Eurozone’s economy is basically in recession.
Walmart lowered expectations. Again.
The world is teetering on the edge of World War.
The US is launching Iraq War 3.0: Mission Accomplished Accomplished.
Germany’s economy is flat, and Italy and France are getting worse.
Risk is high.
Corporate debt is staggering.
The Fed’s balance sheet is a sea of monetized debt.
The central banks have nothing left to fix another crash.
And the stock markets are rocketing to record highs because of all this news.
Read more →Before you shed tears for the plight of elite bankers, let this statement sink in:
Cyprus’ banking sector must shrink. As did Ireland’s, the hard way. What is essential, as every Irishman and woman will tell you, is that the politicians do not load up the weaker citizen’s/taxpayers’ shoulders with enormous debts on behalf of bankers that refuse to wither.
Read more at https://www.nakedcapitalism.com/2013/03/yanis-varoufakis-while-waiting-for-cyprus-godot.html#dCKwchxGzzT2ljPx.99
That’s from Yanis Varoufakis, professor of economics at Athens University.
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