Tag Archives: deficits

Basel relaxes, Cameron does DIY & Kashkari says the peasants are too uppity

Posted on July 27, 2010 by stacyherbert| 31 Comments

Stacy Summary: Great chart in the first link; notice how defense spending dwarfs spending on social security and medicare/medicaid; but do you see any of the Wall Street/MIC/IIC welfare oligarchy advocating cutting spending there? If anyone can find me one single link from one of the oligarchs living off taxpayer spending that encourages cutting war spending, let me know.

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Posted in Headlines

Tagged basel, cameron, deficits, diy, policing, us bond buyers

Deficits, Paulson’s Regrets, Unfounded Fears, Pound Slides & More Than 60 Economists

Posted on February 19, 2010 by stacyherbert| 34 Comments

Stacy Summary: A UK headline special. Any to add?

Fears of mass UK banking exodus prove unfounded

Hank Paulson ‘regrets blaming Britain’

Britain’s third worst deficit in world

Pound slides on Fed rate hike

More than 60 economists back Darling’s plan to delay cuts until next year

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Posted in Headlines

Tagged alistair darling, banking exodus, deficits, hank paulson

Multiple simultaneous ‘debt explosions’

Posted on July 6, 2009 by stacyherbert| 60 Comments

Stacy Summary: Okay, I have eyewitness deflation report for you. A rather posh restaurant only 50 yards from our apartment has had a fixed lunch menu for 4 years now set at 25 euros. This included three courses and a glass of wine and the place was always packed (it’s not exactly an enormous restaurant). A few months ago, it was no longer so packed and the set menu price was cut to 16 euros. Today, they cut the price to 14 euros, which is amazing for Paris. That’s the price normally seen in a restaurant catering to students or a bit lower end of the market. The set menu still includes three courses and a glass of wine.