    LifeStraw Personal Water Filter - $19.95 Retail Price: $29.95 You Save: $10.00 from: Eartheasy.com   | To avoid the cost of banking bailouts falling on highly indebted eurozone governments, banks that fail the ECB stress tests will face having losses and writedowns imposed on their creditors telegraph.co.uk / By Bruno Waterfield / May 7, 2013, 5:16PM BST Uninsured depositors and bondholders in eurozone banks could face [...] zerohedge.com / By Tyler Durden / May 7, 2013, 11:03 -0400 The debate rages… Soros: ”The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should a member state exit the [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Monday, May 06, 2013 2:37 PM The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an “excessive imbalances procedure” by the end of the month. The problem [...] investmentwatchblog.com / May 6th, 2013 EU forecasts 2013 French slide into recession The European Commission published its highly anticipated spring forecasts on Friday, predicting a French slide into recession this year, with its economy projected to shrink by 0.1 percent. http://www.france24.com/en/20130503-european-union-commission-forecasts-2013-france-slide-recession Euro Unemployment Just Hit A Brand New Record High This is a devastating chart. [...] goldmoney.com / By Félix Moreno de la Cova / May 3, 2013 For the second month in a row US M3 has remained basically flat at just under $15.1 trillion, despite the Federal Reserve continuing its monetary injections of $85 billion per month. The Fear Index slipped slightly to 2.77%, while its 21-month moving [...] merkinvestments.com / By Axel Merk / April 30, 2013 Year-to-date, the U.S. dollar is up; does that mean we are in a rising dollar environment? Or is it an opportunity to diversify out of the greenback? Last year, with all the turmoil in the Eurozone, the euro was up 1.79% versus the [...] zerohedge.com / By Tyler Durden / April 30, 2013, 08:03 -0400 It appears the Eurozone Stockholm Syndrome of absolutely (mutual, but ignore that) Assured Destruction has once again bloomed in tiny Cyprus, where capital controls have now had their one month birthday despite promises for a “very short duration” by the IMF’s Lagarde, yet where [...] zerohedge.com / By Tyler Durden / April 30, 2013, 06:59 -0400 The weakness in economic data (not to be confused with the centrally-planned anachronism known as the “markets”) started overnight when despite a surge in Japanese consumer spending (up 5.2% on expectations of 1.6%, the most in nine years) by those with access to the [...] caseyresearch.com / By Chuck Butler / April 29, 2013, 1:22pm Good day. And a Marvelous Monday to you! Well, I told you on Friday, that the rain was coming our way, and we had a rain soaked weekend, but, I didn’t know it was going to be so darn cold, and raw. We’re almost to [...] zerohedge.com / By Tyler Durden / April 29, 2013, 06:59 -0400 With China and Japan markets closed overnight, activity has been just above zero especially in the critical USDJPY carry, so it was up to Europe to provide this morning’s opening salvo. Which naturally meant to ignore the traditionally ugly European economic news such as [...] yanisvaroufakis.eu / By Yanis Varoufakis / April 27, 2013 Any fair minded reading of the Bundesbank’s latest Constitutional Court deposition must lead to one of two conclusions: Either the Bundesbank has failed to recognise the existentialist threat to the Eurozone (that was placed in suspended animation during the past eight months or [...] dollarcollapse.com / by John Rubino / April 26, 2013 First-quarter GDP came in at an annualized rate of 2.5% this morning, which is not terrible as growth goes these days (Japan and most of the eurozone countries would love to be doing that well). But dig a little deeper and the picture gets darker. [...] zerohedge.com / By Tyler Durden / April 24, 2013 Those who think back to November 2011 will recall that it wasn’t Jon Corzine’s wrong way bet on Italian bonds that ultimately led to the bankruptcy of MF Global, well it did in part, but the real Chapter 11 cause was the sudden liquidity shortage due [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Wednesday, April 24, 2013 12:18 AM As expected in this corner, the Markit Flash Germany PMI® shows German private sector output declines for first time since November 2012. Key Points: Flash Germany Composite Output Index(1) at 48.8 (50.6 in March), 6-month low. Flash Germany Services Activity