Entries Tagged as 'spain'

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 [...]

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Submerging Economies Becoming More Volatile & Obama Pressures Spain on Austerity

May 12th, 2010 145 Comments

Stacy Summary: Love the bankrupt giving each other advice . . .   Obama encouraged European leaders to ‘act boldly’ ala Bush/Paulson with the TARP-like program?   And, by the way, aren’t US debt levels worse than Spain’s? Who’s Running Europe?  Obama Pressures Spain on Austerity Measures Developed Markets Becoming More Like Emerging Markets

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Controlled Demolition! Now S & P Downgrades Spain!

April 28th, 2010 39 Comments

Stacy Summary:  Standard and Poor’s is on all out assault mode against European sovereign debt this week.  Floor by floor by floor.  It’s just downgraded Spain.   No doubt the turmoil following on these downgrades is conveniently distracting from their central role in the CDO frauds that are presently being investigated inside the US . [...]

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A Lehman style tsunami of bad debt and suspending QE

February 5th, 2010 233 Comments

Stacy Summary:  More on that next leg down. Fears of ‘Lehman-style’ debt tsunami as crisis spreads to Spain & Portugal BoE may suspend quantitative easing

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Spain tips into depression, 7 years housing supply on market

September 25th, 2009 65 Comments

Stacy Summary: Unbelievable. And yet house prices have only fallen by 10% since the peak. Guess sellers are waiting for a recovery. LOL. But it also shows you what a wild misallocation of capital happened during the Greenspanesque cheap money era; during also the monetary union which saw Spain and Ireland have far too low [...]

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Unemployment jumps, Spain rallies

September 4th, 2009 41 Comments

Stacy Summary:  Maybe Spain is performing so well because everyone is a contrarian these days? US unemployment jumps to 9.7% Spain rallies 20% despite collapsing economy & 18.5% unemployment

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Headlines, Headlines, Headlines – 30 March 2009

March 30th, 2009 13 Comments

The Stacy Summary:  Banks return to profitability thanks to Obama’s Marie Antoinette moment.  Detroit told to ‘pound sand’ and more US taxpayer money went into the bankers black hole of market fraud. “Let them have stained carpets” – Obama’s Marie Antoinette moment Is AIG why banks were profitable Q1? AIG responsible for banks January and [...]

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