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Big apologies but no change in behavior, a rise in consumer confidence, a rise in scandals, a shaky us earnings season, negative corporate outlooks, HSBC in a flaky apology, Barclays takes one for the team.
LIBOR in the news, Barclays Bankster in the hot seat, LIBOR manipulations amount to the largest scam ever perpetrated through the banking system. Of course, we wont expect a thorough crimnial investigation, JP Morgan again over manipulating energy prices in California and the Midwest, whistle blowers calling down the IRS.
The meaning of Obamacare, buyers and dissenters of broccoli, drug war revelations, US government immune to Syphillis, Megaupload seizures ruled illegal, tactics increase against file servers, the power to destroy free speech online by the hands of the state.
Forecasting the death throes of the global economic system is hardly cause for celebration, trillions in bailouts in the last five years, Fed members funneled trillions emergency Fed money into their own banks, effects of bubble unravelling the economy in earnest, cash strapped towns swindled by GE Capital.
Market and employment statistics doubtful, the devil in the details, worries center on Greece, bankers pondering more crashes, Spanish banking system in worries, only a matter of time before we see the economic house of cards for what it really is.
Lackluster G7 meeting, Fed prompted to shift gears, a new round of quantitative easing could be upon us, pressure upon Iran for its nuclear program, no room for the central bank to maneuver. The lost virtue of defiance.
Bob Chapman passed June 4th, 2012.
US economy to lag despite all its efforts, bleak view from the labor market, are states broke... how states and municipalites could bypass Wall Street, stupid decision in the economy, losses in the Economy could increase.
Little success for Brown in California fiscal crisis, teachers have a lesson for Wal Mart, JP Morgan under investigation again for its recent 2 billion in losses, China can now bypass Wall Street and go to US Treasury to buy US debt, a need for measured efforts to bolster the economy.
California social programs battered by a poor economy, Ally financial unit in bankruptcy, US debt advances, European fear of Greece departure from Euro, Drops in Energy and Financial shares on S&P index, big loss at JP Morgan. Goldman Sachs and Merril Lynch in naked short selling scandal.
April sales pale, new direction for France under Hollande, Greece in a mess, Spain in trouble, Fed working beyond public policy, but not aware of its impacts beyond US borders, former presidents expenses paid by taxpayers, financial headaches for California.
Taxes and bonds to pay for retirements, as well as all the debt and mismanagement, Apple goes offshore to hide its riches from paying taxes, Europe in a new age of austerity, Banks exerting more power than ever, manufacturing cooling as investment eases.
Zero interest rates mean zero movement for elitists, austerity for Europe, Spain pushes IMF away, cheaper borrowing helping to stabalize the home market, US consumer confidence down, student debts way up, fears that growth is not fast enough.
The deception continues, silver manipulation, a criminal enterprise in the gold and silver markets, pension needs underestimated for an aging population, J.P. Morgan and Wells Fargo grilled by analysts, competing narratives in the market.
Capital controls, IRS runs the US police state, no third round of quantitative easing, Royal Bank in royal trouble, payrolls down, Stocton in hock, the recession of 1937 revisited, debt growing faster than gdp, still more austerity plans for Greece.