Index(2) [...] caseyresearch.com / By Chuck Butler / April 23, 2013, 1:27pm GMT Good day. And a Tom Terrific Tuesday to you! Well, it looks like it’s back to one of those Risk Off Days today. UGH! Not that one day of trading makes a trend, it’s just that I thought we had passed the days of [...] zerohedge.com / By Tyler Durden / April 23, 2013, 06:54 -0400 If there was any debate about the global economic contraction, driven largely due to pundits confusing manipulated stock market levitation with this anachronistic thing called the “economy” and fundamentals for the fourth year in a row, all doubts were removed after this morning’s manufacturing [...] telegraph.co.uk / By Jeevan Vasagar / April 22, 2013, 3:10PM BST Countries in the eurozone must accept that Europe “has the last word” and need to work together more closely if the continent is to avoid going into decline, German chancellor Angela Merkel has warned. The German chancellor was speaking [...] telegraph.co.uk / By Andrew Cave / April 21, 2013 The euro is trading at an inexplicably high rate to the dollar, preventing eurozone nations from finding growth, says Russian billionaire Oleg Deripaska. The euro traded at 90 US cents at launch but rocketed to a peak of $1.59 in July 2008. It [...] truthingold.com / By truthing / April 19, 2013, 07:07 Switzerland is to hold a referendum on a popular measure that would ban the central bank from selling its gold reserves and force it to keep at least 20 per cent of its assets in the metal. Under the terms of “Save our Swiss Gold”, which [...] Mr Schaeuble also said he supported a global minimum corporation tax rate and that he remained committed to tackle evasion and tax havens. Photo: AFP telegraph.co.uk / By Szu Ping Chan, and agencies / 2:32PM BST 19 Apr 2013 The European Central Bank should try to limit the amount of the liquidity in [...] caseyresearch.com / By Chuck Butler / April 18, 2013, 1:34pm GMT Good day. And a Tub Thumpin’ Thursday to you! Another crazy day in the markets yesterday. The markets were swing dancing all day. The dollar index had its largest 1-day upward move of 1.1%, but, Gold held onto a positive tone most of the [...] dailyreckoning.com / By Dave Gonigam / April 17, 2013 “Monday’s plunge has excited the Chinese market,” said the perky anchor on China’s English-language CCTV News. As we write, gold sits about where it did 24 hours ago, at $1,386. And CCTV devoted the first 10 minutes of its Biz Asiaprogram this morning to gold. There [...] zerohedge.com / By Tyler Durden / April 17, 2013, 09:49 -0400 When the final “bailout” structure of the Cypriot deposit-confiscatory bail-in was revealed in late March, the implied victory for the Troika (which has since notched up its demands for the insolvent country to now sell its 14 tons of gold) was that instead of [...] truthingold.com / By truthing / April 17, 2013, 07:44 After years of attracting strong demand from fearful investors, a crash in gold prices on Monday caught the financial world on the hop. In London the price was officially “fixed” at $1,395 per troy ounce, down 9.2% from Friday. Eight hours later on the New York [...] caseyresearch.com / By Marin Katusa / April 16, 2013 Chancellor Merkel, I am sure you are aware of the dire situation in Europe: Greece was “it” last year, Cyprus is this year, and let’s not get into who might be next in this merry-go-round of debt. Germany has been the relatively stable country holding [...] zerohedge.com / by Tyler Durden on 04/16/2013 12:16 -0400 One of the unexpected consequences of the recent plunge in the price of gold (for whatever reason, and there are many proposed explanations for why gold has tumbled, none of them completely accurate or comprehensive) is that when the European Commission set the precedent with [...] armstrongeconomics.com / By Martin Armstrong / April 15, 2013 The British Telegraph reported the comments of Professor Peter Bofinger, an adviser to Angela Merkel, that he made in Der Spiegel, demonstrating just how disconnected the academics are from the real world. They still live in the world of Marx and seem to have missed that [...] testosteronepit.com / By Wolf Richter / April 12, 2013, 8:29PM Bailouts start out small. At first, Cyprus just had a funding crisis; the markets had gotten smart, after years of dousing the country with cheap euros. Not that the risks weren’t there before. But markets opened their eyes. So Cyprus went begging [...] |
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