Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute (ECRI), talks about the U.S. economy and his recession call with Tom Keene on Bloomberg Television.
ECRI Sticks with US Recession Call
Link if video does not pla…
"Wall Street is Little More than Glorified Crack House"; ECRI Sticks with US Recession Call; So Do I; So Does John Hussman, with Odds Above 80%; SF Fed has 50-50 Odds
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December 9, 2011 By Leave a Comment
Cameron Finally Tells Sarkozy Where to Go; New treaty Splits European Union; Extreme Legal Complications Already; Expect Discord to Rapidly Spread
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December 9, 2011 By Leave a Comment
UK prime minister David Cameron was ready to sign on the Merkozy treaty dotted line if he got exceptions to some UK-unfriendly rules.
When Sarkozy refused to go along, the two got into a nice verbal feud, and Cameron finally said what he should have s…
Moody’s Downgrades French Banks Again Citing Significant Deterioration in Liquidity and Funding Conditions; EU Banks Must Raise $153 Billion of Extra Capital; Banks Running to Stand Still
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December 9, 2011 By Leave a Comment
Moody’s downgraded Credit Agricole, BNP Paribas, and Societe Generale today. This is fresh on the heels of a September downgrade of Credit Agricole and Societe Generale in September.
Please consider French bank ratings downgraded again by Moody’s
Cred…
New Euro Accord Consists of 23 Countries; UK, Hungary to Exit New Treaty; Expect More Exits; Treaty Signers Need to Collectively Pony Up $268 billion to IMF
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December 9, 2011 By Leave a Comment
Tonight we have news that only 23 of 27 nations will agree to new treaty. Please consider New euro accord to include 23 countries
The president of the European Council said Friday that a new intergovernmental treaty meant to save the euro currency will…
Finland, Netherlands, Ireland Threaten to Torpedo Merkozy Plan; Finnish Parliament Rules Proposed Treaty changes "Unconstitutional"
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December 8, 2011 By Leave a Comment
So much for the idea of the Merkozy plan making it to March or May for a vote. It may not make it to tomorrow.
The Telegraph reports Euro summit rocked by row over veto planHours before leaders arrived in Brussels , the Finnish parliament ruled that …
