January 23, 2014
State Bank Nonsense from Ellen Brown Revisited
Continue reading here: State Bank Nonsense from Ellen Brown Revisited
Hard hitting global and local news
Hard hitting global and local news
Continue reading here: State Bank Nonsense from Ellen Brown Revisited
Originally posted here: China Abandons Disastrous Cotton Stockpiling Program; Lessons Not Learned; What About Stockpiling Money?
Via translation from Les Echos , please consider Air Traffic Controllers Strike Again in Late January Air traffic controllers are on strike from January 27 to 31, with a black day 29. They oppose a proposed Brussels lower royalties. Three months after strike against the plans of the European Commission for the "Single European Sky", the French air traffic controllers will strike again, for the same reasons, from 27 to 31 January
See the article here: Highland Park Michigan Skids Towards Bankruptcy, Public Union Pensions to Blame as Usual; Fifth Third Bank…
French Banks Face €285 Bn Capital Shortfall, Germany €199 Bn, Spain €92 Bn; Mish French Fine Update At the risk of incurring another nonsensical fine for quoting someone on leverage and capital ratios of French banks, please consider European Banks Face $1 Trillion Gap Before Review . European banks have a capital shortfall of as much as 767 billion euros ($1 trillion) before the European Central Bank’s probe into the financial health of the region’s lenders, according to a study. French banks show the biggest gap of 285 billion euros, followed by German lenders with as much as 199 billion euros, Sascha Steffen of the European School of Management and Technology in Berlin and Viral Acharya at New York University said in their study dated Jan.
Greece Will Default in May Without Another Bailout or Change in Terms Cash flow analysis shows Greece is in serious trouble again in spite of having a current account surplus. Specifically, Greece needs a change in payback terms or another bailout or it will default in August, if not May. I use the words "will default" imprecisely.
Continue reading here: Canada Housing Bubble: Far Too Late for Warnings; Rule of Predictions
Via translation from El Economista please consider Most of the public debt held by banks not penalized in the stress test . What looked like was going to be a strict stance of the European Central Bank (ECB) regarding sovereign debt portfolios of financial institutions, is not so
Excerpt from: Gallup Poll: #1 U.S. Problem is Government, the Economy is #2
Retirement Sunset Math: Number of Employed vs. Population Over Time Posted by Michael Shedlock at 1:43 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.