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Daily Archives: July 12, 2013
Reality bites
With global stocks maniac on yet another hit of Central Bank assurances this week, economic facts continue to speak louder than empty words. Global growth is sinking lower by the day, and no matter how much Bernanke promises that the … Continue reading
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Senator Warren schools the kids on the history of banks
Elizabeth Warren, (D-MA), defends the 21st Century Glass-Steagall Act, her bill designed to rein in too-big-to-fail banks. Here is a direct video link. She offers further valuable context in this Bloomberg segment as well.
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IMF lowers global growth outlook (again)
On Tuesday, the International Monetary Fund cut its global economic forecasts to 3.3% for this year and 3.8% next, citing primarily slower growth in key developing nations as well as a deepening recession in the Eurozone. The IMF also noted … Continue reading
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