UBS: The Risk Of Hyperinflation Is Largest In The US And The UK – Business Insider “To be clear, UBS does not think hyperinflation is imminent. They estimate that there is less than a 10 percent chance over the next 12 months. But according to a new report by UBS’s Caesar Lack, the risk of hyperinflation is greatest in the U.S. and the U.K. ‘Although we see a very small chance of hyperinflation in the near future, the risk should not be neglected, particularly given the ongoing unsustainable global fiscal and monetary expansion,’ writes Lack.”
Follow-Up: House to Vote on Fed Audit Bill on Tuesday – Reuters “The House of Representatives is expected to vote on Tuesday on a bill that would allow for a congressional audit of Federal Reserve monetary policy decisions, a senior House aide said on Friday.” Passage almost guaranteed!
European Bank Shuns Greek Bonds as Collateral – NY Times “In a decision that appeared to unsettle some investors, the European Central Bank said on Friday that it would at least temporarily stop accepting Greek government bonds as collateral for low-cost loans. This move could hurt some Greek banks that use holdings of their own government’s bonds as collateral to obtain low-cost loans from the central bank.”
Pro-Obama Online Merchandise Sales Plummet, Compared to ’08 Election – The Daily Caller “Over the first six months of 2012, 45 percent of Obama merchandise sales have been pro-Obama, 55 percent have been anti-Obama, according to CafePress totals.”Print This Post Send To A Friend