My 17 Lehman Systemic Risk Indicators are Now Flashing Yellow… Quote from...
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U.K. Prime Minister: Popularity is a Post-Election High, Plans to Cut Welfare by 43%
Article by Robert Winnett and James Kirkup, The Telegraph People living in benefit-dependent households have been urged by the Prime Minister to “go out and work” rather than complain about the loss of welfare payments. David Cameron said that living on welfare had become an “acceptable alternative” to working and suggested that benefit payments were [...]
Washington Week Ahead: January 23rd-27th
Courtesy of DC Tripwire Major Actions This Week: White House On Wednesday, the Obama Administration announced that they would not approve the Keystone XL pipeline. Yesterday, President Obama traveled to Orlando, FL, to announce his initiative to promote tourism in the U.S. as a part of his “We Can’t Wait” campaign of executive actions. Senate [...]
Bonds Show Return of Crisis Once ECB Loans Expire
Article by Paul Dobson, Emma Charlton and Lucy Meakin, Bloomberg European Central Bank President Mario Draghi’s unlimited three-year loans to euro-region banks may give Italy and Spain only temporary respite from the region’s debt crisis. Two-year Italian and Spanish notes rallied since the ECB said Dec. 8 that it planned to offer as much liquidity as [...]
Economy Improves But Recovery Hurdles Persist
Article by Lucia Mutikani, Reuters The number of Americans filing for new jobless benefits dropped to an almost four-year low last week, and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year. But the pace of growth probably will slow. Analysts cautioned the drop in jobless claims [...]
IMF Seeks $500B to Lending Resources
Article by Simon Kennedy, Bloomberg The International Monetary Fund is proposing to raise its lending capacity by $500 billion to insulate the global economy against any worsening of Europe’s debt crisis, according to a person familiar with the talks. The Washington-based lender currently has about $385 billion available to lend and wants to lift that to $885 [...]
Disapproval of Congress Hits New High: Poll
Article by JoAnne Ellen, Reuters A record 84 percent of Americans say they disapprove of the way the Congress is doing its job compared with just 13 percent who approve of how things are going, according to a Washington Post/ABC News public opinion poll published on Monday. The disapproval rating for Congress inched up two [...]
Euro Officials Say the EU Bailout Fund Has Enough Funds After Downgrade
Article By Patrick Donahue, Rainer Buergin, Josiane Kremer, John Fraher, Bloomber European officials said the euro region’s temporary bailout facility has enough funds to deal with the sovereign debt crisis after losing its top credit rating at Standard & Poor’s. “The EFSF has sufficient means to fulfil its commitments under current and potential future adjustment [...]
Larry McDonald Gives Outlook on Eurozone
‘A Colossal Failure of Common Sense,’ author Larry McDonald gives his outlook for the European markets. Watch the latest video at video.foxbusiness.com
How Much Risk Does U.S. Face From Europe?
Former Lehman Brothers V.P. Larry McDonald on the S&P downgrades in Europe and their impact on U.S. banks. Watch the latest video at video.foxbusiness.com
Washington Week Ahead: January 16th-20th
Courtesy of DC Tripwire Major Actions This Week: White House On Wednesday, President Obama and Vice President Biden hosted experts at the White House to focus on what can be done to encourage businesses to keep jobs and investment in the United States. On Friday, the President announced a plan to merge the Commerce [...]
