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thinkahol *

The Spanish Prisoner - NYTimes.com - 0 views

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    What's striking about Spain, from an American perspective, is how much its economic story resembles our own. Like America, Spain experienced a huge property bubble, accompanied by a huge rise in private-sector debt. Like America, Spain fell into recession when that bubble burst, and has experienced a surge in unemployment. And like America, Spain has seen its budget deficit balloon thanks to plunging revenues and recession-related costs. But unlike America, Spain is on the edge of a debt crisis. The U.S. government is having no trouble financing its deficit, with interest rates on long-term federal debt under 3 percent. Spain, by contrast, has seen its borrowing cost shoot up in recent weeks, reflecting growing fears of a possible future default. Why is Spain in so much trouble? In a word, it's the euro.
thinkahol *

Attorneys General Settlement: The Next Big Bank Bailout? | Matt Taibbi | Rolling Stone - 1 views

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    The point of all of this is, if you add up all of the MBS-related liability out there, the banks as it stands are facing an Armageddon of claims from all sides. It can't possibly be less than a trillion dollars, and it's probably much, much more. But the Obama administration's current plan is to let them all walk after paying a few shekels apiece into a $20 billion kitty.
thinkahol *

China says US is spending too much on its military amid its financial woes - The Washin... - 0 views

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    BEIJING - The United States is spending too much on its military in light of its recent economic troubles, China's top general said Monday while playing down his country's own military capabilities.
thinkahol *

World power swings back to America - Telegraph - 0 views

  • The switch in advantage to the US is relative. It does not imply a healthy US recovery. The global depression will grind on as much of the Western world tightens fiscal policy and slowly purges debt, and as China deflates its credit bubble.
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    The switch in advantage to the US is relative. It does not imply a healthy US recovery. The global depression will grind on as much of the Western world tightens fiscal policy and slowly purges debt, and as China deflates its credit bubble.
Ride Harry

Get 1500 Cash Loans To Meet Cash Needs- Loans 1500 - 0 views

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    1500 cash loans scheme is such a kind of loan which offers you the cash up to 1500 dollars when your financial situation is not so much good. These short kinds of loans are available with different terms and rates so that you can select anyone according to your budget. And, you can get cash within a day after being approved for the loan. These loans are short term unsecured loans borrowed to deal with your urgent cash needs. A person may face a situation where his or her personal savings are exhausted and so left with no other option then to go for a loan. In such critical situations, these loans prove to be very helpful.
Ride Harry

How easy is borrowing loan 1500 - 0 views

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    You might be going from a financial crunch. You may have to pay your house rentals or electricity bills as you are struck financially due to a delayed pay or arrears. You need not get upset. There is a way out to free you from this hassle. There are lenders who help you with their financial assistance. You can apply for 1500 loans to bridge the financial gap. Borrowing is easy now: Gone are the much complicated processing of banking and the present era enables your bank very easily and comfortably. There are bankers offering short term loans for the benefit of people who face mid-month monetary problems the maximum amount of these short term loans usually is $1500. The repayment tenure is 2 to 4 weeks' time. If you have a problem in repaying within the stipulated period, you can request the lenders for an extension. They will be thankful to assist you. The simple process of applying: There is no need for you to go around meeting the bankers personally. You can just fill in an application form, giving the essential information about you. The bankers do not trouble you with your previous credit history nor do they ask you to pledge any collateral. Hence you can feel free to apply for 1500 loans for your immediate requirement. Once you receive the loan amount you are free to spend according to your own accord. The lenders never have any say about it. So in every way it is an easy deal for you. Log on to lender's websites to complete the process: You can log onto websites to collect the necessary details about different bankers offering loan services. Choose the most comfortable one and apply immediately. You can apply any time or day as the lenders are available online all the time. Web sites come to your assistance regarding your financial management by giving you information on various lending agents.
Ride Harry

Get Payday Loans Online- Immediate Cash Aid Without Any Worries - 0 views

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    Get Payday Loans Online are designed for the public who do not have enough time in their hectic working schedule to relate for the loan. This loan helps you in getting the cash without bearing long-lasting application process involved for applying loan. These loans offers you wanted cash help in the most suitable and hassle free manner without wasting your much time.
Tyler Osterry

Swift Cash At Your Disposal With Unsecured Cash Loans Bad Credit - 0 views

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    Unsecured cash loans bad credit can be derived with ease. The loans are indeed easy to apply for and can be procured without much of any hurdle.
thinkahol *

China stutters on purpose, world freaks out - Chinese Economy, Yuan Revaluation, Chines... - 0 views

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    The danger of depending too much on a Chinese rescue for the global economy: Even planned slowdowns cause panic
Giorgio Bertini

Changing pro-cyclicality for financial and economic stability -- Changing pro-cyclicali... - 0 views

