Jesse's Café Américain

"You have accepted things you would not have accepted five years ago, a year ago, things that your father, even in Germany, could not have imagined. Suddenly it all comes to be, all at once. You see what you are, what you have done, or more accurately what you haven’t done. For that was all that was required of most of us: that we do nothing. You remember everything now, and your heart breaks. Too late. You are compromised beyond repair."
Milton Mayer, They Thought They Were Free

Showing posts with label debt crisis. Show all posts
Showing posts with label debt crisis. Show all posts
04 May 2011

US To Reach Debt Limit on May 16 - Treasury Asks For $2 Trillion Increase

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This is from Reuters : "The following are highlights from the U.S. Treasury Department's announcement on Wednesday of its quart...
15 July 2010

The Problem of Unresolved Debt in the US Financial System

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Michael David White has painted some dire pictures of the US housing market, but this one is shocking in its implications. Chart from A Blis...
09 May 2010

Europe Offers $957 Billion in Hope of Appeasing the Banks

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The US SP futures are soaring almost 30 points, along with world equity markets, as the Europeans join the Americans in agreeing to monetize...
28 April 2010

Currency Wars: Markets Shudder on Downgrade of Spain

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There was unusually heavy put buying yesterday in NY markets on the Spanish stock index ETF. Lzst month a group of US hedge funds were inves...
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