Archive for August 9th, 2011

Mac Slavo August 9th, 2011 SHTFplan.com Via CNN: Any glimmer of hope that the housing market will stage a recovery in the upcoming months has vanished, thanks to the recent spate of bad economic news that has been making headlines over the past several weeks. According to the latest analysis of home price trends... »

by Kurt Schlichter BigGovernment.com It’s already happening – the liberal dream of a perpetual social welfare state where deadbeat liberal constituencies feed off of the work of productive conservative citizens in perpetuity is dying. There’s no doubt about that; the only question left is how long and hard the process will be as the... »

Eyewitnesses: Police stood back and allowed rioters to loot private businesses Paul Joseph Watson Infowars.com Tuesday, August 9, 2011 Following numerous reports of failures on behalf of police to arrest looters or adequately respond to the riots in London that are now sweeping across the entire UK, curfews and troops on the streets are... »

by Tyler Durden ZeroHedge.com 08/09/2011 This may be a sign that the current sharp rally may have reached its zenith as neither bank has a great track record regarding short term trading calls on commodity markets. In the short term there is the risk of a correction as gold’s rise is now becoming front... »

by Tyler Durden ZeroHedge.com 08/09/2011 he much awaited cut by S&P of thousands of municipal bonds following its August 5 downgrade of the US has arrived. Per Bloomberg: “The rating company assigned AA+ scores to securities in the $2.9 trillion municipal bond market including school- construction bonds in Irving, Texas; debt backed by a... »

A chorus of global economists has called on the European Central Bank to go far beyond pin-prick purchases of eurozone debt. By Ambrose Evans-Pritchard Telegraph.co.uk It needs to launch quantitative easing on a massive scale to head off a eurozone debacle, if necessary purchasing half the entire stock of Italian and Spanish debt, they... »

by Allen Gilmer OilPrice.com S&P lowered the US debt rating from AAA to AA+ on Thursday. What does this mean to you and me? Well, S&P is only one of three debt rating services, and the other two have said they aren’t going to downgrade, but this is historic, nonetheless. When your debt grade... »

Toxic fiscal policies send investors fleeing The Washington Times With the stock market facing a historic meltdown, Americans could at least expect the president to be on time for a speech intended to inspire confidence. But those tuning in Monday at 1 p.m. eastern expecting to hear Mr. Obama address the rolling national financial... »

From AAA to AA+ by Dr. Paul Craig Roberts Global Research August 8, 2011 On Friday, August 5, the credit rating agency, Standard & Poor’s, downgraded US debt from AAA to AA+. Gerald Celente’s view that S&P’s downgrade of the US Treasury’s credit rating reflects a loss of confidence in the political system was... »

It’s Time To Ce Very Concerned About What’s Going on Behind the Scenes by Simon Black LewRockwell.com Ancient Greek mythology tells the tale of Odysseus, the heroic king of Ithaca whose 10-year journey home after the Trojan War became one of the world’s most famous epics. At one point in the journey, his ship... »