Stacy Summary: These headlines do not suggest a recovery as Geithner claims, nor does it seem the worst is behind us.
Deflation returns to Japan
OECD warns that Britain risks a ‘debt spiral’
Marc Faber: Gold will probably never again be below $1000
Stacy Summary: These headlines do not suggest a recovery as Geithner claims, nor does it seem the worst is behind us.
Deflation returns to Japan
OECD warns that Britain risks a ‘debt spiral’
Marc Faber: Gold will probably never again be below $1000
Tags: britain · debt spiral · deflation · gold · japan · marc faber · oecd
Stacy Summary: Both sides of this carry trade gamble have gone bust. Interesting to see how the population itself is responding differently with each.
Japan sinks even deeper into deflation
The crisis engulfing the world’s second economy is remarkale. Profits fell 53pc in the second quarter. Total cash earnings have dropped 7.1pc this [...]
Tags: iceland · japan · yen carry trade
Stacy Summary: Will add more headlines after I return from place Concorde where I am walking around with my pitchfork and guillotine looking for some fellow peasants to march with me to La Defense. What headlines are you reading?? I know you have some good ones! Max won’t stop talking about the Sea Shepherd, so [...]
Stacy Summary: I have included below a headline I covered yesterday about IMF stating that worst may lie ahead. @Russ objected to my headline of Strauss-Kahn’s statement. But, as you can see below, the Guardian interpreted his statement in exactly the same way that I did. What are your thoughts?
Worst days of US crisis may [...]
Tags: china · crop circle · imf · japan · recession · us treasury bonds
Stacy Summary: First off – sorry for the downtime on the site last night. Apaprently, we were being bombarded with traffic from yahoo as our site was hijacked via a plugin (apparently Tweet This) and so, alas, our bandwidth limit was hit. Next, Max has a new series from tomorrow, a co-production with Associated Press [...]
Tags: arctic · bailouts · hank paulson · japan · russia · us dollar