Last
Updated:
Sunday, March 22, 2009 14:45
GMT Fed
Planning 15-Fold Increase In US Monetary Base
The fed is planning moves that would more than double its balance-sheet
assets by September to $4.5 trillion from $1.9 trillion.
Democrat
anger at Obama overkill
WHEN the White House announced last week that President Barack Obama
will be returning to the nation’s television screens on Tuesday
for a prime-time press conference that will postpone the latest episode
of American Idol - the talent show watched by 25m viewers - fans of
the programme were quick to respond.
Obama
Supporters to be Unleashed to Sell Banker Plan
Over the weekend, Obama’s zombie “canvassers” may
knock on your door. “The Pledge Project Canvass is an unprecedented
effort by a president to reach beyond Congress and tap grassroots supporters
for help.
When
Things Fall Apart
On March 19 the New York Times reported: “The Fed said it would
purchase an additional $750 billion worth of government-guaranteed mortgage-backed
securities, on top of the $500 billion that it is currently in the process
of buying. Britain
at risk of serious social unrest, report warns
Britain is in danger of serious social unrest and public disorder in
response to the economic crisis, according to a new report.
US
deficit seen at record 1.845 trillion dlrs
The US budget deficit will reach a record 1.845 trillion dollars in
fiscal 2009 that ends in September, equivalent to 13.1 percent of economic
output, the budget arm of Congress forecast Friday.
Mexican drug wars now worse than Iraq
Mexican drug cartels are now as heavily armed as America’s enemies
during the Iraq war and are extending their bloody conflict into the
United States, say security experts.
The
Mother of All Bells
There is an old adage on Wall Street that no one rings a bell at
major market tops or bottoms. That may be true in normal times,
but as many have noticed, we are now completely through the looking
glass.
Larry
Silverstein asks for a bailout
As if there weren’t enough roadblocks to seeing a new structure
rise from the site where the World Trade Center towers once stood.
