Silver as an investment

Tag Archives: austerity

Fitch Warns Congress: Quit F*ing Around

market-ticker.org / June 7, 2012 Here it comes…. NEW YORK — A Fitch Ratings executive said Thursday that the firm would likely downgrade US debt if the federal government does not get its fiscal house in order. Speaking at the firm’s global banking conference in New York, Fitch sovereign group managing director Ed Parker said […]

Why you should be excited about national bankruptcy

sovereignman.com / By Simon Black / June 7, 2012 One of the great absurdities of our modern financial system is that a nation living within its means, i.e. spending less than what it confiscates in tax revenue, is no longer the norm. Living within your means is now considered ‘austerity’. And unfair. Whether in the UK, Europe, […]

Why you should be excited about national bankruptcy

sovereignman.com / By Simon Black / June 7, 2012 One of the great absurdities of our modern financial system is that a nation living within its means, i.e. spending less than what it confiscates in tax revenue, is no longer the norm. Living within your means is now considered ‘austerity’. And unfair. Whether in the UK, Europe, […]

As France Lowers Retirement Age, Germany Better Be Ready To Pay For Austerity’s Unwind

zerohedge.com / by Tyler Durden / June 6, 2012 As noted earlier, Europe has been so obviously crippled by years of brutal austerity (which, as we pointed out before never actually happened), that it has had to experience the supreme indignity – a miserable two years of plunging flat GDP growth. Because under the old […]

Woebegone Cooperation and Austerity Successes

acting-man.com / By Pater Tenebrarum / June 6, 2012 The Pledges Marathon After euro-group leaders at their recent emergency summit number umpteen ‘vowed’ to do whatever was needed to stem the crisis, we now have another round of oath swearing by the G-7 group (one level up), which teleconferenced on Tuesday to discuss Greece and […]

Austerity And Debt Realism

project-syndicate.org / by Kenneth Rogoff / June 3, 201

CAMBRIDGE – Many, if not all, of the world’s most pressing macroeconomic problems relate to the massive overhang of all forms of debt. In Europe, a toxic combination of public, bank, and external debt in the periphery threatens to unhinge the eurozone. Across the Atlantic, a standoff […]

Nobel Laureate Says Globe Headed for Financial “Breakdown” and “Radicalism”

beaconequity.com/ by Dominique de Kevelioc de Bailleul/ June 1, 2012 The world is in the midst of a complete global economic “breakdown,” according to Nobel Laureate economist Paul Krugman, with the implications of political “radicalism” quickly brewing in Europe and the United States. “We are living through a time where we face an enormous economic […]

Nobody Likes Austerity, But You Have To Face The Facts

Nobody likes austerity and I don’t like austerity either. But sometimes you have to face facts. – in Moneynews  Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular […]

Nobody Likes Austerity, But You Have To Face The Facts

Nobody likes austerity and I don’t like austerity either. But sometimes you have to face facts. – in Moneynews  Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular […]

‘Ireland year away from Greek devastation unless austerity stopped’

Full script http://on.rt.com/bjinkx With close to 500,000 unemployed and 250,000 children living in poverty, Ireland is feeling the burden of austerity. Now the traumatized Irish economy is faced with even more cuts. Richard Boyd Barrett is a member of the Irish parliament and will vote “no” in a referendum on a fiscal pact with the […]