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Jim Rogers: Markets Have ‘A Lot Further to Fall’
Dallas Fed Pres Richard Fisher: Economy May Slump Through 2009
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"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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November 4th, 2008 at 9:38 am
here’s one that should be interesting, as well:
http://www.cnbc.com/id/15840232?video=912963848&play=1
one could, safely, FFwd: to the ~4:45 mark to catch Stiglitz endorsing a Global Reserve Currency, Global ‘Overseer’, Global ‘Regulators’, et al..
Good Times.
quite the turn around from this cover piece: “Coming from some of globalization’s most prominent supporters (David Dollar), its most vocal critics (Joseph Stiglitz), ..”
http://www.cfr.org/publication/7856/globalization.html