“What an unfortunate mess..”

Maman Poulet has a collection of links reacting to the Republic of Ireland’s government tax-payer guarantee to the banks, ... to Germany’s national debt. Also, to add an almost comic element to Germany’s evasive action, almost ... banks. Meanwhile Germany has joined in, apparently in response to a consortium of banks withdrawing [more...]

Date: 2008-10-05 19:36:16

Blog posts (130) | Videos (57)
 

Here comes the yuan devaluation

Notice that whenever an economic prediction turns out to be correct these days, it's almost never made by a Keynesian or a Monetarist: " ... that simple? By that logic, debt-ridden, big-government countries like Italy, France, and Germany should ... " persuasion, ie hates excess debt -- was one of the very few economists to see this whole crisis coming [more...]

Date: 2009-01-15 21:15:00

Xing the Atlantic

-Contact Thomas Rasmussen In 2008, online social networking was the buzzword of choice ... up on this with more acquisitions in 2009, particularly as social-networking competition goes global. Based in Germany ... , no debt and is cash-flow positive on roughly $50m in trailing 12-month revenue.) Companies that we think [more...]

Date: 2009-01-14 20:44:24

Bond Expert: Wednesday Outlook

Prices of Treasury coupon securities remain ensconced safely in their recent range, and retreated modestly in overseas trading ... and Italy and Germany issued debt overnight, and that issuance probably caused a little financial [more...]

Date: 2009-01-14 14:00:49

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

By Edward Hugh: Barcelona Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in ... on consumer spending financed by debt," Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany [more...]

Date: 2009-01-09 08:37:43

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... by debt,"Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany is extraordinarily misplaced [more...]

Date: 2009-01-09 08:36:00

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... by debt,"Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany is extraordinarily misplaced [more...]

Date: 2009-01-09 07:57:00

Wednesday's news round-up

Here is a round-up of the aviation-related stories posted on USATODAY.com during the past 24 hours ... Zambian Airways is blaming high fuel prices and debt for the need to ground its planes. Alaska ... : Germany's Lufthansa said Monday that passenger traffic on its flagship airline grew 1.2% in 2008, although [more...]

Date: 2009-01-15 04:55:21

Rideus interruptus

Just as we were about to reach the top of the steepest part of the ride this morning, my cellphone starts to ring ... of it all (the one from Nolo Press).  Some of it I already knew about (e.g. the 28/36 rule on debt ... she signed up for (things work a little differently here than in Germany).  The other issue [more...]

Date: 2009-01-15 17:15:32

Global Banking Crisis In The Making

In the past, i would never have believed the possibility of Citibank encountering severe financial crisis let alone on the brink of bankruptcy ... the Great Depression is hurting banks worldwide. Deutsche Bank AG, Germany’s biggest banks, reported a loss of about 4.8 billion euros as it increased provisions for bad debt. Citigroup is selling its best [more...]

Date: 2009-01-14 16:09:00

Is German (and Japanese and Chinese) frugality the problem?

Martin Wolf writes in today's FT: What are Germany's characteristics? ... , Portugal, and Spain--but mainly Greece) are at some risk of defaulting on their debt if the recession drags ... and Greeks and others) never would have been able to run up so much debt and get into so much financial [more...]

Date: 2008-12-10 11:51:44

Energy Blast - Jan 13th, 2009

Germany's RWE has agreed to buy Dutch utility Essent for €9.3 billion ($12.5 billion) including debt, in a bid to become a competitor for E.ON, but the news sent its share price down, with analysts [more...]

Date: 2009-01-08 14:41:09

Quantitative easing: the case for ‘printing money’

‘Brown plans to print more money’ was the front-page headline on tonight’s Evening Standard, ... or buy government and corporate debt so that long term interest rates fall. Quantitative easing ... point up the hyper-inflation of Weimar Germany, while Mason pointed out that comparisons with Zimbabwe [more...]

Date: 2009-01-08 00:08:59

Headline of the Day

From the Financial Times comes this headliner: "Germany to ban excessive borrowing" Naturally, ... consumer borrowing, but I was surprisingly wrong. Here's the lead paragraph: Germany will change its constitution to ban excessive public borrowing and impose strict new rules to ensure the extra debt [more...]

Date: 2009-01-14 13:53:54

Asian stocks plunge on US retail sales, bank fears

Asian stocks tumbled Thursday, with benchmarks in Japan and Hong Kong dropping 4 percent or more, on gloomy U.S ... worries about the financial system. Deutsche Bank AG, Germany’s biggest bank, on Wednesday reported ... Everybody is worried the global recession will hurt bank earnings because of bad debt,” said Francis [more...]

