Topic: Sound Banking

“ECB Intervenes As Debt Crisis Deepens” – Financial Times

– January 11, 2011

“The European Central Bank intervened to prop up the eurozone bond markets on Monday as political leaders and bankers warned the debt crisis was deepening amid fears Portugal was edging closer to an international bail-out. Although European Union offic …

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“ECB Gives Portugal Temporary Lifeline, Traders Say”

– January 11, 2011

“The European Central Bank threw Portugal a temporary lifeline on Monday by buying up its bonds, traders said, as market and peer pressure mounted for Lisbon to seek an international bailout soon. A senior euro zone source said on Sunday that Germany, …

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“U.K. Think Tank Sees 20% Chance of Euro’s Survival” – WSJ

– January 11, 2011

“Europe’s common currency, battered for more than a year by a sovereign debt crisis, is unlikely to survive the next decade in its current form, the Center for Economics and Business Research warned Friday. In a list of top 10 predictions for 2011, the …

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“Near-Zero Short-Term Interest Rates May Go Lower Under FDIC Rule”

– January 7, 2011

“A planned change in deposit insurance fees for U.S. banks may lower already near-zero short-term interest rates, according to strategists at Barclays Plc, Bank of America Merrill Lynch and the Royal Bank of Canada. The Federal Deposit Insurance Corp. …

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“The Fiscal Trap”

– January 5, 2011

“Fed chairman Ben Bernanke concedes that, while necessary, a new large purchase of government bonds by the Fed to help cover the deficit will not completely solve our problem of slow growth. Many in the markets and around the world express the same sen …

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“The Debt Inflation Cycle and the Global Financial Crisis”

– January 5, 2011

“Writing over 230 years ago, Adam Smith noted the ‘juggling trick’ whereby governments hide the extent of their public debt through ‘pretend payments.’ As the fiscal crises around the world illustrate, this juggling trick has run its course. This paper …

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“Stop Accumulating Additional Debt, 2011 To-Do List”

– January 4, 2011

“Many people I’ve spoken with over the past 6 months or so have expressed extreme dissatisfaction with their individual and/or collective ability to affect change in government. Sure, there have been some small victories here and there, but by and larg …

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“Rising Rates Reveal Debt Reality” – Pento

– January 3, 2011

“The Fed’s lucky streak of luring bond investors with low interest rates may be drawing to a close. Nevertheless, the extended period of low borrowing costs has bred a new breed of investor. To the bulls and bears, we can now add the ostriches – those …

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Second Annual Sound Money Essay Contest

– December 30, 2010

Is the world economy in crisis because it lacks the fundamentals of sound money?  If you believe that sound money is the key to our recovery, tell us why.    Join Atlas’s 2nd Annual Sound Money Essay Contest and win cash prizes.  This  year’s theme is …

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“Lehman ‘Prophet’ Fears Second Crisis If US Interest Rates Are Kept Low”

– December 29, 2010

“The criticism of the Federal Reserve comes as it embarks on another $600bn (£380bn) of quantitative easing – or printing money – in an effort to fire up a stronger recovery next year. Interest rates around the western world, including in Britain, have …

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“Central Bank Targets Inflation” – China

– December 28, 2010

“The over-fast growth of the domestic real estate market has been the result of the country’s unusual monetary policy since the start of the global financial crisis. The latest rate hike indicates the central bank’s resolve to restore the emergency mon …

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“Fed’s Free Money Lures This Important Writer: Kevin Hassett”

– December 27, 2010

“If I were to default on my debts, the world would see that even trained economists who spend little on their appearance can’t make ends meet. Imagine the global panic, the massive selloff, that would follow. Clearly, then, I meet the definition of sys …

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