Down Argentine Way
A scene from Argentina’s collapse: source Ron Holland The Daily Bell There are many ominous parallels between Argentina and the U.S. and the question often…
Debt
Former Sen. Simpson calls seniors “greediest generation”, senior responds
Alan Simpson and Obama – Loeb/Getty image Activist Post It was revealed by TPM in November that former Republican Senator and co-chair of Obama’s presidential…
Soon the government check won’t be in the mail
Martin Crutsinger Associated Press WASHINGTON — Before too long, the government check will no longer be in the mail. Officials have settled on the dates…
$2tn debt crisis threatens to bring down 100 US cities
Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery. Nor…
Wary Customers Cautious Of Increased Credit Card Offers
Amy Lee Huffington Post Though banks are again offering credit cards to risky borrowers, not everyone is biting. “I will never, ever have another credit…
Moody’s May Cut US Rating on Tax Package
Reuters Moody’s warned Monday that it could move a step closer to cutting the U.S. Aaa rating if President Obama’s tax and unemployment benefit package…
Market alarm as US fails to control biggest debt in history
US Treasuries last week suffered their biggest two-day sell-off since the collapse of Lehman Brothers in September 2008. The borrowing costs of the government of…
5 Signs the End is Near for the Criminal Banks
When will we get justice from the banksters? HINT: As soon as we demand justice and not a moment sooner. Activist Post Could it be any…
Survey: Shoppers shunning credit cards
UPI NEW YORK — Illinois-based TransUnion says the lowest percentage of shoppers in the history of a survey used credit cards for purchases during the…
U.S. fiscal health worse than Europe’s: China adviser
AFP image Reuters The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the…
Iceland offers risky temptation for Ireland as recession ends
Iceland has finally emerged from deep recession after allowing its currency to plunge and washing its hands of private bank debt, prompting an intense the…
Collection Call
Dave Galland, Managing Director The Casey Report Hello, is this Japan I’m speaking to? Yes. (tentative). May I ask who’s calling? It’s the ACME collection…
Is the College Debt Bubble Ready to Explode?
image source Laura Rowley Yahoo! Finance Kelli Space, 23, graduated from Northeastern University in 2009 with a bachelor’s in sociology — and a whopping $200,000…
UK banks borrowed more than $1 trillion from US Federal Reserve
British banks borrowed more than $1 trillion (£640bn) from the Federal Reserve during the financial crisis, led by Barclays following its swoop on the US…