Thursday
Apr212011
Bernanke May Avoid ‘Cold Turkey’ End to Stimulus, Apple Crushes Earnings, Gold Breaks $1500, Chart Of Tax Rates For 400 Richest, GE's Immelt Faces Jobs Scrutiny (LINKS)
- Gold milestones on the road to record high - Reuters Fact Box
- Bernanke May Avoid ‘Cold Turkey’ End to Stimulus - Bloomberg
- In 12 Years, Income For Richest 400 People Quadruples, Tax Rate Halved
- Elizabeth Warren still candidate for consumer agency: Geithner
- Apple crushes earnings forecasts again, iPad backlogged
- How Dangerous Is Finland to the Euro? - Der Spiegel
- Reuters Special Report: From Hannibal Lecter to Bernie Madoff
- Apple to ship new iPhone in September: sources
- Gold breaks $1,500 as investors seek security - Reuters
- Madoff lawsuit against SEC thrown out
- The unvarnished truth about Un-American TSA
- GE's Immelt Under Increasing Scrutiny
- Trump: My tax returns for Obama birth certificate
- Obamas' tax return shows big drop in income in 2010
- Saudi handouts ratchet up “fair price” of oil - Reuters
- Republicans attack Trump as he mulls 2012 run
- 25 Shocking Facts That Prove That The Entire U.S. Health Care Industry Has Become One Giant Money Making Scam
- 35 Statistics That Show The Average American Family Has Been Broke Down, Tore Down, Beat Down, Busted And Disgusted By This Economy
Apr 21, 2011 at 9:43 AM
Reader Comments (10)
http://www.reuters.com/article/2011/04/20/us-crime-teen-murder-idUSTRE73J48020110420
http://www.reuters.com/article/2011/04/20/us-syria-idUSTRE72N2MC20110420
http://blogs.reuters.com/jim-saft/2011/04/19/sp-u-s-warning-late-and-welcome/
http://www.reuters.com/article/2011/04/20/us-markets-oil-idUSTRE72D01W20110420
http://www.reuters.com/article/2011/04/20/us-eurozone-idUSTRE73I27Y20110420
http://www.fxstreet.com/rates-charts/usdollar-index/
http://en.rian.ru/analysis/20110421/163634651.html
[snip]
China produces goods for American consumers to buy with borrowed cash far above their real incomes. China's reserves grow. However, China's reserves are not as solid as they may initially seem. After all, they consist of U.S. dollar and euro notes, and U.S. government bonds which are all part of that U.S. debt the country is unlikely to repay. Moreover, the United States is gradually devaluing the dollar to boost exports and depreciate its debt. So, despite the growth in nominal value, China's foreign reserves' real value is in fact decreasing.
http://www.zerohedge.com/article/it%E2%80%99s-game-over-us
Ron Paul: The Founding Father
http://www.esquire.com/features/ron-paul-profile-0511-2
Hat tip to EPJ where I found that he says thats the best mainstream write up ever, I agree Robert Wensel's got some good stuff heres a couple
The Dirt Behind the Crackdown on Internet Poker is Exposed
http://www.economicpolicyjournal.com/2011/04/dirt-behind-crackdown-on-internet-poker.html
No Joke: Seinfeld Disses Trump (The Donald Disses Back)
http://www.economicpolicyjournal.com/2011/04/no-joke-seinfeld-disses-trump-thedonald.html
VIDEO: Helicopter Ben Stars in New YouTube-Like Video about the Fed
http://www.economicpolicyjournal.com/2011/04/video-helicopter-ben-stars-in-new.html
Funny this article below is running all over, Forbes,CATO if you pay attention to nothing else in it this paragraph says volumes.
Why Are Geithner and Bernanke Trying to Panic Financial Markets with Debt Limit Demagoguery?
"There are two problems with these statements from Geithner and Bernanke. First, it is a bit troubling that the Treasury Secretary and Fed Chairman are major players in a political battle. The Treasury Secretary, like the Attorney General, traditionally is supposed to be one of the more serious and non-political people in a President’s cabinet. And the Fed Chairman is supposed to be completely independent, yet Bernanke is becoming a mouthpiece for Obama’s fiscal policy"
http://www.cato-at-liberty.org/why-are-geithner-and-bernanke-trying-to-panic-financial-markets-with-debt-limit-demagoguery/
http://blogs.forbes.com/beltway/2011/04/19/why-are-geithner-and-bernanke-trying-to-panic-financial-markets-with-debt-limit-demagoguery/