CNBC – US Credit Rating Cut by Egan-Jones … Again Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality. The Fed on Thursday said it would pump $40 billion… Continue reading US Downgraded Again
Bloomberg.com – Draghi Euro Humbles Thought Leaders Seeing End of Union European Central Bank President Mario Draghi, embracing policies dismissed by his predecessor, is forcing euro bears to capitulate. Since July 26, when Draghi said he would do “whatever it takes” to save the 17-nation euro, the currency has appreciated versus each of its 16… Continue reading Will The Euro Break Up?
The Telegraph (UK) – Ambrose Evans-Pritchard: Spain shuns further cuts as unrest grows Spain is digging in its heels against further austerity as protests sweep the country and mounting tensions with Catalan nationalists threaten to split the country. Tens of thousands marched in Madrid at the weekend to protest against drastic cuts, including a 7pc… Continue reading Spain’s Troubles Continue
CNN/Money – Protests planned for Occupy Wall Street’s 1-year anniversary It’s been one year since Occupy Wall Street began, when hundreds of protesters descended on the nation’s financial center and kicked off a nationwide social movement. Organizers plan to mark Monday’s anniversary, dubbed “S17,” with scores of events and demonstrations. The main focus is again… Continue reading Occupy Wall Street’s 1-Year Anniversary
Zero Hedge – Meanwhile In Afghanistan Yesterday it was US embassies in Egypt, Libya, Tunisia, Morocco, Sudan, Lebanon, India, Balgadesh, Indonesia, and others that were besieged and/or attacked. Today, we finally add Afghanistan to the “and others” list. From the LA Times: “Rioters infuriated by an anti-Islam video clashed with police in the Afghan capital… Continue reading Is The World On The Edge?
The Wall Street Journal – George P. Shultz, Michael J. Boskin, John F. Cogan, Allan H. Meltzer and John B. Taylor: The Magnitude of the Mess We’re In The next Treasury secretary will confront problems so daunting that even Alexander Hamilton would have trouble preserving the full faith and credit of the United States. Sometimes… Continue reading A Letter To The Next Treasury Secretary
Comment Jim Bianco was on Reuters TV yesterday discussing the Federal Reserve. To view the interview click on the image above. To view any of our recent interviews click here. The Economist – Greg Ip: The Federal Reserve launches QE3:The power of positive thinking Earlier this year, the Federal Reserve reached a crossroads. It had… Continue reading Does The Federal Reserve Now Have A Single Mandate, Jobs?
Comment Jim Bianco was also on CNBC yesterday discussing the Federal Reserve. To view the interview click on the image above. To view any of our recent interviews click here. [pageview class=”PDFViewer” url=”https://www.biancoresearch.com/bianco/wp-content/plugins/PDFViewer/plugin.php?id=90″] The Wall Street Journal – Editorial: Bernanke Unbounded The Fed enters a brave new world of unlimited monetary easing. So much for… Continue reading Will Inflation Be An Issue?
The Wall Street Journal – Obama Holds Lead in Three Key States With few voters still on the fence, President Barack Obama holds leads over Mitt Romney in new polls of Ohio, Florida and Virginia, three of the states likely to determine who wins the White House in November. Mr. Obama has fought Mr. Romney… Continue reading Obama Leads Romney
The Economist – The euro crisis: Game change? The euro zone’s leaders have turned a corner. Where to, is not yet clear WHEN history books trace the evolution of the euro crisis, September 2012 will mark the beginning of a new chapter. Recent days have seen decisive moves from Europe’s notoriously incremental policymaking machinery. On… Continue reading The Euro Crisis Game Change