by Tyler Durden ZeroHedge.com 09/05/2011 It is unclear what just spooked the market, but whatever it is, stocks have had enough fun for the day. After the ECB just announced that it had monetized a whopping E13.3 billion in the past week, nearly double expectations, and a total of E134 billion since the SMP... »
Archive for September 5th, 2011
Here We Go: US Futures Plunge As Milan, Dax Down 5%, Italian Fins Halted, EURUSD Sub 1.41
Monday, September 5th, 2011
Gold Reaches $1,900 Again – Supported by Risk of U.S. Recession, German Euro Risk and Wikileaks China Gold Cables
Monday, September 5th, 2011
by Tyler Durden ZeroHedge.com 09/05/2011 Gold Reaches $1,900 Again – Supported by Risk of U.S. Recession, German Euro Risk and Wikileaks China Gold Cables Spot for immediate delivery rose to $1,903.00/oz as the dollar and all currencies fell against gold in early European trading. Risk aversion has returned due to concerns about the US... »
IMF: global economy faces a ‘threatening downward spiral’(By Design!!…)
Monday, September 5th, 2011
The International Monetary Fund has called on the US and Europe to abandon fiscal austerity and switch to stimulus measures, warning that the global economy faces a “threatening downward spiral”. By Ambrose Evans-Pritchard TelegraphUK 04 Sep 2011 Christine Lagarde, the IMF’s managing-director, said the outlook had darkened suddenly over the summer. “There has been... »
Labor Day 2011: What Are We Celebrating? The Lack Of Jobs In America?
Monday, September 5th, 2011
EconomicCollapseBlog.com If you still have a good job, you certainly have something to celebrate on Labor Day 2011. So far you have survived the decline of the U.S. economy. But your day may be coming soon. This weekend, there will be millions of Americans that will not be doing any celebrating. They are not... »