Tag Archives: missouri

Stacy Summary:  I didn’t seek these headlines out, they found me!  The headlines are just filled with the same old stuff of the past hundreds or thousands of years!  The more stuff happens, the more stuff stays the same.  What else are you reading??

• Fissures appear at the NY Fed, as another ex-Goldman elevated to top

• A ‘cold douche’ to those betting on Brics?

The scale of credit rot in the Russian banking system exposed by Fitch Ratings this week is truly staggering. The report is yet another cold douche to those betting that the BRICs (Brazil, Russia, India, and China) can pull us out of our mess.

Updates:

• Missouri State Rep says ‘hunger can be a positive motivator’

• U3 unemployment number rockets to 9.5% in US

Stacy:  Remember that U3 only captures those who haven’t fallen off the unemployment rolls after the 9 months one is allowed on.  U6 is the broader measure that was used before Clinton and is better to use if you want to compare this Depression to the 1930′s.  The U6 number must now be at about 20% is now over 20%.  Wait for a new band called U6 to be the new UB-40.