Economy 8-30-11
(SilverBearCafe) – From Green to Red – Is Credit Crunch 2.0 Imminent?
In Crosstown Traffic, Jimi Hendrix sang: “can’t you see my signals turn from green to red, And with you I can see traffic jam straight up ahead.” In global financial markets, the signals have changed from green to red. But rather than a simple traffic jam, a full scale credit crash may be ahead. In financial markets, facts never matter until they do but there are worrying indications. Read More Here
(WSJ) – Central Bankers Worry Economy Still in Peril – Read More Here
(Guardian) – Three Years after Lehman, A New Debt Crisis Looms – Read More Here
(SilverBearCafe) – If You Thought August Was Bad, Just Wait Until September! – Read More Here
(MSNBC) – The mystery of the Double Eagle gold coins – Read More Here
(DailyCaller) – Obama Job Disapproval Hits New High
Based on the latest data, 55 percent of Americans say they disapprove of the job President Obama is doing. Just 38 percent of Americans say they approve of Obama’s performance as president. Read More Here
(Telegraph) – Euro bail-out in doubt as “hysteria” sweeps Germany – Read More Here
(ZeroHedge) – September 23: The Beginning Of The End For Merkel… And The Eurozone? – Tyler Durden
Update: sure enough, here is Ambrose Evans-Pritchard with his own perspective on just this topic, which is oddly comparable to Zero Hedge’s: “Mrs Merkel’s aides say she is facing “war on every front”. The next month will decide her future, Germany’s destiny, and the fate of monetary union.”
Original: Read More Here
(ActivistPost) – The American economy is in shambles and Bernanke has no clue what to do about it
For most informed people in the United States, it has become clear that over the past century the private Federal Reserve has been doing nothing other than systematically devaluing and debasing the dollar while destroying the American economy in every way imaginable.
This notion was just made that much more concrete after this year’s central bank meeting in the Teton Mountains of Wyoming. Read More Here
