Massive Rollover Scheme; Extend-and-Pretend Chinese Style The Chinese banking system is insolvent. Of course, the entire global banking system is insolvent, but today’s spotlight is on China. Please consider China averts local government defaults .
See original article: "We Are Going To Kill The Dollar" Says Obama Senior Official; When, How, Asks Mish
Iceland Wins! "Icesave" Lawsuit Dismissed, Court Orders EC and EFTA to Pay Costs Posted by Michael Shedlock at 12:09 PM 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 France ‘totally bankrupt’, says labour minister Michel Sapin . France’s labour minister sent the country into a state of shock on Monday after he described the nation as “totally bankruptâ€.
Read the article: Debt Grows at Astonishing Rate Even in Texas; A Roadmap to Better; "It’s Your Money"; Infinite Amortization…
Here is a chart from the Telegraph article UK heads for triple dip as GDP contracts 0.3pc to consider. Double Dip? The blue rectangles are mine.
While pondering what Dragi knew or didn’t, let’s turn our focus on actual losses. Reuters reports Monte Paschi Shares Plunge on Derivative Loss Fears Shares in Banca Monte dei Paschi di Siena, Italy’s third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009
While pondering what Dragi knew or didn’t, let’s turn our focus on actual losses. Reuters reports Monte Paschi Shares Plunge on Derivative Loss Fears Shares in Banca Monte dei Paschi di Siena, Italy’s third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009