Paul Krugman crushed by Spanish Austrian Economist Pedro Schwartz
• http://www.dailypaul.com, RonPaulSwedePlease watch this, and watch the end as they yell at each other 0_0!
Contents Pages by Subject
Economy - International
The Biggest Financial Scandal In History?
• http://theeconomiccollapseblog.comWe always knew that the financial markets were rigged, but this is getting ridiculous.
Roubini: My ‘Perfect Storm’ Scenario Is Unfolding Now
• http://www.prisonplanet.com, Ansuya Harjani“Dr. Doom” Nouriel Roubini says the “perfect storm” scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
ICELAND BOOMS AS THE WORLD STRUGGLES
• http://itmakessenseblog.com, The MeisterFor a country that four years ago plunged into a financial abyss so deep it all but shut down overnight, Iceland seems to be doing surprisingly well.
French T-bills now yield negative returns
• http://www.sovereignman.comWith mounting budget deficits around the world, it is becoming almost impossible for governments to pay high yields on the sales of Treasury Bonds. Because of the economic uncertainty, banks interest rates have been almost nothing while in several ca
Global Collapse In Auto Sales Coming Up
• http://globaleconomicanalysis.blogspot.comIn response to my post Plunging New Orders Suggest Global Recession Has Arrived I received a couple of interesting emails from readers, one from the US, the other from an employee of the world's largest automotive parts manufacturer.
10 Things You Need To Know Before The Opening Bell
• http://www.businessinsider.com, Mamta BadkarGood morning. Here's what you need to know.
French president: zero growth so far this year
• http://hosted.ap.org, By MASHA MACPHERSONFrance enjoyed a boost in investor confidence with a successful bond auction Monday - but also got a warning from the president that growth so far this year is "nil" and that the country needs to rethink its social model.
European Finance Ministers Agree to Speed Up Bailout of Spanish Banks
• New York TimesWith Spain’s borrowing costs climbing again to critical levels, European finance ministers decided to speed up their promised bailout for the country’s troubled banks, while also giving the cash-tight government more time to rein in its budget defici
One in Every Two Children in Turkey Employed as Child Worker
• arcleinThe number of minors who are employed in Turkey amounts to 49 percent in the age group 5 to 17, alarming research by DİSK-AR, the research center of the Confederation of Revolutionary Workers’ Unions (DİSK), has shown.
Vacation Laws in Europe
• arcleinWait, wait, This just in: We do have the Family Medical Leave Act (FMLA) which provides us with the legal right to request unpaid medical leave. Well not quite. You have to work at an employer with 50 or more employees or work in the public sector, a
Futures down after Asian data points to slowing growth
• http://www.reuters.com, Chuck MikolajczakStock index futures slipped on Monday, putting the S&P on pace for its third consecutive decline, after economic data in Asia pointed to a slowing of global economic growth.
10 Things You Need To Know Before The Opening Bell
• http://www.businessinsider.com, Mamta BadkarGood morning. Here's what you need to know.
Imagining a Universe Without Central Banks
• http://dailyreckoning.com, By Bill BonnerThe God Particle has been discovered!
JIM O'NEILL: The US Is No Longer The Best Economy In The Developed World
• http://www.businessinsider.com, Sam RoJim O'Neill has been bullish on the U.S. economy for a long time. And he continues to be bullish.
Analysis: European banking superpower is no quick fix
• http://www.reuters.com, By Marc JonesThe euro zone's plan to let the European Central Bank supervise its biggest banks requires governments to give it unambiguous powers, sets a highly ambitious timetable and poses potentially dangerous conflicts of interest.
Samsung's Galaxy powers record $5.9 billion profit; euro a worry
• http://www.reuters.com, By Miyoung KimSoaring sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home
Three Central Banks Collude to Stimulate More Borrowing
• New York TimesConcerned about waning economic growth, central banks in Europe and China announced measures to increase borrowing and spending by businesses and consumers, a response that was all the more striking because it was uncoordinated.
Japan's Azumi: govt could run out of cash by Oct
• ReutersJapan's government could run out of money to fund this fiscal year's budget by the end of October, the finance minister said, as a standoff in parliament over a deficit financing bill threatens to wreak havoc with the country's finances. The defic
PRESENTING: The Ultimate Oil-Currency
• http://www.businessinsider.com, Joe WeisenthalThere are certain currencies out there that are generally thought to be related to the price of oil.
Silver Market Update
• Clive MaundMuch of what is written for the Gold Market update applies equally to silver, so it will not be repeated here.
These Chinese Frauds Could Be Just The Tip Of The Iceberg
• http://www.businessinsider.com, Craig TindaleThe Fall of the Communist Dynasty and The Looting of China touched on the widespread fraud that has become apparent, both in mainland and US listed Chinese companies.
EMERGING MARKETS-Brazil real falls for 2nd day in thin trading
• Walter Brandimarte ReutersThe Brazilian real slid for a second straight session on Wednesday, one day after a central bank official suggested policymakers were not comfortable with the currency's recent gains, while the Mexican peso inched lower in sync with the euro.
Global Economy Turns Bullish
• arcleinWhat I am saying is that the fundamentals of the global economy have actually never been better and I would have not expected to write these words so soon back in 2008. Governments need to merely pay attention to business and voters need to remove th
German Supreme Court To Make A Decision That Will Make The Obamacare Drama Look Like Child's Pla
• http://www.businessinsider.com, Simone FoxmanA hearing at Germany's version of the Supreme Court, to be held on July 10, could destroy all the optimism from the last EU summit.
Byron Wien: I Spoke To The Smartest Man In Europe, And What He Had To Say Was Terrifying
• http://www.businessinsider.com, Joe WeisenthalBlackstone's Byron Wien is up with a new column, wherein he relays a conversation he had with someone he only refers to as The Smartest Man In Europe.
Financial Coup d’Etat in Europe: Government by the Banks, for the Banks
• http://www.globalresearch.ca, by Ellen BrownOn Friday, June 29th, German Chancellor Angela Merkel acquiesced to changes to a permanent Eurozone bailout fund—“before the ink was dry,” as critics complained.
Outline on Collapse End Game
• Jim WillieMany are the events, signals, and telltale clues of a real live actual systemic failure in progress.
Massive Japanese Debt Monetization Is Coming, Yen to be Devalued
• FinancialSense.comYou can only stretch a rubber band so far before it snaps back or is torn, so too is the case with government indebtedness. There eventually comes a point when the road ends and the can hits a brick wall. It appears that Japan is rapidly approaching
Doug Casey: A Eurocrash Is Baked in the Cake
• LewRockwell.com"A major financial and economic catastrophe in Europe is unavoidable. From there, it's likely to spread out to the whole world."
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