Date: 2009-01-15 04:33:00

Germany to ban excessive borrowing

Germany will change its constitution to ban excessive public borrowing and impose strict new rules to ensure the extra debt created by its latest fiscal stimulus package is paid off as soon [more...]

Date: 2009-01-14 05:26:52

Asian Stocks Plunge Overnight

Asian Stocks Plunge Overnight By newsroom | - 12:21 am - Posted in Business News, Economy, Financial News, Stock Markets, ... , Germany’s biggest bank, on Wednesday reported a 4.8 billion euro ($6.4 billion) loss for the fourth ... bank earnings because of bad debt,” said Francis Lun, general manager of Fulbright Securities Ltd [more...]

Date: 2009-01-15 05:21:58

Machan (Sri Lanka/ Italy/ Germany)

Country: Sri Lanka/ Italy/ GermanyProduction Company: Babelsberg Film/ Rai Cinema/ Redwave Films/ Shakthi Films/ StudioUraniaGenre: ComedyDirector: ... , is losing his fight against overwhelming debt, looking after crazy aunts and a young brother on the way ... what handball is, a bogus application to the tournament is submitted and soon a mismatched collec [more...]

Date: 2008-12-01 08:03:00

Australia’s Premier Gold Bug Conference

This weekend's edition of the Daily Reckoning is a little unusual. Dr. Alex Cowie is on holiday in Queensland and I've only just returned from a publishing conference myself. And because I was travelling this week, I didn't write a full complement of Daily Reckoning notes. So instead of reviewing the week's events, I thought I'd tell you about a noteworthy phone conversation I had on Friday morning. "Australians are staking a lot on their understanding of what's really going on with gold. [more...]

Date: 2009-09-28 07:03:19

SAR #9270

You did not miss out, you did not escape; you're next. Job Opportunity : The US has an immediate opening for someone to convincingly explain how an economic recovery can lead to 3% GDP growth if the consumer is unemployed. Speed Trap : Global warming is exceeding the most extreme predictions of the last IPCC report, as global carbon emissions have accelerated from a 1.1% annual increase to over 3.5% per year. Events the IPCC saw as unlikely to ever occur are already happening. [more...]

Date: 2009-09-28 12:30:00

The Socialist Strategy

By Daniel Greenfield Tuesday, September 29, 2009 Government is essentially a national management system, taking on those tasks that it would be unwise or unworkable to turn over to the free market. Good government functions as intended. Bad government takes over the nation and becomes an absolute force, looting and raiding public resources, suppressing individual freedoms in order to keep itself in power. In olden days this sort of government was considered a tyranny. [more...]

Date: 2009-09-29 21:15:03

Group of 20 Agrees on Far-Tighter Financial Rules

One year after a financial crisis that began in the United States tipped the world into a severe recession, leaders from both rich countries and fast-growing powerhouses like China agreed Friday to a far-reaching effort to revamp the economic system, The New York Times’s Edmund L. Andrews reported from Pittsburgh.The agreements, if carried out by national governments, would lead to much tighter regulation over financial institutions, complex financial instruments and executive pay. [more...]

Date: 2009-09-25 23:49:39

Inflation is Our Future

On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention that we will get neither deflation nor hyperinflation. If my assessment is correct, once business activity picks up, our world will have to deal with high inflation. [more...]

Date: 2009-09-29 19:30:47

Salzgitter sets 7-yr convertible bond

FRANKFURT, Sept 29 - Germany's No.2 steelmaker Salzgitter became the latest in a string of German companies to tap into investors appetite for corporate debt, placing a 296 million € convertible bond. The company said on Tuesday it placed its sev ... [more...]

Date: 2009-09-29 17:05:01

LaRouche hyperinflation warning: Fed money printing is criminally insane

Media Release  - Citizens Electoral Council of AustraliaHearings in the U.S. House Financial Services committee on 25th September underlined, for those who are not stupid, that the U.S. Federal Reserve, backed by the White House, totally rejects any and all disclosure of its activities to anyone.What are they hiding? The criminality and outright treason of the Federal Reserve in threatening a 1923 Germany-style hyperinflationary wipeout of the United States, with its out-of-control printing of money. [more...]

