money money money

"Financially futile, economically erroneous, politically puzzling and socially irresponsible, the December 2011 European summit was a failure. Only the attending leaders and their acolytes believe otherwise. German Chancellor Angela Merkel’s post-summit homilies about the “long run”, “running a marathon” and “more Europe” rang hollow."

To sum up, throughout this European debt and banking crisis, Eurozone leaders have expressed their determination to “do whatever it takes” to restore stability and save the euro. But if one examines the stance the official sector has taken toward banks, it looks much more like Eurozone leadership “takes (sheepishly) whatever its large banks do” – even when those actions are much more in the banks’ narrow interest than in the wider public one. It is high time for a change.

The limited policies the Fed has at its disposal mostly puts money in the hands of the affluent, who are less likely than most to spend that money in the wider economy.

The euro bailout fund cannot work because indebted countries like Spain and Italy are contributing to it, according to trader and author Satyajit Das.

Dandelion Salad



MaxKeiserTV on Nov 2, 2011
Global stock markets have plunged over Greece's shock announcement that it would hold a referendum on an EU bailout deal.

The decision has rais...

Aditya Chakrabortty: Economic history is full of examples of successful debt default – so let's make 2012 a default jubilee for have-nots...

As a gloomy New Year for investors starts off, here are some home truths about risk and returns.

The risk of a break-up of the euro zone is “vastly overplayed” and a collapse of the single currency area is out of the question, Ian Bremmer, President of the Eurasia Group told CNBC on Tuesday.