Cashin on Fisher’s Fiscal Fortitude

Reflecting on yesterday’s monetary-policy-hope-driven rally, UBS’ Art Cashin prefers to focus on Richard Fisher’s very frank (and succinct) speech on the limits of monetary policy and the importance of fiscal policy.  Urging everyone to read it, and send it to your Congressman and Senators, he reminds us that Fisher is the only Fed policymaker to […]

Marc Faber Sees A 1987-Like Crash Approaching

When given the opportunity to expand on his thoughts, Marc Faber, of the Gloom, Boom, & Doom Report, provides dismally clarifying detail on the state of the world. In this excellent (must-watch on a day when nothing changed but European stocks dead-cat-bounced) Bloomberg TV interview, the admittedly ursine Faber reflects on the US (slowing of […]

China Gives Up On Europe, Will Target Africa Instead

That China has finally given up on Europe is no news (granted, however, it will make it more complicated for various European newspaper to make up articles alleging China will bail out Europe now that this is no longer the case): after all even the Norwegian sovereign wealth fund has finally learned its lesson, and […]

Economic Alert: If You’re Not Worried Yet…You Should Be

Submitted by Brandon Smith from Alt-Market For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system.  Only once before have I ever issued an economic alert, and this was at the onset of the […]

Europe’s Scariest Chart Just Got Scarier-er

We were the first to note the dire state of youth unemployment in Europe here, and reiterated here, as this terrible social situation just goes from bad to worse this month. Whether youth unemployment is a proxy for sales of PlayStations or for the much more critical likelihood of widespread social unrest and eventually the […]

LTRO Failure Full Frontal as Spain 10 Year Approaches 6% Again

US data this week is relatively sparse (as usual in a post payroll week) leaving little evidence over the next few days to progress the seasonality debate but after a long weekend of derisking in mind and now in reality, Europe is front-and-center once again. Spain (and less so Italy) has decompressed to its worst […]

Europe’s ‘Success Story’ Double Dips: Irish Economy Re-Contracts, As Predicted

Remember Europe’s so-called success story – Ireland? Time to scratch it off the list, as the “best performing” PIIG, and “peripheral reform” wunderkind, just reminded everyone that the only true success story in Europe is that other I country – Iceland, after its fourth quarter GDP unexpectedly dropped 0.2%, well below consensus estimates of a […]

Only 54% of Young Adults in America Have a Job

A month ago, Zero Hedge readers were stunned to learn that unemployment among Europe’s young adults has exploded as a result of the European financial crisis, and peaking anywhere between 46% in the case of Greece all they way to 51% for Spain. Which makes us wonder what the reaction will be to the discovery […]

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