Complete Eurogroup Statement On Cyprus
One key, and very important, thing to note per the statement below, is that nowhere in the statement does the Eurogroup say that no levy will be taxed on those with €100,000 and less in deposits. What...
View ArticleUS Government Imposes Retirement Curbs On Six-Year Olds
Via Simon Black of Sovereign Man blog,In 1729, that Jonathan Swift (of Gulliver's Travels fame) penned a famous satirical essay from England entitled "A Modest Proposal." It's still famous to this day...
View ArticleEurogroup Press Conference - Live Webcast (And Full Eurogroup Statement)
It's 2:30am, do you know where your deposits are? Tune in to see the Eurogroup explain how this is in the best interest of the Cypriot people, how the 'deal' illustrates the solidarity of the European...
View Article"Last Symbol Of Inter-Korea Cooperation" Falls As North Bans South From...
While the world twiddles it thumbs, buys stocks, and ignores any and every risk, tensions continue to mount on Korea. Bloomberg is reporting that:*N. KOREA BANS S. KOREANS FROM ENTERING GAESEONG, S....
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EUR Plunges On Draghi's "Downside Risks" Jawbone
After leaving rates unchanged and following Kuroda's efforts overnight, it appears Draghi had to do something in his press conference. Despite Barroso's assurances that the worst of the crisis is over,...
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Euro Hit By Two-Headline Punch
Yesterday it was headlines from Bini-Smaghi and Weidmann punching the lights out for the Euro (which as we have been saying all along, needs to be lower not higher to promote some glimmer of hope for...
View ArticleFrontrunning: April 23
China’s Recovery Falters as Manufacturing Growth Cools (BBG)Gloomy eurozone output points to rate cut (FT)Limit Austerity, EU appartchik Barroso Says (WSJ)Regulators Get Banks to Rein In Bonus Pay...
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Visualizing Life In America From 1983 To Today
A lot has changed in 30 years - from Miami Vice and Flashdance to Hunger Games and Taylor Swift; but away from the end of legwarmers (and rolled-up jacket sleeves), GDP has more than tripled from $3.5...
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China's Bird Flu Jumps The Border As First Case Confirmed In Taiwan
While precious little space has been dedicated in the US media to what remains an uncontained epidemic of the H7N9 bird flu in China, cases continue to spread even as the number of deaths mount, taking...
View ArticleGuest Post: How The Boston Bombing Is Already Being Exploited To Introduce...
Submitted by Brandon Smith of Alt-Market.com,I have no personal experience in the business of false flag terrorism, but I imagine that engineering a successfully staged terror attack to be blamed on...
View ArticleQBAMCO On Precious Metals And The Coming 'Great Reset'
Authored by Lee Quaintance and Paul Brodsky of QBAMCO,Volume TriageLast Sunday we closed the macroeconomic portion of “Imperial Constraint” with the following:“So we ask again, are there really...
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Bill Gross: "There Will Be Haircuts"
The highlights from Bill Gross' monthly outlook letter: "The past decade has proved that houses were merely homes and not ATM machines. They were not “good as money.” Likewise, the Fed’s modern day...
View ArticleFeedback Loops And The Unsustainability Of China's 'Moderate' Growth
With last night's China PMI disappointing expectations and eking out a just-expansionary miasma of hope for the growth enthusiasts, the very real question of global growth sustainability (while not on...
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5 Reasons that Both Mainstream Media – and Gatekeeper “Alternative” Websites...
There are five reasons that the mainstream media and the largest alternative media websites are both pro-war.1. Self-Censorship by JournalistsInitially, there is tremendous self-censorship by...
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Guest Post: Another Episode In The History Of Failed Manipulations
Submitted by Martin Sibileau of A View from the Trenches blog,“…The Argentine government jawboned the foreign exchange market more efficiently than Draghi did with the gold market upon the insinuation...
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"Awash In Self-Delusional Cornucopianism"
Submitted by James H. Kunstler via Peak Prosperity,For most people, the collapse of civilizations is a subject much more appetizingly viewed in the rear-view mirror than straight ahead down whatever...
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Trichet on Bernake
Jean-Claude Trichet, the former head of the European Central Bank, in an interview with CNBC stated that there was only so much that central banks could do to save the economic situation at the present...
View ArticleFrontrunning: June 27
Hilsenrising interest rates Business Feels Pinch of Swift Rate Rise (WSJ)Yellen Betting Defies 100-Year Jinx of Fed No. 2 Never Elevated (BBG)Back to the Future 2 is finally coming: Honda Sees ‘Flying...
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The Biggest Problem Currently Is...
Excerpted from Lance Roberts'Street Talk Live blog,The biggest problem currently is that there is virtually no expectation, or analysis that incorporates the impact, of an average economic recession...
View ArticleMario Draghi Press Conference - Live Webcast
The all important ECB press conference is set to begin momentarily. Will Draghi answer questions regarding the readiness of the OMT's use in Portugal whose short end has exploded this morning, or will...
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