Gross: Recession Risk Overtaking New Normal By Liz Capo McCormick, From Bloomberg Bill Gross, the manager of the world’s biggest bond fund, said the global economy risks lapsing into recession with the pace of growth falling below the “new normal†level the firm has predicted since 2009. “Sovereign balance sheets resemble an overweight diabetic on [...]
The leaders of the U.S.A. and the E.U., both in the scenes and behind the scenes, are the greatest assembly of idiots in the history of mankind. Everything they do makes the economic, political and social scenarios worse day after day. One has to wonder, no matter what their goal, whether it is to rob [...]
By Stephen Kirkland,from Bloomberg Stocks fell, Italian bonds dropped for an 11th day and the cost of government and bank default insurance rose to records on concern Europe’s debt crisis will worsen. The euro weakened, while the dollar and gold gained. The MSCI All-Country World Index sank 1.6 percent at 8:20 a.m. in New York. [...]
Original article written by Jennifer Ablan and Daniel Burns, from Reuters Bill Gross, manager of the world’s largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States. Gross, the co-chief investment officer at Pacific Investment Management Co., which oversees $1.2 trillion, [...]
The European Debt Crisis is making the equity markets go up and down like a Yo-Yo, as traders react to every bit of news coming from the politicians that are the puppets of the European Power Groups. The European Power Groups are the Banks of Europe and the giant Trading Corporations. They own and pay [...]
The big banks of Europe are pressuring Germany to bail them out of Greece, Portugal and Ireland. Their argument: “Save the Euro!” It is well known that the banks mean: “Save us!”. Have the Europeans forgotten the USSR?
EU Considers Sweeteners for Greek Debt Extension By James G. Neuger, from Bloomberg Greece’s next aid package may include incentives for bondholders to roll over maturing debt without triggering a credit-rating downgrade that would roil Europe’s banking system, two people with knowledge of the talks said. Investors may be given preferred status, higher coupon payments [...]
Now that DSK is facing jail time for rape attempt, the IMF will be needing a new leader. An Asian would be a good option.
