BILL GROSS: 'We Are Witnessing The Death Of Abundance'
Posted by admin / Under Credit Default Swap
BILL GROSS: 'We Are Witnessing The Death Of Abundance' Joe Weisenthal Febuary 1, 2012 In his latest monthly letter, PIMCO's Bill Gross has a long philosophical-sounding discussion about credit, delevering, and the difficult task facing Bernanke. The money line is this paragraph at the end: Where does credit go when it dies? It goes back to where it came from. It delevers, it slows and inhibits economic growth, and it turns economic theory upside down, ultimately challenging the wisdom of policymakers. We’ll all be making this up as we go along for what may seem like an eternity. A 30-50...
Published on Monday 6th of February 2012 03:47:29 AM
S&P Sounds Alarm On US, G20 Downgrades
Posted by admin / Under Credit Default Swap
S&P Sounds Alarm On US, G20 Downgrades Antonia van de Velde, CNBC January 31, 2012 Concerns over the size of United States debt reared their head once again as ratings agency Standard & Poor’s warned that health care costs for a number of highly-rated Group of 20 countries, including the U.S., could hurt growth prospects and harm their sovereign creditworthiness from the middle of this decade. S&P downgraded the United States credit rating for the first time ever in August of last year. "Governments' fiscal burdens will increase significantly over the coming decade, with the highest deterioration in public finances...
Published on Monday 6th of February 2012 03:47:29 AM
Obama deseves credit for the Iraq "surge"!
Posted by admin / Under Credit Default Swap
No doubt about it, President Obama deseves credit for the Iraq "surge". The AP reported on Tuesday that, "Attacks in Iraq have 'surged' since the U.S. troops left. [Because Obama refused to leave a residual force of U.S. troops in Iraq.] More than 160 people have been killed since the beginning of the year." Clearly, Obama deseves credit for the "surge" in Iraq.....
Published on Monday 6th of February 2012 03:47:29 AM
Nov. consumer credit surges by $20.4 billion
Posted by admin / Under Credit Default Swap
WASHINGTON (MarketWatch) -- U.S. consumers increased their debt in November by a seasonally adjusted $20.4 billion, the largest increase since November 2001, the Federal Reserve reported Monday. Monthly debt rose at a 10% annual rate in November, a much faster pace than had been expected by Wall Street economists.
Published on Monday 6th of February 2012 03:47:29 AM
Uncle Sam joins car business with $250,000 Chevy Volt
Posted by admin / Under Credit Default Swap
The Chevy Volt, much like former East Germany’s Trabant, is a centralized government planner’s idea of what an automobile should be. The Trabant, incidentally, was dubbed one of the worst cars produced -- ever. But what government bureaucrats believe is “good” for us generally has little to do with what consumers are looking for. The two concepts are as different as Barack Obama and Ronald Reagan.
Published on Monday 6th of February 2012 03:47:29 AM
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