Full story here from Doug Casey.
As the world sinks deeper into what he calls the Greater Depression, Casey Research Chairman Doug Casey sees default on the U.S. national debt as inevitable—albeit probably in the guise of currency destruction. He anticipates further contraction in real estate, particularly on the commercial front. As long as stocks remain [...]
Full story here from ZeroHedge.
The big news out of Europe this morning, and the reason for the drag on the euro is an article in Der Spiegel, “Merkel’s rules for bankruptcy” according to which Germany is now actively (and very secretly) pushing for a plan outlining a set of insolvency rules, which would require that [...]
Full story here from ZeroHedge.
Legendary investor Jeff Gundlach, who recently handed the most polite version of F#*$ you possible to former litiginous employers TCW, by reporting last week that DoubleLine had now raised $1 billion within the first quarter of its debut, is out with an even bigger call on the economy: “some type of [...]
Full story here from ZeroHedge. For those Euro-bears I offer you this little piece of music.
One of the incidents that I remember from my youth was the first time I saw a chicken slaughtered and running around headless for quite a few minutes before it keeled over and died. The euro is at that stage. [...]
Full story here. More here at ZeroHedge. Bombs away!
Add Spain to the list of EU sovereigns cut by S&P in the last two days. EUR/USD is breaking to new lows for the year, falling as low as 1.3131 so far. Expect 1.3100 barriers to provide a speed-bump for the EUR
UPDATE: S&P says Spain is set [...]
Full story here from The International Forecaster.
Banks only saved themselves not the economy, Greece singled out in the credit default crisis, the plan for a deflationary depression, every nation is in trouble, Greece now in a situation to default, banks continue to mislead, the floodgates open for lobbyists and special interests, lending costs climb, net [...]
Full story here from Matt Taibbi via TrueSlant. Need a non-sequitur interlude? Click here.
Often also called an activist, Mr. Keiser created quite a stir a few days ago when, on an Al Jazeera program, he claimed that Greece, for the past decade, has fallen victim to the “economic terrorists” of the Wall Street banking systems [...]
Full story here from Market Oracle.
The western nations of the world have built their great wealth and societies on the exploitation and plundering of the people and resources of the rest of the world. The wealth, freedom, and structures of our societies have been built on the starvation, robbery, deprivation and murder of millions upon [...]
Full story here from Business Insider.
Arthur Conan Doyle’s literary creation, Sherlock Holmes, once solved a murder by noting the dog that didn’t bark. It doesn’t take Holmes’s ingenuity to see that the plan on offer for Greece is clearly a rescue package which doesn’t rescue. It’s a dog’s breakfast.
Greece indeed is being offered a financial [...]
Full story here. Not like that headline is a surprise. And to celebrate the time change, here’s a little something that will definitely wake you up.
The dramatic and costly undertow of deflation continues unabated, as government via fiscal policy and the Federal Reserve, by creating money and credit out of thin air, proceed to overpower [...]