2012 Redux - They Really Don't Know What They Are Doing
Submitted by Jeffrey Snider via Alhambra Investment Partners,
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Europe
The New Middle Kingdom Of Concrete And The Red Depression Ahead
Submitted by David Stockman via Contra Corner blog,
What in the World is Going on with Banks this Week? Emergency meetings, banker summits, crashing European banks.......
Written by David Haggith - The Great Recession Blog
Just about every major banker and finance minister in the world is meeting in Washington, D.C., this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is going down. Let’s start with a bullet list of the week’s big-bank events:
SocGen: "Now We Know Why The Fed Desperately Wants To Avoid A Drop In Equity Markets"
With the ECB now unabashedly unleashing a bond bubble in Europe of which it has promised to be a buyer of last resort with the stronly implied hint that European IG companies should issue bonds and buy back shares, and promptly leading to the biggest junk bond issue in history courtesy of Numericable, it will come as no surprise that the world once again has a debt problem.
How The Oil Crisis Has Impacted Military Spending
Submitted by Irina Slav via OilPrice.com,
A report by the Stockholm International Peace Research Institute has revealed that most of the world’s nations hiked their military budgets last year, marking the first increase in spending since the 2008 crisis.
It seems that the only ones not taking part in this military spending hike are some of the world’s biggest oil producers.