March 25, 2013
Merkel’s Vision: "United States of Germany"
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Hard hitting global and local news
Hard hitting global and local news
More: Merkel’s Vision: "United States of Germany"
Bad Bank Losses 30-90%; Food Supplies Down to Two Days; Plenty of Fuel, Not enough Cash Capital controls and a good-bank, bad-bank structure is what is now on the table.
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New Demands Every Half-Hour From IMF; Can Cyprus Be Saved? Impossible Math Cypriot President Nicos Anastasiades was picked up by private Jet and is now meeting with the cardinals in Brussels (IMF, EU finance ministers, ECB, Various Government leaders) according to Cyprus Mail .
Sticking with his economically insane campaign promise to construct 500,000 new homes in 2013, Hollande Announces 20 Measures to Support Home Building . Advocating a “confidence shock” to revive the building “against the Emergency Economic, social and environmental” the head of state has shown its desire to remove “all obstacles to construction”, while there was about 340,000 starts of new homes in 2012, below the target of 500,000.
The understatement of the day comes from Fed chairman Ben Bernanke who essentially says: I’m Dispensable . “I don’t think that I’m the only person in the world who can manage the exit,” Bernanke said when asked at a news conference in Washington if he’s discussed his plans with President Barack Obama. What Bernanke said is best translated as ” I’ll get while the gettin’ is good.
Flash Eurozone PMI Composite Output Index at 46.5 (47.9 in February). Four-month low
Le Monde Headline "No, France is Not Bankrupt" This amusing headline story by Bruno Moschetto, a professor of economics at the University of Paris in the French newspaper Le Monde has me laughing out loud this morning: " No, France is Not Bankrupt " No, France is not bankrupt …
More: "The Positive Impact of the Declining Yen Has Yet to be Seen"
Cyprus Conservative Opposition Parliamentary Member Says "If No Solution Soon, Print Cyprus Pounds and Abandon the Euro" Posted by Michael Shedlock at 11:28 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.