Originally Posted by TedWeir The comedy of the financial transition to the new world... Hysterical AND RIGHT ON! Go Max Keiser T
Originally Posted by TedWeir Nouriel Roubini, the much heralded NYU economist who has gotten much attention – and the nickname Dr. Doom – for his gloomy predictions in the past few years, isn’t exactly confident in Ben Bernanke or the US economy. Over the past few days he has taken to Twitter to voice his concerns on the recent market free fall, the potential for a double dip and the ongoing crisis in Europe. Today, on the heels of currency market intervention by Japan and Switzerland, Roubini predicted that a third round of quantitative easing here in the United States, tweeting, “QE3 started in Japan & Switzerland via fx action &/or monetary easing. Fed will eventually get to QE3 but it will be too little too late.” Japan and Switzerland have both gotten involved in currency markets over the past two days, stepping in to prevent outsized appreciation in the yen and the Swiss franc. Switzerland cut interest rates on Wednesday in an attempt to weaken the franc, while the Japanese government and the Bank of Japan collaborated ...
Originally Posted by TedWeir August 3, 2011 | ISSUE 47•31 The intoxicated Federal Reserve chairman informs bar patrons of the dangers of reckless spending. SEWARD, NE—Claiming he wasn't afraid to let everyone in attendance know about "the real mess we're in," Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood's Corner Tavern about how absolutely fucked the U.S. economy actually is. Bernanke, who sources confirmed was "totally sloshed," arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of Miller High Life and a half-dozen shots of whiskey while loudly proclaiming to any patron who would listen that the economic outlook was "pretty goddamned awful ...
Further Greece bailout deeply flawed, Europe media fears excerpt: ... Ta Nea, a centre-left, pro-government Greek daily, welcomed what it said were signs from recent Greek negotiations with EU creditors that it would be able to spare the financially neediest Greeks from the next "austerity clamp". "Our lenders and partners do not wish to see the Greek economy collapsing. In this context the government can argue that to achieve targets Greek society must not be exhausted." But centre-left newspaper Ethnos said Prime Minister George Papandreou's Socialist government was caught "in an iron social and political vise" by popular resistance to more sacrifice. "The stance of society (veers between) negative to massively angry. All parties are refusing to work with the government and are asking for elections," Ethnos warned. The Eleftherotypia daily vented the view of many ordinary Greeks, blaming ...
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