In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘economic disaster’

US emerging as failed State

Posted by smeddum on January 3, 2009


False Deflation Diagnosis and Gold Bullish Crossover Signal

Jan 02, 2009 – 05:25 AM

By: Jim_Willie_CB    Market Oracle


Diamond Rated - Best Financial Markets Analysis ArticleOne of the most bothersome questions from 2005 to 2007 used to be whether the Untied States would ultimately submit to inflation or deflation. This is actually the wrong question. Many analysts in my view are incorrect in their conclusion that the US suffers from a powerful deflation episode, since they endorse the wrong definition, confuse effect with cause (as usual), do not properly monitor the money flow, and then draw improper conclusions from prices. They suffer from a type of Keynesian Tunnel Vision. They are confused, and fail to adapt certain key measures after the financial sector highjacked the entire national system in the last two decades.  Read the rest of this entry »

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Dollar LIBOR jumps to new credit crisis extreme

Posted by smeddum on October 10, 2008

Dollar Libor Jumps to New Credit Crisis Extreme
Interest-Rates / Credit Crisis 2008
Oct 09, 2008 – 02:39 PM
By: Mike_Shedlock Market Oracle
The cost of borrowing in dollars for three months in London soared to the highest level this year as coordinated interest-rate reductions worldwide failed to revive lending among banks for any longer than a day. Read the rest of this entry »

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‘Financial catastrophe looms’: analyst

Posted by seumasach on July 2, 2008

“The statements in here are talking about comparisons to the 1920s depression and is actually pointing fingers at central banks and their policies and their misunderstanding of how the financial system works and their love of the new-fangled things that have brought the world to the precipice of what could be one of the most major financial catastrophes in the history of economics,” Satyajit Das said.

Stephen Long

1st July(abc)

The Bank for International Settlements (BIS) says global markets may still be set for severe economic downturn.

Last year, when inflation was low and the world economy was still strong and stable, BIS gave a a prescient warning about the growing risks that could bring it all undone.

In its latest annual report, released last night in Basel Switzerland, BIS gives a grim and candid assessment.

Read the rest of this entry »

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