By The Daily Bell
Crisis-talk in Brussels is hardly new. What’s different today is the palpable sense of failure and confusion communicated, even by the most fervent advocates of the EU. It is easy to dismiss this reaction as merely a symptom of the bitter conflict and rivalry unleashed by the crisis of the Eurozone, with Greece, Ireland and Portugal having to be bailed out with huge injections of cash to keep their Read More »
Europe at the Abyss – Newsweek
They Can Try to ‘Delay and Pray’ But the Euro Is Running Out of Time - Telegraph
Why the Next Crisis Could Be Even Scarier – Yahoo
Goldman Sachs: Comin’ This Summer… $5 Gas – NY Post
The Gold Standard Prefers Main Street to Wall Street – Caffeinated Thoughts “It Restores Security and Prosperity to Regular Citizens.”
By Michael Pento, Senior Economist at Euro Pacific Capital
Based on many pronouncements by economic policy makers, reams of articles by the top financial journalists and near continuous discussion on the financial news channels, it appears that the quantitative easing juggernaut that has steamed the high seas of macroeconomics for the last three years is finally pulling into port…supposedly for the last time. According to the dominant narrative, QEI and QEII helped stabilize Read More »
Even When the Economy Recovers, the Days of 5% Unemployment May Be Gone for Good – Yahoo/Fins
Shale Boom in Texas Could Increase U.S. Oil Output – NY Times
Arizona Land Sells for 8% of Price Calpers Group Paid at Peak – Bloomberg
Friday’s May Payrolls Report Really About McJobs – MarketWatch
Fireworks Shows Need New Environmental Review – San Diego Union Tribune Another Case of Environmental Overreach
By Michael Boskin
Canada’s Prime Minister Stephen Harper, by winning an outright majority of seats in his country’s parliament for the first time since assuming office, continues a remarkable series of national election victories, backed by voters demanding at least a pause, and perhaps some reversal, of the growth of the welfare state.
… Those who want to control, reform, and reduce government spending seem to have the big picture right. It is Read More »
By Ilargi
Oh boy, oh, just lovely. Where to begin? The Eurozone mess spreads faster than wildfire. We should start considering the possibility that it doesn’t matter much who will next lead the IMF, because that person won’t be in office until June 30 at the earliest, and who knows what the situation will be by then?
There’s a lot of resilience left in Europe, it’s rich and won’t blow up easily, but it Read More »
European Central Bank May Have Leeway for Greek Restructuring - Bloomberg
It’s Ever More Obvious, Greece Must Leave the Euro – Telegraph
Mideast Communications Chaos – Washington Times
No Way to Pick a President: We Need Changes to Our System – IndyStar
Gates As Uncomfortable Truth Teller – Boston Herald
By Peter Morici
In all their piety, the barons of Europe—German politicians and the European Central Bank—are pressuring Greece to sell off assets, raise taxes and curb spending to resolve its debt crisis. After all irresponsible southern EU states are in need of rehabilitation and some lessons in Teutonic thrift.
Sadly, selling assets won’t lower Greece’s debt enough to make it manageable. Further, cutting spending and increasing taxes further will thrust Greece into a Read More »
Fed Gave Banks Crisis Gains on Secretive Loans – Bloomberg You’re Not Surprised About This, Are You?
Beijing to the Euro Rescue Yet Again – Wall Street Journal
The New “Don’t Go To College” Scholarship – Kids Prefer Cheese Great Idea!
UK’s Ostrich Generation: Millions of Britons Risk Pension Poverty – Telegraph Sound Familiar!
New Housing: Built to Bust – Project-Syndicate
By Michael J. Kosares for USA Gold
The table displayed immediately below is likely to surprise even our most-jaded readers. It shows the astronomical increase in cash prices for well-known food commodities over the past 12 months. With inarguable exactness, it contradicts the nearly constant prattle in the mainstream press that inflation is under control, or that it is peaking and likely to come under control sometime soon. Some items on the list Read More »
