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Economics and Investing:
Now, the truth comes out: Banks
Won Concessions on Tests. I figured the "tests"
were rigged, but not quite so blatantly. And here are some more details on
the
"Buddy-Buddy" Creative Accounting: Fed
cut banks' deficits after negotiations: report. (Thanks to Roger Y. for
the links.)
Reader D.D. sent his one: Next
challenge for banks: Credit card losses Number usually tracks unemployment,
but this time it may be worse
Items from The Economatrix:
Global
Financial & Economic
Crisis: How Much Time Do We Have Left? "The US-Dollar has been technically
hyper inflated, even though no one is saying "the
king is nude!!"... Not yet, anyway..."
Imminent Global Stock Market Crash to Support US Dollar
The Clock is Ticking on the US Dollar and Bond Markets
BofE Braces For Third Wave of Financial Crisis
Desperate Baby Boomers Return to Work
Peter Schiff: Don't Be Fooled By Inflation
Short Sales: Banks Block Way Out of Foreclosure Crisis
Experts Say GM Bankruptcy is Almost Inevitable
Real Estate Crash Shifting to Commercial Properties
Welcome
to the Frozen Economy This is a flashback of a piece from July of 2008.
It shows how tough the times were in Maine then, before the big crash. Very
interesting reading. "My
neighbors are like deer caught in the headlights: frozen in fear as something
sinister,
implacable, and wholly unanticipated lurches toward them. A reckoning has begun
to unfurl like a dark flower, slowly at first, then gathering urgency and force.
This is not a short detour after all, but an untraveled road to an unknown
place from which there is no return, no escape…and we are not prepared."
On The Subject
of Bottoms "Also worth noting is the fact that the yield curve is
steepening in the U.S. and in other countries where governments are cranking
up the printing
presses,
signaling that investors are losing faith in those who control the public purse
strings."
