Daily Archives: November 20, 2011 @ 11:04 pm (Sunday)

Fed’s Williams:Fiscal Policy Actions ‘Badly Needed’

A step in the right direction: Fed’s Williams:Fiscal Policy Actions ‘Badly Needed’ Fri Nov 18 14:04:45 2011 EST –The Federal Reserve’s actions have not been enough to deliver a robust recovery –The recovery has been hurt by the decline in … Continue reading

Posted in Deficit, Government Spending |

SPR release winding down

This chart of West Texas crude prices vs Brent north sea crude prices was done a few days ago, with the spread subsequently narrowing further to under $10. As previously discussed a few weeks ago, with the Strategic Petroleum Reserve … Continue reading

Posted in Oil |

The turkeys have voted for Thanksgiving

Reader’s comment on the post on Spanish voters supporting austerity: Adam (ak) Submitted on 2011/11/20 at 4:05pm So in the country where the official unemployment rate is 22.6% the party promising further fiscal austerity has an unassailable lead? Awesome. The … Continue reading

Posted in Uncategorized |

Spanish Voters Set to Throw Out Socialists in Election

As previously discussed, there is virtually no political support to leave the euro, as it’s not intuitively obvious the euro is the problem. It is intuitively obvious, however, that the problem was irresponsible govt and so the move towards responsible … Continue reading

Posted in EU, Germany, Greece |

Roubini tweet


Posted in Greece |