Date: 2009-09-28 23:29:55

Market Commentary From Monty Guild

Dear CIGAs, The end of September is here.  We wish you a happy and healthy fall season in the northern hemisphere and spring in the southern hemisphere. THE G-20 MEETING Last Thursday and Friday, the G-20 meeting was held in Pittsburgh.  At this meeting, it was decided that world economic power, which had been the bailiwick of the eight G-8 countries, should be broadened to give more voice to twelve additional countries.  This gives the G-20 power to set world economic policies.  The [more...]

Date: 2009-09-29 19:30:43

The Socialist Strategy

Government is essentially a national management system, taking on those tasks that it would be unwise or unworkable to turn over to the free market. Good government functions as intended. Bad government takes over the nation and becomes an absolute force, looting and raiding public resources, suppressing individual freedoms in order to keep itself in power. In olden days this sort of government was considered a tyranny. [more...]

Date: 2009-09-29 03:15:00

Parties make final push before election

THE LOCAL GERMANY Germany’s rival politicians made their final pleas for votes on Saturday, the last day of campaigning for a tense election that is expected to hand Chancellor Angela Merkel a second term in office The 55-year-old Merkel has won plaudits at home and abroad for her steady and calm leadership through the crisis that has hit Europe’s top economy harder than most, and surveys indicate Germans are in no mood for change at the top. [more...]

Date: 2009-09-26 12:28:22

Divinity, Love & Living!

Last week I announced that we were going to be embarking on a fabulous new adventure — & here we are! My amazing friend & psychic advisor Joycelle will be doing weekly readings right here! Am I on the right path & is this a viable career choice? I’m feeling as if the relationship I am in is falling apart, just wondering what to do & if the right person is ever going to come along. [more...]

Date: 2009-09-29 01:04:07

Words from the (investment) wise 9.27.09

Words from the (investment) wise for the week that was (September 21 – 27, 2009) After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 12:05:27

Weekly remarks: GOP sees more taxes, debt in healthcare reform; Obama sees progress at UN

Weekly Republican Remarks by Rep. Johnny Isakson of Georgia, as provided by the Republican National Committee Hello, I'm Senator Johnny Isakson from Georgia. First, I want to send my condolences to the families of those who have lost their lives in the floods that have devastated my home state this past week. I am working with Senator Saxby Chambliss , Governor Sonny Perdue and the administration to bring federal assistance to those who have suffered damages. [more...]

Date: 2009-09-26 10:00:00

Germans vote Sunday in national election

BERLIN, Germany (CNN) — Germans concerned about economic recovery and job security head to the polls Sunday to determine whether Chancellor Angela Merkel will win another four-year term. Voters will not vote for her directly, but will choose members of the lower house of parliament, or Bundestag, who will pick the head of government. Each German will have two votes — one for a member of parliament representing a district and another for a political party. [more...]

Date: 2009-09-26 20:30:06

Top 10 at 10: Chicken feet fight; PGC in Jacks Point?; PGC like a ’speculative IPO’; Dilbert

Here are my top 10 links from around the Internet at 10am. I welcome your additions and comments in the comments below or please send suggestions for Tuesday’s Top 10 at 10 to bernard.hickey@interest.co.nz We do not have a procedure for writing policies at interest.co.nz… 1.  Just what we don’t need - Trade tensions between China and United States are escalating despite an apparent backdown in Washington. [more...]

Date: 2009-09-27 21:04:24

Words from the (Investment) Wise (Sept. 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 14:33:29

Financial News Update – 09/27/09

WORLD BANK PREZ WARNS OF DOLLAR RIVAL Social Security strained by early retirements Michigan faces govt. shutdown Unemployment rate for young explodes to 52.2% Risky business: States tax the rich at their peril MYC Mayor Bloomberg Calls for Federal Security Funds SurvivalBlog : Dollar under scrutiny at G20 summit Lost Vegas: Living Underground in Flood Tunnels. [more...]

Date: 2009-09-28 01:13:41

War Made Easy_Brainwashing…Why a Global Economic Deluge Looms June 2006!!

  War Made Easy… http://www.warmadeeasythemovie.org/ War Made Easy  Reaches into the Orwellian memory hole to expose a 50-year pattern of government deception and media spin that has dragged the United States into one war after another from Vietnam to Iraq. Narrated by actor and activist Sean Penn, the film exhumes remarkable archival footage of official distortion and exaggeration from LBJ to George W. [more...]

Date: 2009-09-29 14:26:05

Hyperinflation: "Millions, Billions, Trillions And Then..."

