Archive for June 11th, 2012

Russia’s climbdown sets stage for regime change Paul Joseph Watson Prison Planet.com Monday, June 11, 2012 President Barack Obama has told the US Navy and Air Force to prepare air strikes on Syria as part of a “no fly zone” that will be enforced with the aid of British and French military power, according... »

by Tyler Durden ZeroHedge.com 06/10/2012 While the short-term benefits can be weighed against any long-term solution a number of ways, Nigel Farage provides not just the most colorful summation of situation but also the most succinct when he refers to the ‘madness’ of ‘intervention to keep the Euro alive’ as “reinforcement of failure”The better,... »

Mark Grant ZeroHedge.com 06/11/2012 The art/science of Deduction is a process that I engage in daily. To paraphrase Mr. Sherlock Holmes; it is where I make my bread and cheese. On the most fundamental of levels you must have the facts right before you can reach any conclusion or series of conclusions and here... »

Simone Foxman BusinessInsider.com June 11,2012 While analysts have been making a big deal about the bank bailout in Spain this morning, it is important not to forget about Europe’s next-biggest problem: Italy. Yields on Italian government bonds are shooting through the roof today, as investors wonder how much stronger Italy’s banks are than Spain’s.... »

Joe Weisenthal BusinessInsider.com Jun. 11, 2012 The Euphoria is over. All of the “risk” assets are quickly giving up much of their gains. Dow futures are up about 80 points, which is well off the 140+ points that was indicated earlier on. S&P futures are up 9 points, well below the +18 we saw... »

Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse of global confidence in the governing structure of monetary union. By Ambrose Evans-Pritchard TelegraphUK 10 Jun 2012 Italy must guarantee 22pc... »