Stacy Summary: h/t @Eileen. Debt to take 10% of all taxes in Ireland by 2011, according to Moody’s, which apparently is slightly better than the amount of Greek and Italian taxes that will go to servicing their debts.
Entries Tagged as 'greece'
“Greece Enters Death Spiral”
August 19th, 2010 30 Comments
The austerity measures that were supposed to fix Greece’s problems are dragging down the country’s economy. Stores are closing, tax revenues are falling and unemployment has hit an unbelievable 70 percent in some places. More
Tags: athens · death spiral · greece · unemployment
A ‘Superman’ Economy and a Recession ‘Deeper Than Forecast’
August 13th, 2010 67 Comments
Stacy Summary: ’Superman?’ Probably a bad choice of words . . . And re: Greece, this is something that Max has been saying for the three years since this ‘crisis’ began . . . that losses would continue to be ‘revealed.’ Germany’s ‘Superman’ Economy Grows at Fastest Rate Since Reunification Greek recession ‘deeper than forecast;’ [...]
Tags: employment · germany · greece
Banning Wheat Exports & Impressing the IMF
August 6th, 2010 72 Comments
Stacy Summary: Good morning y’all. I see that the Greek government is incurring more odious debt on behalf of the Greek population, so let’s place some bets here . . . how many islands will have been sold to various oligarchs and/or private equity and sovereign wealth funds by 2020? And then, once again, [...]
[Video Mash] Max Keiser on Greek Debt Crisis
June 19th, 2010 2 Comments
Found this on Youtube. By the way, for next week’s On the Edge, we will talk to Michael Hudson about Greece.
Tags: greece · max keiser
Downgrades, safe havens, micro finance and stupid markets
June 16th, 2010 17 Comments
Good morning and thanks for the interesting conversation on the previous thread (Keiser Report 51)! Microfinance goes subprime China invests in Greece hours after downgrade UK provides safe haven for another scumbag oligarch (h/t @Mike/Liverpool) Even the court jester, Cramer, is too embarrassed to act his part in the blatant stupidity of the ‘free market’
Tags: china · cramer · greece · microfinance
A Greek-style debt problem is the new black
June 11th, 2010 138 Comments
Stacy Summary: Every leader in the world seems to be scrambling to declare their country the next Greece; today it is Japan. It could be a clever ruse to exhaust the wolfpack of speculators.
The euro death sentence and a $2.6 trillion ‘mystery’
June 6th, 2010 97 Comments
Stacy Summary: Please note that the ‘euro will be dead’ prediction comes from ‘leading economists’ and we all know how well their predictions on the forever bubble went; regardless, the second NYTimes article goes a bit further in explaining what is happening with our financial systems. There is too much debt. It is mathematically [...]
Tags: $2.6 trillion · debts · euro · greece · hungary · spain
“It’s Not About Killing People” – World’s Biggest Insulin Maker Pulls Out of Greece Following Nation’s Austerity Measures
May 29th, 2010 39 Comments
Stacy Summary: Just as the BP Gulf of Mexico oil spill is a typical day in the Niger Delta where the likes of Chevron and Shell spill with impunity, this story of Novo Nordisk pulling insulin from Greece is a story similar to what has happened to other, mostly developing, nations that have had [...]
Tags: bp · diabetes · greece · insulin · novo nordisk
[KR45] Goldman Sachs, Undeclared Enemy of the State
May 25th, 2010 123 Comments
Stacy Summary: We look at the scandals of naked short selling, supplementary liquidity providers and the conspiracy of banks. And we also mention the financial terrorist playing cards. In the second half of the show, Max interviews Jim Rickards about naked short selling and overwhelming the specialist system, Wall Street banks undermining Greece and Goldman [...]
Tags: goldman sachs · greece · jim rickards · keiser report · max keiser · naked short selling · stacy herbert





















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