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Daily Archives: November 29, 2012
The great turd rolling festival continues
This headline perfectly encapsulates the dominant strategy being pursued by governments and financial firms today. See: Greece agrees to borrow to buy back debt “With Greece’s coffers nearly empty, the government said Wednesday that it would have to borrow 10 … Continue reading
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Grant schools on the farce of present financial markets
James Grant, publisher of Grant’s Interest Rate Observer, talks about Federal Reserve monetary policy and Bank of Canada Governor Mark Carney’s appointment as the next head of the Bank of England.Here is a direct link.
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ECRI: US recession underway months before any “fiscal cliff”
Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, did an excellent job this morning reiterating the data supporting the ECRI’s US recession call. In this clip he uses rational metrics to clobber the standard nonsense proffered by … Continue reading
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