OFFICIAL: 'The Real Euro Crisis Is Just Getting Started'

'All hell will break loose when central bank sugar ends.'

Excellent short interview.

Jan. 18 (Bloomberg) -- Sebastian Mallaby, director of geoeconomic studies at the Council on Foreign Relations, talks about Europe's debt crisis.  He speaks with Jason Kelly at the Bloomberg Link Global Markets Summit in New York.

More detail is here:

• Bank Of England Governor - Why The Worst Is Not Over For Europe
• The Real Euro Crisis Is Just Starting - Matthew Lynn's London Eye

Comments

[Anthony Clifton]

Why should economic terrorists get to print currency, and start wars...?

http://adask.wordpress.com/2013/01/31/a-new-gold-standard-is-being-born/

[DailyBail]

Dow industrials hit 14,000 for first time since October 2007

http://www.marketwatch.com/story/us-stock-market-rallies-on-jobs-report-2013-02-01-9103571?dist=afterbell

[DailyBail]

WASHINGTON (MarketWatch) — The U.S. created a modest 157,000 jobs in January and the unemployment rate ticked up, but the economy added one-third of a million more positions in 2012 than previously thought, with a large chunk coming in the final months of the year.

http://www.marketwatch.com/story/us-adds-157000-jobs-as-past-data-revised-higher-2013-02-01?Link=obnetwork

[DailyBail]

No-money-down mortgages are back

http://www.marketwatch.com/story/no-money-down-home-loans-are-back-2013-02-01?dist=afterbell

[DailyBail]

The federal government borrowed 46 cents of every dollar it has spent so far in fiscal 2013, which began Oct. 1, according to the latest data the Congressional Budget Office released Friday.

http://www.washingtontimes.com/news/2012/dec/7/government-borrows-46-cents-every-dollar-it-spends/

[DailyBail]

Unemployment in the 17-nation bloc climbed for a fifth month to 11.9 percent, according to the median of 34 economists’ forecasts in a Bloomberg News survey. That result due on Feb. 1 would show the highest jobless rate since records began in 1995. By contrast, German unemployment data the day before may show the jobless rate there held steady for a fourth month at 6.9 percent in January, a separate survey found.

http://www.bloomberg.com/news/2013-01-28/euro-crisis-seen-reaping-social-toll-with-record-jobless.html