Category Archives: Main Page

Global financial transaction tax is part of the solution needed to fund clean up

I received this from Avaaz today and signed their petition.  I post it here in case some of my readers may wish to do so as well. Dear friends, Across the world, people are refusing to pay the social and … Continue reading →

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Roubini: Global recession risk now above 50%

Economist Nouriel Roubini says the risk of a global recession is greater than 50 percent, and the next two to three months will reveal the economy’s direction. In an interview with WSJ’s Simon Constable, Roubini also says he’s putting his … Continue reading →

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Shorting banks to short their bad bonds

There is more than one way to skin a cat apparently (what a horrible saying, where does that come from?) Anyway, since banks have resisted all calls to mark the bad bonds on their books to market value over the … Continue reading →

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