19 Reasons To Be Deeply Concerned About The Global Economy...
• By Michael Snyder19 Reasons To Be Deeply Concerned About The Global Economy As We Enter The 2nd Half Of 2013
Contents Pages by Subject
Economy - International
41 IMF Bailouts And Counting – How Long Before The Entire System Collapses?
• http://theeconomiccollapseblog.com, By Michael SnyBroke nations are bailing out other broke nations with borrowed money.
Nigel Farage: There is a gathering electoral storm, 7-2-13
• Daily Paul.comUntil the euro is broken up, until you reverse the social market model you will not help youth unemployment.
Kyle Bass Hunkers Down: "We Dramatically Reduce Portfolio Risk"
• zerohedge.comKyle Bass goes to Japan and finds all as expected...
I.M.F. and Pakistan Agree to a $5.3 Billion Bailout
• New York TimesThe International Monetary Fund and Pakistan reached a provisional agreement on Thursday on a $5.3 billion bailout package that aims to bolster Pakistan’s flagging economy and its perilously low foreign exchange reserves.
EU Finds Top Banks Doctored the Derivatives Trading Market
• http://chrisinmaryville.net/The European Commission (EC) has identified 13 major financial institutions as having blocked exchanges’’ access to ensure lucrative returns on the credit derivatives market. As an investigation gets underway, those technocratic corporations suspe
Sorry folks, but Portugal shows euro crisis far from over
• ReutersWe're told the euro crisis is over. But Portugal's coalition government is on the brink of collapse, and markets are once again on the slide. The crisis, it would seem, is far from over.
Stocks, Euro Slide On Merkel Warning Greek Bailout Cash May Be Delayed
• zerohedge.comIt appears the market is in sell-first, question-later mode as a series of confusing headlines just hit from Bloomberg, citing a Merkel interview from SDZ, in which the German leader appears to have said that .....
China Prohibits Local Media To Cover Ongoing Cash Crunch
• zerohedge.comChina is so "fine" that it has resorted to the full central-planning manipulation trifecta:
FROM DUST TO BARS: The Complete Story Of How Gold Is Mined And Refined
• Business InsiderGold prices have tumbled since their $1,900 peak in 2011. The yellow metal slumped into a bear market in April, and now prices are just above $1,200.
IT'S HAPPENING: Banks Are Ditching Switzerland For Finally Cracking Down On Secrecy
• Business InsiderSwitzerland — long famous for storing money and not asking any questions — has been beefing up scrutiny on banks enjoying shelter in the Alpine paradise's lax regulatory structure, Businessweek reports.
CHINA'S HSBC PMI FALLS TO A 9-MONTH LOW
• Business InsiderThe unofficial China HSBC manufacturing PMI report for June 2013 is out.
The 441 TRILLION Dollar Interest Rate Derivatives Time Bomb
• theeconomiccollapseblog.comDo you want to know the primary reason why rapidly rising interest rates could take down the entire global financial system?
New EU Plan Will Make Every Bank Account In Europe Vulnerable To Cyprus-Style Wealth Confiscation
• theeconomiccollapseblog.comDid you actually believe that they were not going to use the precedent that they set in Cyprus?
Europe strikes deal to push cost of bank failure on investors
• ReutersThe European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage.
New EU Plan Will Make Every Bank Account In Europe Vulnerable To Cyprus-Style Wealth Confiscation
• http://chrisinmaryville.net/Did you actually believe that they were not going to use the precedent that they set in Cyprus? On Thursday, EU finance ministers agreed to a shocking new plan that will make every bank account in Europe vulnerable to Cyprus-style bail-ins. In othe
Sock Puppet Kabuki; Nikkei Today Parallels Dot-Com Bust
• http://lewrockwell.com, by Peter SchiffThe Japanese stereotype of excessive courtesy is being confirmed by the actions of prime minster Shinzo Abe who is giving the world a free and timely lesson on the dangers of overly accommodative monetary policy. Whether or not we benefit from the tu
Great Video: Japan’s Debt Problem Visualized (Video)
• http://chrisinmaryville.net/A very well done video on the Japanese debt crisis. Anyone who cares about the world economy should have some understanding of what is going on currently in the world’s 3rd largest economy.
An Important Lesson from Tony Soprano
• The Daily Bell"All due respect, you got no f----g idea what it's like to be Number One. Every decision you make affects every facet of every other f-----g thing. It's too much to deal with almost." – Tony Soprano
Snowden Payback: Moody's takes rating actions on 9 Hong Kong banks
• ReutersMoody's Investors Service has changed the outlooks for the bank financial strength ratings (BFSRs)/Baseline Credit Assessments of 8 Hong Kong banks to negative from stable, and one bank's BFSR outlook to stable from positive.
Eurozone Economic Failings
• arcleinthe eurozone countries have little to no control over the most important policies that the government can use to increase employment and income, including monetary, exchange rate, and increasingly, fiscal policy. They have ceded this control to euro
Banking Crisis in China
• arcleinOminous signs usually emerge from the banking system, just like in the fall of 2008, when the Western financial system was on the brink of collapse. When banks don’t trust each other anymore, they charge higher rates for inter-bank lending, fearing t
Paul Pholeros: How to reduce poverty? Fix homes
• ted.comIn 1985, architect Paul Pholeros was challenged by the director of an Aboriginal-controlled health service to "stop people getting sick" in a small indigenous community in south Australia. The key insights: think beyond medicine and fix the local env
Chinese, U.S. factories struggle, Europe still in slump
• By Jonathan Cable and Steven C. JohnsonFactory output in China weakened to a nine-month low in June while U.S. manufacturing closed out its worst quarter in the last four, suggesting the road to recovery for the world economy remained an uneven one.
It's Hard To Look At These Photos From Indonesia And Brazil And Not Worry
• Business InsiderThe protests in Turkey continue to dominate the attention of media, but today there were two other protests in red-hot emerging markets that warrant your attention, especially since the basic narratives are fairly similar.
... Glenn Jacobs Discusses Austrian Economics, Internet Sales Tax ...
• http://www.dailypaul.com, by Messengers for ...WWE Wrestler, Glenn Jacobs Discusses Austrian Economics, Internet Sales Tax & the Federal Reserve
Bilderberg Group
• arcleinIt is above all a club for life’s winners. George Osborne, Ed Balls and Ken Clarke, the Cabinet Minister who also serves on the group’s steering committee, will arrive this afternoon, as will Mr Mandelson. They will be joined by Jose Manuel Barroso,
Deutsche Bank 'horribly undercapitalized' - U.S. regulator
• ReutersA top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios."It's horrible, I mean they're horribly undercapitalized," said Federal Depos
Kyle Bass: Japanese Bond Market Is Teetering on Epic Ruin
• MoneyNews.ComHigh-stakes hedge fund operator Kyle Bass is making a full-blown bet that Japan's bond market and its currency will spin out of control in a fresh financial earthquake.
As Japan seeks revival, hedge funds bet on horrifying bond bust
• Japan TimesShock-and-awe monetary policies, announced in April, have sent Japanese government bonds, the nation’s equivalent of U.S. Treasury notes, into a whirl of volatility.
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