Tags » Inflation

July 2, 2015

Stocks opened sharply higher but quickly gave way. The Dow is now down 19 pts and the SPX is off .07%. Utilities, telecom and energy sectors are still in the green, however.   364 more words

"Obama Poll Numbers Up," and other news headlines worth noting

Hey, did you hear that Barack Obama’s poll numbers are up?

“Obama Approval Rating Hits Two Year High” <Yahoo Politics, link>

Wow, good for you mr. 526 more words

Cultural Barometer

Why a NO vote in the Referendum is a Yes for a proud Greece in a Decent Europe - Talking with Phillip Adams, on LNL ABC Radio National

https://varoufakis.files.wordpress.com/2015/07/abc-lnl_20150701_2220-with-greek-national-anthem.mp3

Late Night Live has been a daily companion of mine since 1989. Phillip Adams, its presenter, is someone I consider a friend (he, in fact, interviewed me in 1991 on the… Greek crisis!). 25 more words

Ελληνικά

ETFalpha reblogged this on EMerging Equity and commented:

Why Yanis Varoufakis recommends a NO in the referendum – in 6 short bullet points

1) Negotiations have stalled because Greece’s creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should be repaid ‘parametrically’ by the weakest members of our society, their children and their grandchildren.

2) The IMF, the United States’ government, many other governments around the globe, and most independent economists believe — along with us — that the debt must be restructured.

3) The Eurogroup had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure.

4) Since the announcement of the referendum, official Europe has sent signals that they are ready to discuss debt restructuring. These signals show that official Europe too would vote NO on its own ‘final’ offer.

5) Greece will stay in the euro.  Deposits in Greece’s banks are safe.  Creditors have chosen the strategy of blackmail based on bank closures. The current impasse is due to this choice by the creditors and not by the Greek government discontinuing the negotiations or any Greek thoughts of Grexit and devaluation. Greece’s place in the Eurozone and in the European Union is non-negotiable.

6) The future demands a proud Greece within the Eurozone and at the heart of Europe. This future demands that Greeks say a big NO on Sunday, that we stay in the Euro Area, and that, with the power vested upon us by that NO, we renegotiate Greece’s public debt as well as the distribution of burdens between the haves and the have nots.

Below, Yanis Varoufakis talking with Phillip Adams, on LNL ABC Radio National ...

Martin Feldstein Drags Out The Inflation Bogeyman One More Time Again

A Benjamin Cole post

The Federal Reserve must end its “excessively easy monetary policy can no longer achieve a sustained increase in employment.”

So says (again) Martin Feldstein, renowned Harvard econ prof, old Reaganaut, writing on June 29 for the… 408 more words

Benjamin Cole

Price of an iPhone 6 in Venezuela

In America, famous people like Michael Moore and Sean Penn will tell you how much the U.S. needs to adopt Venezuela’s political/economic system.

Unfortunately for them there is this thing called the media and they keep track of Venezuela’s dire situation. 46 more words

Indiana

We Are All Greeks! Europe Only Has a Future With the New Silk Road

Source: LaRouche PAC, by Helga Zepp-LaRouche

It’s not Greece which has failed, but rather Chancellor Merkel, Finance Minister Schäuble, the EU Commission, the European Central Bank, and the IMF. 392 more words

Financial/Societal Collapse And Dependence

ETFalpha reblogged this on EMerging Equity.