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The European Central Bank signaled it would invest in European bond markets in a bid to prop up hard-hit Italy and Spain, Europe’s fourth- and fifth-largest economies, which are in the midst of a worsening financial crisis.
Standard & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspaper said, adding that Asian exporters faced special risks.
The head of Standard & Poor's sovereign ratings said Sunday that the agency may downgrade the U.S. again. "We have a negative outlook on the rating and that means we think that the risk currently for the rating are to the downside," Beers said.
Former Fed Chair Alan Greenspan ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. "The United States can pay any debt it has because we can always print money to do that. So there is zero probability
America's Main Street Depression
This one is bound to disappear.
Ramifications: Any pools of money that require money managers by bylaws or other agreements to hold only AAA debt may be forced to sell Treasury securities. It is unclear as to the size of such pools, since some may have clauses that...
Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time.
One of the top credit rating agencies, Standard & Poor's, has downgraded the United States' top-notch AAA rating.
United States of America Long-Term Rating Lowered To 'AA+' On Political Risks And Rising Debt Burden; Outlook Negative
The People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses” - Juvenal – 100 A.D.
Nearly every time Real GDP dips below 2%, the economy was either in recession or headed for recession.
Host:
Ernest Hancock
Paul Antinori – Constitutional Expert - Author of “A Modest Proposal to Amend the Constitution” - amendusconstitution.com
“Giving money and power to government is like giving whiskey and car keys to teenage boys. “ - P. J. O’Rourke
Economic collapse creates a chain of events, but on a micro level (county, city) there is a marked reduction in revenue for maintenance of services. Loss of services to outlying areas means, for example, roads not being maintained to rural and suburb
Stocks tumbled in another choppy session Friday, erasing their earlier rally as investors were quick to take profits following a stronger-than-expected government jobs report and amid ongoing jitters in the euro zone.
Host:
Ernest Hancock
Paul Antinori – Constitutional Expert - Author of “A Modest Proposal to Amend the Constitution” - amendusconstitution.com
The labor force participation rate, and the reason why the general unemployment rate declined to 9.1%, just dropped to 63.9%, the lowest in 16 years, or matches the participation rate from January 1984.
Someone should tell the average American who is rapidly approaching one year in average unemployment that the stock market soared on good payroll news. They will be delighted.
Given the total distortions of reality with respect to not counting people who allegedly dropped out of the work force, it is hard to discuss the numbers.
This blog is starting a Bank of America death watch.
Promises to Save Us from Ourselves Yesterday, at opening bell, stocks paused for a moment and then barfed all over themselves. After that, they did it again…and again. When it was over the DOW had plunged 512 points and Wall Street had fully fre
I do not normally reprint rumors at all, as they tend to be very destructive, but this is a special case because the risks, if the rumor is correct, are exceedingly high. I'm sure you thought the 500 point loss on the DOW today was horrifying...
Fears about the global economy led to the biggest panic in financial markets since the 2008 financial crisis. The Dow plunged nearly 513 points Thursday, its biggest point decline since Oct. 22, 2008. Only three of the 500 stocks in the Standard & Po
Host:
Ernest Hancock
Peter Schiff - CEO & Chief Global Strategist - www.europac.net - Rise of the Barter Economy / Marcin Jakubowski - FOUNDER AND DIRECTOR - Open Source Ecology
Worries about the state of the economy in the U.S. and around the world slammed stocks on Thursday, driving the Dow briefly down more than 400 points and sending the S&P 500 into correction territory. Bonds soared as investors sought a safe place to
US gross debt shot up $238 billion to reach 100 percent of gross domestic product after the government's debt ceiling was lifted, Treasury figures showed. On Tuesday, the Treasury had to add more than $200 billion of commitments immediately after
Host:
Ernest Hancock
Peter Schiff - CEO & Chief Global Strategist - www.europac.net - Rise of the Barter Economy / Marcin Jakubowski - FOUNDER AND DIRECTOR - Open Source Ecology
Stocks hit session lows in another volatile session Thursday as fears over a global economic slowdown intensified and ahead of the widely-followed monthly unemployment report.
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