Lagarde Urges Recapitalization of Europe’s Banks By Sandrine Rastello, from Bloomberg Christine Lagarde, the new International Monetary Fund chief, said European banks should be forced to build up their capital to prevent the continent’s debt crisis from infecting more countries. Bolstering banks’ balance sheets “is key to cutting the chains of contagion,” Lagarde said today [...]
Bernanke, Geithner and Obama are the Movie Stars who are fronting for the International Capitalists who have invested Trillions in Asia. When Bernanke sits in a chair in front of a Congressional Committee and wrinkle his eyes and wipes his bald head, he is not thinking or deliberating about finance, he is trying to remember [...]
From Bloomberg Nouriel Roubini, the New York University professor who predicted the global financial crisis, said the world’s advanced economies will show “anemic” growth, while Japan is an “accident waiting to happen.” U.S. house prices may fall further and economic growth may slow to 1 percent by year-end, Roubini told a conference in Cape Town [...]
Gold Will Outlive Dollar Once Slaughter Comes By John Hathaway, from Bloomberg Opinion, Oct 28, 2010 9:00 PM ET The world’s monetary system is in the process of melting down. We have entered the endgame for the dollar as the dominant reserve currency, but most investors and policy makers are unaware of the implications. The [...]
