January 18, 2013
Fed Governor Proposes Reorganizing Banks Deemed "Too Big to Fail"
The Chicago Tribune reports Fed’s Fisher: Reorganize banks that are "too big to fail" U.S.
Hard hitting global and local news
Hard hitting global and local news
The Chicago Tribune reports Fed’s Fisher: Reorganize banks that are "too big to fail" U.S.
Taken from: Philadelphia Fed Solidly in Contraction; Unwarranted Future Optimism; 3-Month Moving Average Suggests Recession; Hiring Plans Collapse
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Bloomberg reports Draghi’s Bond Rally Masks Trapping Spain Debt Doom Loop . The bond rally has sent Spanish borrowing That costs to 10-month lows has distracted attention from the nation’s growing debt pile. Spain’s budget deficit probably exceeded 9 percent for a fourth year in 2012 as Europe ‘s highest unemployment rate, a third recession in four years and the cost of bailing out its banks offset almost all of the government’s 62 billion euros ($ 83 billion) of spending cuts and tax Increases, According To Economists at Societe Generale SA (GLE) , Lombard Street Research and the Madrid-based Applied Economic Research Foundation.
Large and medium-sized businesses would easily benefit from lower payroll taxes.
Continued here: Social Security Payouts Per Worker; Accrued Interest on Accrued Promises; Imagination
Read More: Debt Sells Like Hot Cakes as Corporations Raise Cash; Bernanke Fed Distortions
Bruce Krasting notes Ben Bernanke Is Facing A Legacy Problem The surprise of the week was not the goofy ending to the cliff. It was the minutes from the Fed. The meeting in question took place on 12/12, just 23 days ago.
More here: Google’s Self-Driving Car Takes on D.C.; Not Quite Ready For Real World … Yet
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