Daily Archives: October 19, 2011

Martin Feldstein, Harvard University economics professor/Council of Economic Advisors former chairman, says there is no question that Greece will default. Feldstein also says the weakness in the U.S. is not due to banks exposure to Europe.

A Quinnipiac University poll released Monday, found respondents in New York City agreed with the views of the OWS protesters by a 67% majority. What’s more is the fact that the movement — now in its second month — continues … Continue reading →

There is no painless escape from the European banking crisis.  This chart is a good summary of possible paths from Stratfor Global Intelligence: Short cuts in favour of speculation, transaction commissions and weak regulation have degraded the integrity of our financial system:   See … Continue reading →