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    Much has been discussed on the root causes for the current financial crisis, including but not limited to lessons on monetary policy, financial sector regulations, accounting rules. This note aims to stimulate debate and discussions on some of the pro-cyclical features in the system, possible remedial measures, and how monetary and fiscal authorities can play their professional roles at times of severe market distress. It also touches upon China's financial sector reform and macroeconomic policy to counter slowdown in economic growth. The major points here were presented at the G20 Meeting of Finance Ministers and Central Bank Governors in San Paulo, Brazil on November 15, 2008.
thinkahol *

Sen. Bernie Sanders: A Real Jaw Dropper at the Federal Reserve - 0 views

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    At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information.
Giorgio Bertini

Credit rating agencies under a harsh spotlight again - 0 views

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    European politicians are fuming over the US credit ratings agencies and their role in various financial crises. But some experts say it was governments who allowed rating firms to gain too much power in the first place.
Giorgio Bertini

Europe's Bailout - 0 views

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    Meanwhile, the banks that caused much of this mess are getting all their money back. A more equitable approach would require the banks to pay at least part of the bill - writing down the debts of some European governments or extending their maturities into the future to allow battered European economies time to recover.
Giorgio Bertini

The old enemies - Obama Versus the Corporations - Paul Krugman - 0 views

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    Much reporting on opposition to the Obama administration portrays it as a sort of populist uprising. Yet the antics of the socialism-and-death-panels crowd are only part of the story of anti-Obamaism, and arguably the less important part. If you really want to know what's going on, watch the corporations.
thinkahol *

The Haves and Have Nots of the Stock Market - Seeking Alpha - 0 views

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    Since 91% of stocks are owned by the Plutocracy, the much-ballyhooed rise in the stock market as proof the recession is over is perception management/ propaganda.
thinkahol *

Spanish riot police 'indignant' over protests | The Raw Story - 1 views

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    MADRID - Spanish riot police said Thursday that the long hours they have been required to work this week to prevent protesters from gaining access to Madrid's main square "is not tolerable for much longer".
thinkahol *

Debt and Delusion - Robert J. Shiller - Project Syndicate - 0 views

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    The fundamental problem that much of the world faces today is that investors are overreacting to debt-to-GDP ratios, fearful of some magic threshold, and demanding fiscal-austerity programs too soon. They are asking governments to cut expenditure while their economies are still vulnerable. Households are running scared, so they cut expenditures as well, and businesses are being dissuaded from borrowing to finance capital expenditures. The lesson is simple: We should worry less about debt ratios and thresholds, and more about our inability to see these indicators for the artificial - and often irrelevant - constructs that they are.
thinkahol *

Look Out, Here Comes the 'Feral Underclass' - 1 views

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    Why this absence of political ambition? What explains the rioters' genuflection at the altar of "crude materialist, market-driven hedonism"? To zone in on the answer, we need to step back and remind ourselves how strikingly unequal distributions of income and wealth impact how we interact with "things." In relatively equal nations, societies where minor differences in income and wealth separate social classes, people typically do not obsess over "things," the baubles of modern life. The reason? If nearly everyone can afford much the same things, things overall tend to lose their significance. People in more equal societies will be more likely to judge you by who you are than what you own. The reverse, obviously, also holds true. "As inequality worsens," as Boston College economist Juliet Schor has explained, "the status game tends to intensify." The wider that gaps in income and wealth go, the greater the differences in the things that different classes can afford. In markedly unequal societies, things take on ever greater significance. They signal who has succeeded and who has not. In London, the developed world's most unequal city, these signals may dominate daily life as ferociously as anywhere else on Earth. Their incessant repetition drowns out the socially cohesive signals that people see and hear and feel in more equal societies, the sense that "we're all in this together." "Let this week be a wake up call," London's Compass think tank observed right after the heaviest rioting. "There is more to clean up than broken shop windows."
thinkahol *

A Contagion of Bad Ideas - Joseph E. Stiglitz - Project Syndicate - 1 views

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    There has been much concern about financial contagion between Europe and America. But the real problem stems from another form of contagion: bad ideas move easily across borders, and misguided economic notions on both sides of the Atlantic have been reinforcing each other.
thinkahol *

How to end this stock market madness - Wall Street - Salon.com - 0 views

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    The Dow Jones average suffered its latest calamitous decline on Thursday, plunging 419 points and erasing much of the progress that had been made after the last series of wild swings two weeks ago. There were many factors at work in Thursday's carnage, which came after markets in Asia and Europe experienced similar turmoil, but the overriding one seems to be this: Just about everyone now believes the U.S. economy is getting worse -- and no one thinks our leaders in Washington are about to do anything meaningful about it. So we thought it might be a good time to take a step back and consider the fundamental absurdity of the paralysis in Washington, where spending cuts and deficit reduction -- and not job creation -- have come to define and dominate the discussion. And who better to illustrate this than ... Robert Reich, playing the roles of both Professor Donald Right and Dr. Hugo Wrong in a one-man show that everyone on Capitol Hill really ought to check out:
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