Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

Showing posts with label debt default. Show all posts
Showing posts with label debt default. Show all posts
02 November 2011

FOMC November Statement - G20 and Greek Debt - Bernanke at 2:15 - NFP Friday

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"Everybody was expecting Tim Geithner and Bob Rubin, who's pulling the strings behind the scenes in the Obama Administration, to ...
08 June 2011

European Credit Agency Downgrades US Credit Rating from AAA to AA

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Here is my rough translation of the original Feri stuft die Bonität der USA herab . "Man muss manchmal in den sauren Apfel beißen....
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...
30 March 2010

Fitch Downgrades Illinois and Warns of Further Actions as Budget Gap Widens

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Illinois is financially the fifth largest US state with a 2008 GDP of approximately $633 Billion. To put this in perspective, the 2008 GDP f...
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