Hard hitting global and local news
Panic! In my previous post Desperation Bazooka Tactics; Gold Soars Following Huge Headfake , I mentioned " This seems like desperation bazooka tactics.
Read More: China’s Shadow Banking System Collapses Exposing Numerous Ponzi Schemes; Implosion Reaches Critical Mass
See original article: Why OMT Cannot Possibly Solve Anything; Monti Warns Italian Unions; Over 200,000 Jobs at Risk; Italy’s Insane…
The Wall Street Journal reports Talk of Debt Restructuring Under New Program ‘Not on Table’ The European Central Bank won’t discuss potential write-downs on debt bought under its new bond-buying program, ECB executive board member Joerg Asmussen said Tuesday.
Continue reading here: China’s Xi Vanishes; Where is the Man Rumored to Lead China Next Month? China Having Second Thoughts?…
Read More: German Constitutional Court Approval of ESM Not a Done Deal; Draghi’s Fatal Mistake?
Continue reading here: Chicago Teachers Vote to Strike; 350,000 Kids Affected; 16% Raise Over 4 Years Not Good Enough; Strike…
Excerpt from: Japan’s Revised GDP Growth Cut in Half; Current Account Surplus Down 41% to $8 Billion; Mathematical Impossibilities
Read this article: No One Happy Except Stock Market; Discord Emerges in Spain, Italy, Germany to ECB Announcement