Archive for July 6th, 2011

Get Ready for $150 Oil

Wednesday, July 6th, 2011

After a decline this summer, crude’s price is likely to rise sharply by next spring. It will hurt the economy, but it won’t be a disaster. By GENE EPSTEIN Barrons.com The U.S. economy is never completely ready for higher oil prices, which is one reason they take a nasty economic toll when they arrive.... »

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After Greece, Portugal

Wednesday, July 6th, 2011

BY JOHN RUBINO FinancialSense.com Now that Greece has been kicked down the road, it’s time for the other PIIGS countries to start lining up for similar deals. Portugal looks to be next, after its most recent deficit report: Portugal’s 1Q Budget Deficit Higher Than Expected LISBON (Dow Jones)–Portugal’s budget deficit for the first quarter... »

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S&P Warns Greek Bailout Plan Constitutes Default; Greece at Risk of Missing June Target; Spoon Feeding will Continue Until Greece Dies

Wednesday, July 6th, 2011

By Mike Shedlock Globaleconomicanalysis.blogspot.com Before receiving the next bailout tranche, Greece May Have Missed June Primary Balance Target Greece is at risk of missing a key budget target in June, European Union experts said in a report, a sign of the uphill struggle the country faces as it tries to get its deficit reduction... »

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The Fed Rearranges the Deck Chairs on the Titanic Economy

Wednesday, July 6th, 2011

By Bob Chapman TheInternationalForecaster.com World markets and especially US markets are in a state of uneasiness and it is only a matter of time before they degenerate further. The real question is will everything break loose between now and the end of the year? The answer in part is yes, and it is currently... »

Posted in Conspiracy, Corruption, Economics, Government Evil | No Comments »

Bank Nightmare Lives On

Wednesday, July 6th, 2011

By Stephen Rosenman SeekingAlpha.com If at first you don’t succeed, fail, fail, and fail again. That was the motto for the banking industry in 2008, 2009 and 2010. Pressured by the economy’s near collapse, banks folded at an alarming rate. There were 25 bank failures in 2008, 140 in 2009, and 157 in 2010;... »

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Regulators causing bank failures

Wednesday, July 6th, 2011

Returning banks to free market would strengthen economy By Richard Rahn The Washington Times Beware Greeks bearing debt – or any other country that has too much of it. Despite ever-increasing government regulation of banks, which often are required to hold government debt as reserves, the systemic risk of a failure in the global... »

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More bank branches closing

Wednesday, July 6th, 2011

Weak economy, tighter rules prompt decision By Todd Wallack Boston.com For the first time in 15 years, banks across the United States are closing branches faster than they are opening them, eliminating locations in Massachusetts, other parts of New England, and the rest of the country. Bank of America, the nation’s largest bank, plans... »

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Our Politicians Are Selling Off Pieces Of America To Foreign Investors – And Goldman Sachs Is Helping Them Do It

Wednesday, July 6th, 2011

EndOfThe AmericanDream.com All over the United States, politicians are selling off key pieces of infrastructure to foreign investors and big Wall Street banks like Goldman Sachs are helping them do it. State and local governments across the country that are drowning in debt and that are desperate for cash are increasingly turning to the... »

Posted in Conspiracy, Corruption, Economics, Government Evil | No Comments »

Without Low Interest Rates, The U.S. Financial System Dies

Wednesday, July 6th, 2011

EconomicCollapseBlog.com Right now, interest rates are near historic lows. The U.S. government is able to borrow gigantic mountains of money for next to nothing. U.S. consumers are still able to get home loans, car loans and student loans at ridiculously low interest rates. When this low interest rate environment changes (and it will), it... »

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Extortion, Private and Public: The Case of Chiquita Banana

Wednesday, July 6th, 2011

by Llewellyn H. Rockwell, Jr. LewRockwell.com Lefties have protested against Chiquita Banana for so long that most activists probably forget why they are supposed to hate the company. The company does have a spotty history, especially when it was United Fruit. For decades after the turn of the 20th century, US military interventions in... »

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