“Millions, Billions, Trillions And Then...” by John Ing "$16 for a loaf of bread? Money carried in wheelbarrows? Hyperinflation, an event from the past? Most investors today are now familiar with the lessons of the Great Depression. But few are so sanguine about the lessons of the 20s and the Weimar Republic's hyperinflation. History is full of examples of countries that failed to pay their debts, opting instead for hyperinflation to pay their bills. [more...]

Date: 2009-09-26 16:16:00

Putting Out Fires During Noah’s Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... sure that a policy of cheap money does not lead to a new growth bubble founded on credit ... by debt,” Apart from the point Krugman wants to implicitly make about interest rates, the point [more...]

Date: 2009-01-09 08:21:49

The Global Carry Trade and the Crimes of Patriots

This article was submitted by The Institutional Risk Analyst “In a government of laws, the existence of the government will be imperiled if it fails to observe the law scrupulously. Our government is the potent, the omnipotent teacher. For good or ill, it teaches the whole people by its example. If government becomes a lawbreaker it breeds contempt for law: it invites every man to become a law unto himself. [more...]

Date: 2009-09-28 15:37:24

Risk Strategy In Uncertain Times

You always hear people quoting the great Warren Buffet, "Buy when there is blood in the streets." But today's investment climate seems to be different than anything we have ever seen before. Should we still be buying, or is now the time to go ultra-conservative? What about something in between? At this point who honestly knows? [more...]

Date: 2009-01-08 02:13:42

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

Words from the (investment) wise for the week that was (September 21 – 27, 2009)

After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 07:51:48

The Weimar Hyperinflation? Could it Happen Again?

Some worried commentators are predicting a massive hyperinflation of the sort suffered by Weimar Germany in 1923, when a wheelbarrow full of paper money could barely buy a loaf of bread. An April 29 editorial in the San Francisco Examiner warned: “With an unprecedented deficit that’s approaching $2 trillion, budget proposal is a surefire prescription for hyperinflation. [more...]

Date: 2009-09-26 11:49:27

Credit Crisis - Signs of Progress

Are the various central bank liquidity facilities and capital injections having the desired effect of unclogging credit markets and restoring confidence in the world’s financial system? This is precisely what the “Credit Crisis Watch” is all about – a regular review of a number of measures in order to ascertain to what extent the thawing of [more...]

Date: 2008-12-26 12:00:33

DDR Offers Senior Unsecured Notes – Analyst Blog

Developers Diversified Realty Corporation ( DDR ), a real estate investment trust (REIT), has recently offered $300 million of senior unsecured notes scheduled to mature in 2016, at a price of 99.42% with a yield to maturity of 9.75%.  Developers Diversified expects to raise net proceeds of approximately $295 million, after deducting underwriting discounts and other expenses related to the offering. [more...]

Date: 2009-09-29 15:50:10

Global Bear Market Grips EMU, Threatens Monetary Union

About 12 months ago at a Sovereign Society conference in St. Kitts, I asked the audience if they were bullish or bearish about the U.S ... credit crisis costing the country trillions and massive trade and budget deficits. Just staggering ... poised to unravel this year as the credit crisis comes home to roost in a big way as weaker EMU (European [more...]

Date: 2009-01-15 14:19:03

Flotsam and Jetsam

Flotsam and Jetsam Jennifer Rubin - 01.04.2009 - 9:28 AM Gloria Steinem comes up with a good idea (yes, she’s long overdue) ... to repay them, even as it launches perhaps the most aggressive expansion of U.S. debt in modern history ... all that debt might be a problem for the U.S. government? Some others are worried about a “time bomb” given [more...]

Date: 2009-01-04 14:28:49

6 Money Management Software For Personal Finance (Freelancer’s Special)

Being a freelancer is not easy and more so in these troubled times of worldwide recession ... get themselves under debt by making certain bad decisions or investments. Lets take a look ... which was first introduced back in 1991. It can be used to keep record of loans, mortgages [more...]

Date: 2009-01-08 14:41:12

Gates of Vienna News Feed 1/5/2009

Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, the Italian government — all are pressuring Israel for a ceasefire. The surprise is Dutch Prime Minister Jan Peter Balkenende, who states that it would be pointless to condemn Israel without addressing what Hamas is doing [more...]

Date: 2009-01-06 04:54:00

Gates of Vienna News Feed 1/2/2009

In tonight’s news: Israel is poised to send ground troops into Gaza.A Muslim family was removed from a plane before takeoff, and is being compensated by the airline for the error. CAIR is in high dudgeon about the incident.Thousands of shoes were dumped on a Miami expressway — is that a message for President-eject Bush? [more...]

Date: 2009-01-03 04:42:00

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