Archive for December 1st, 2011

by Bob Chapman Global Research December 1, 2011 Except for the MF Global scandal Europe still stands at the forefront of world debt problems. Up until now little has been accomplished toward solving these problems and the traditional Christmas season is upon us, which stretches from December 7th, to January 10th, a period in... »

by Washington’s Blog Global Research December 1, 2011 The coordinated swap line bailout by the Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank- and China’s reduction of reserve requirements by .5% – shows desperation. (For background on swap lines,... »

So much for moral hazard. Ben Bernanke, chairman of the US Federal Reserve, has decided he can’t wait any longer for dithering eurozone politicians to sort out their problems. By Damian Reece TelegraphUK 30 Nov 2011 The warning signs of an impending European banking collapse, which would have global implications, cannot be ignored any... »

For the eurozone, it was another humiliating turn of events. Faced with Europe’s abject failure to sort out its own mess, the US Federal Reserve has been forced to come riding to the rescue instead. By Jeremy Warner TelegraphUK 30 Nov 2011 It wasn’t quite D-Day – Europe is going to require much bigger... »

by Tyler Durden ZeroHedge.com 11/30/2011 In his latest letter to LPs, Kyle Bass of Hayman Capital Management, offers his tell-tale clarity on what may lie ahead for Europe and Japan. With his over-arching thesis of debt saturation becoming more plain to see around every corner, Bass bundles the simple (and somewhat unarguable) facts of... »