Wealth Wire Archives
Economy ArchivesThe Fed Policy is Just Beyond Stupid... - 2011-01-11
The Federal Reserve continues to pump more money in the system, and the building inflation continues to pus commodity prices higher and higher.
Europe May Beef Up Bailout Fund - 2011-01-11
While Portugal sees no need for help, there are reports that European leaders are trying to put together a bailout plan for the struggling country, as Portugal's financial numbers are rather startling.
Home Value Declines Surpass Those of Great Depression - 2011-01-11
"That's more than the 25.9% decline in the Depression-era years between 1928 and 1933."
What the Ibanez Decision Means for Homeowners and Investors - 2011-01-11
This could mean an "apocalypse for commercial banks"
On Jobs, President "Clueless" Really Doesn't Get It - 2011-01-11
"Or, maybe, his advisers would like Mr. Obama to just keep telling fairy tales."
Roubini: What Europe Needs to Prevent a Collapse - 2011-01-11
This is likely to be a much talked about interview... Check it out.
Just How Badly Has the US Economy Collapsed Since 2007? - 2011-01-11
"In 2007, the "official" federal budget deficit was just 161 billion dollars. In 2010, the "official" federal budget deficit was approximately 1.3 trillion dollars."
Brazil Warns of a Coming Trade War - 2011-01-10
They're saying "the US and China were among the worst offenders"
Greenspan Proves He Doesn't Understand US Monetary System - 2011-01-10
"These are extraordinary comments from someone who ran the US central bank for 18 years"
No Sovereign Debt is Safe - 2011-01-10
Citi "rings the alarm bells over what are supposed to be safe sovereigns: the U.S., Japan, and UK."
This Bill Could Allow States to Renege on All Pension and Benefit Obligations - 2011-01-10
"What this means for equity investors in assorted muni investments is that a complete wipe out is becoming a possibility..."
China to Take over the World - 2011-01-10
"The age of American predominance is over," he told a panel. "The (Chinese) Yuan will be the world's reserve currency within two decades."
Portugal Could Start Crying out for Help Soon - 2011-01-07
"If the euro zone is truly to put the debt crisis behind it, three very painful measures are going to be needed"
I'm Finished Arguing with Housing Bulls - 2011-01-07
It doesn't matter how many times I tell them they're wrong... they won't listen.
Geithner Freaking Out over Possible "National Catastrophe" - 2011-01-07
This could spark a "catastrophic economic consequences that would last for decades," he says.
The Bernanke Bubble: How to Print a Recovery - 2011-01-07
Investors will panic, the markets will crash, and the economy will dive into a deflationary nosedive... if.
What the Unemployment Numbers Mean for Wall Street - 2011-01-07
This "suggests it will take a long time before we recover all the lost jobs of the 2007-09 Great Recession"
Why Ben Bernanke Needs to be Fired... Now - 2011-01-07
He's already lied to us twice before... why trust him now?
Art Cashin Goes Ballistic on Ben Bernanke - 2011-01-07
Interest rates are up because they are really down
The Commerce Department Pulled $46.3 Billion In Personal Income Out Of Thin Air To Prevent The Double Dip - 2011-01-06
If the Fed can create money out of thin air, why can't the Commerce Department?
How to Profit from Whitney's Muni Meltdown Scenario - 2011-01-06
"Sizeable defaults" could affect 50 to 100 communities in 2011 amounting to "hundreds of billions of dollars" in bad muni debt
JP Morgan Marketing its Latest Doomsday Machine - 2011-01-06
Gary Gorton, author of ‘Slapped in The Face by the Invisible Hand’, gives an interview explaining repo in financial markets. Why this sounds like the apocalypse.
Bubbles Galore to Make 2011 Year to Remember - 2011-01-06
"The forces that will make for an interesting 2011 go beyond monetary policies. A variety of market-shaking bubbles might inflate before our eyes -- some in asset markets, others in flawed perceptions. Here are eight."
Panic: UN Raises the Alarm - 2011-01-05
Prices just surpassed levels last seen during the 2007-08 crisis...
FOMC: QE2 is Working... Really? - 2011-01-05
But "it's practically impossible to make the case that this is helping homeowners and debtors"