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May312011

Marc Faber: 'QE3 Will Begin As Soon As Stock Prices Fall'

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BRUSSELS (AP) -- European officials are locked in a heated debate over whether -- and how -- to give more aid to debt-ridden Greece just as a much-delayed examination of the country's finances draws to a close.

Experts from the European Union, the European Central Bank and the International Monetary Fund will likely conclude their review of Greece's accounts and austerity program over the next 24 to 48 hours, a European official said Tuesday.

http://finance.yahoo.com/news/Europe-locked-in-chaotic-apf-1881098807.html?x=0
May 31, 2011 at 1:11 PM | Registered CommenterDailyBail
'Double-Dip' in Housing Prices Even Worse Than Expected

http://www.cnbc.com/id/43222783
May 31, 2011 at 1:11 PM | Registered CommenterDailyBail
EU Set to Kick Greek Can a Little Further

http://www.cnbc.com/id/43221623
May 31, 2011 at 1:12 PM | Registered CommenterDailyBail
US defence firm Lockheed Martin says it has come under a significant cyber-attack, which took place last week.

http://www.bbc.co.uk/news/world-us-canada-13587785
May 31, 2011 at 1:13 PM | Registered CommenterDailyBail
A group of more than 200 Japanese pensioners are volunteering to tackle the nuclear crisis at the Fukushima power station.

The Skilled Veterans Corps, as they call themselves, is made up of retired engineers and other professionals, all over the age of 60.

They say they should be facing the dangers of radiation, not the young.

It was while watching the television news that Yasuteru Yamada decided it was time for his generation to stand up.

http://www.bbc.co.uk/news/world-asia-pacific-13598607
May 31, 2011 at 1:59 PM | Registered CommenterDailyBail
May 31, 2011 at 2:27 PM | Unregistered CommenterTR
Ben says paper n' ink are on backorder...I jest....they are actually waiting on the cpu nerds to develop algorithms that can handle the numbers that the current systems are not designed to handle....AB
May 31, 2011 at 7:33 PM | Unregistered Commenterain't bullshitt'n
In general, thank you for posting that. It is one of the best and most realistic posts on this site. People should either watch the whole way through or start at the 13 minute mark.

Never heard of this guy before.

But he is so right.
The elephant in the room is hyperinflation.

All this printing of money, there is only one place it can lead.

First time I have heard anyone call hyperinflation.
Only time will tell....
Jun 1, 2011 at 1:09 AM | Unregistered CommenterMorton
marc faber is pretty famous morton...kinda surprised you don't him...here's a few late night links...

--

Before things got out of hand, it was a typical annoyance that happens once a flight gets airborne: A passenger hit the recline button and sent his seat intimately close to the lap of the guy sitting behind him.

What followed wasn’t typical at all: a smack to the head, peacemakers diving about the cabin to intervene and a pair of Air Force F-16 fighter jets scrambling into the night skies over Washington.

http://www.washingtonpost.com/local/a-common-airplane-annoyance-leads-to-a-costly-brouhaha-in-the-skies-over-dc/2011/05/31/AGrlMcFH_story.html
Jun 1, 2011 at 2:07 AM | Registered CommenterDailyBail
ACLU wants porn to be allowed for South Carolina inmates

http://abclocal.go.com/kabc/story?section=news/national_world&id=8162220
Jun 1, 2011 at 2:08 AM | Registered CommenterDailyBail
:-)

This is just a hobby for me.
I own no stock and no shares and have spent my life broke. :-)
I like to follow this stuff just to see how stoopid the proletariat can be. How dumb the public can be and how far up the fairy path the media can lead people.

Never heard of the guy before but he has it right. I like him I like his style and I agree with everything in that clip.
I was around in the seventies. Albeit as a child but I can remember inflation and the corrosion it caused in society. And it is on its way back. But like I say. I am with this guy Faber. I will go with probable hyperinflation.

Look at the way the Fed is printing. How many $ trillion? (That they admit?)
China will follow as Faber says.

During periods of inflation it is borrowers who benefit the most. Inflation erodes the initial cost of borrowing.
That is what the Fed is planning.
MASSIVE inflation. That is the ONLY way they can even dream, let alone hope of tackling the US debt crisis.
LOL.
Jun 1, 2011 at 6:52 AM | Unregistered CommenterMorton

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