Tag Archives: Add new tag

Max Keiser’s ‘thing of beauty looms’ as UK unraveling points to budget cuts [UPDATED]

Posted on June 30, 2009 by stacyherbert| 61 Comments

Stacy Summary: This one is for Mike2liverpool. Right, now I have to go find that “thing of beauty” video of Max for your entertainment.

Sterling crisis looms as Brown takes UK economy into trash heap of history

“The probability of a real sterling crisis is around one in three, and the probability of major tax hikes and cuts in public spending is roughly one in one,” the Harvard University professor says.

Update:

Thing of beauty looms for 5 US states brace for shutdown

Indiana is one of five states — along with Arizona, California, Mississippi and Pennsylvania — bracing for possible shutdowns this week as time runs out for lawmakers to close billion-dollar gaps in their fiscal 2010 budgets.

Stacy – this might be the best thing to happen for these states.

→ 61 Comments

Posted in Headlines

Tagged Add new tag, five states shutdown, sterling crisis

Brown’s pound, Swedish banks and American income [Updated]

Posted on June 5, 2009 by stacyherbert| 36 Comments

Stacy Summary: Oh yeah, green shoots are everywhere!

Pound continues down with Brown’s political death plunge

When will be Gordon Brown’s last ever PMQs?

Sweden to part nationalise banks exposed to Baltic collapse

One in 9 Americans on food stamps

One in every 6 dollars of American income now comes from government

Benefits, such as Social Security, food stamps, unemployment insurance and health care, accounted for 16.2% of personal income in the first quarter of 2009, the Bureau of Economic Analysis reports. That’s the highest percentage since the government began compiling records in 1929.

In all, government spending on benefits will top $2 trillion in 2009 — an average of $17,000 provided to each U.S. household, federal data show. Benefits rose at a 19% annual rate in the first quarter compared to the last three months of 2008.

Updates:

Geoff Hoon quits cabinet; Margaret Beckett also reportedly resigns

Labour meltsdown in local elections

Labour heads for local elections wipeout

Beckett, Hoon, Hutton join exodus

Labour MP Ian Gibson resigns, triggers byelection

→ 36 Comments

Posted in Headlines

Tagged Add new tag, food stamps, gordon brown, sweden banks

Phantom mortgages and Larry Summers’ kickbacks

Posted on May 30, 2009 by stacyherbert| 44 Comments

Stacy Summary: Corruption, corruption, corruption. It’s quite clear that the whole system is rotten. Part of the problem with government being so close to bankers and corporations is that the politicians feel like they should be getting kickbacks and be able to live the lifestyle that they themselves help create for said bankers with your tax money. Also, by voting in these politicians we give this whole set up legitimacy. What do you think?

Is Larry Summers taking kickbacks from the banks he is bailing out?

Cameron says ‘phantom mortgage’ MPs should face fraud charges

US capitalism gone with a whimper

We’re in for a long, zombie summer

Are Goldman’s computers painting the tape in the last twenty minutes of each day? (must read!)

→ 44 Comments

Posted in Headlines

Tagged Add new tag, david cameron, larry summers, phantom mortgage, us capitalism

Fed attempt to rig house prices fails to save market, Latvians try blondes to stimulate economy

Posted on May 29, 2009 by stacyherbert| 21 Comments

Stacy Summary: Okay, so the blonde Latvian story may be a bit frivolous on the surface. Is it, however, any more ridiculous (or dangerous) than Bernanke’s attempts to revive the economy through rigging house prices?

Blondes to battle Latvia’s blues

IMF claims Latvia will recover in 2010, if they follow IMF plan

Stacy summary: Note that the IMF loan to Latvia is for 7.5 billion euro to a population of only 2.3 million; that is €3260 (USD$4566) for every man, woman and child . Also note that GDP per capita is US$11,985 in 2007. This sounds like the conditions that led Germany down their own celebrating blondes path.

Bernanke bid to fix house prices scuttled by rising rates, defaults

Bond markets defy Fed, blitz of quantitative easing may now begin . . . whatever the consequences to dollar (Hold onto your gold! It’s going to be a bumpy ride!!!)

“We could be nearing the end-game for the US dollar but the Fed has little choice at this point. We’re in a vicious circle where any policy aimed at supporting the US economy must be at the expense of the dollar.”

latvian-blonde

→ 21 Comments

Posted in Headlines

Tagged Add new tag, bernanke, fed, latvia

Headlines, Headlines, Headlines – 13 April 2009 [Updated]

Posted on April 13, 2009 by stacyherbert| 21 Comments

Stacy Summary: The global currency and sovereign debt grid are once again in today’s headlines; and those headlines are ominous for the economic futures of US & UK.

China sold US Treasuries heavily in January and February

Are bond market vigilantes saddling up?

China must make yuan convertible to extend influence

Baugur properties transferred to its chairman’s personal account weeks before collapse of company

Bouncers, ex-soldiers & former policemen being used for ‘crowd control’ against British school children

Nanomaterials used in 100 common food products & packaging in US, including in Miller Light and Cadbury’s chocolate

Crackdown on tax havens grants monopoly to UK’s Channel Islands

Iceland’s business minister concedes country’s banking system similar to Enron

Updated:

US taxpayer will deliver Goldman Sachs the second best quarterly profits in their history

Did ex-Goldman CEO, Hank Paulson, payout $100 billion to Goldman on AIG bets?

→ 21 Comments

Posted in Headlines

Tagged Add new tag, baugur, bond vigilantes, channel islands, china, enron, gilts, goldman sachs, iceland, jon asgeir Johannesson, nanomaterials, us dollar, US treasuries

Headlines, Headlines, Headlines – 08 April 2009

Posted on April 8, 2009 by stacyherbert| 22 Comments

Stacy Summary: More and more evidence that the financial oligarchy will not pay for their crimes as Friends of Geithner live to defraud another day.