If you want to know why oil prices could double this year, or how $52 trillion in total global debt will utterly suffocate central bank attempts to resuscitate bank lending, or Ben Bernanke’s secret plan to turn trillions of dollars worth of toxic assets into shareholder equity, read on! Two topics in one day! Why are oil prices lying? How much air is left in the credit bubble?…
January 20th, 2009 | Dan Denning | 10 comments | ContinuedAll Posts Tagged With: "currency collapse"
The True Cost of This Crisis
How to keep your head when all about you are losing theirs? “Steer clear of the new gold rush,” urges Jason Zweig, a senior columnist at Money Magazine. “Aw, just lend! Lend! LEND!” screams the Federal Reserve. Sporting its usual crystal-meth grimace, it’s stumping up $200 billion in Treasury bills for desperate New York brokers to kick-start the world’s capital markets. And now they can use flakey mortgage-backed bonds as collateral.
March 13th, 2008 | Adrian Ash | 0 comments | Continued
