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POPSGreece downgraded over high debt Europe is falling. What will the order be: 1) Greece, 2) Ireland, 3) Italy, 4) Portugal, 5) UK, 6) Spain? What could Germany and France do then, but follow. What happens then is the $64 trillion question. Hyperinflation? More deflation? Nobody knows, but they will know soon. The knowledge is liable to be depressing for believers in eternal economic growth.
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POPSInflation warming up? Nadeem Walayat has an amazing track record at predicting the market's fluctuations. My money is on inflation.
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POPSOn Complexity, Chaos & Collapse The size of the financial sector must be reduced. It's original purposes have been perverted. Its very size is a measure of it dysfunction. They have confused their self-serving maps of the territory for the territory itself.
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POPSRoubini Sees Increasing Risk of Double-Dip Recession: Update1 
“There are risks associated with exit strategies from the massive monetary and fiscal easing,” Roubini wrote. “Policy makers are damned if they do and damned if they don’t.” Government and central bank officials may undermine the recovery and tip their economies back into “stagdeflation” if they raise taxes, cut spending and mop up excess liquidity in their systems to reduce fiscal deficits, Roubini says. He defines “stagdeflation” as recession and deflation. Market Vigilantes Those who maintain large budget deficits will be punished by bond market vigilantes, as inflationary expectations and yields on long-term government bonds rise and borrowing costs climb sharply, he wrote. That will in turn lead to stagflation, Roubini said. European Central Bank officials led by President Jean- Claude Trichet are suggesting they won’t rush to reverse their emergency stimulus amid mounting evidence of an economic recovery. The ECB has cut its benchmark interest rate
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POPSEnd the Fed? Not such a crazy idea. So a call to end the Fed would have been anything but crazy in 1934. Three-quarters of a century and a dozen crises later, there are plenty of grounds for insisting that it hasn't gotten any crazier.
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POPSRuined by Good Luck The graph looks a bit like Al Gore's climate warming hockey stick. Interpretation: We are a witnessing phase change.
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POPSJapan considers abolishing cash more: Other extreme ideas mooted by the financial authorities include a tax on physical currency or introducing one to operate alongside the yen. All three ideas are based on a theory concerning interest rates and the concept that a nominal rate of zero — as Japan has now lived with for much of the past decade — may be too high. In Japan’s case, the theory would suggest that nominal rates of -4 percent might be closer to what is required to rescue the economy from another..
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POPSOil price: A turning tide? Oil price A turning tide? May 13th 2009 From Economist.com The oil price rises amid hints of economic recovery THE price of oil reached over $60 a barrel during intraday trading on Wednesday May 13th, its highest point since November. Glimmers of economic recovery, such as an increase in imports from China, together with a weak dollar and tight supply forecasts have pushed up the prices of many commodities. Coffee, sugar and wheat have all hit modest peaks this week. Exporters of commodities would welcome an upturn in prices for food and other raw materials and those worried by deflation might also cheer rising prices. But consumers already battered by the economic slump, especially in poor countries, will not be pleased by rising costs.
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POPSNew York End the Fed Rally lol Why I love NYC -- End the FED!!! Question: It was testified that the Federal Reserve sits in on every AIG meeting!! Why are private bankers watching over our money ie.. AIG insures Wall Street and Banks!!! WTF!!! So who controls our Money and the inflation and deflation and wars (money profits) FED and company folks Wake up!
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