Radical Action | InvestmentWatch

Ambrose Evans-Pritchard: Every Global Rebound Is Doomed To Disappoint Within A Few Quarters, The World Savings Rate Expected To Rise To An All-Time High, The Headwinds Of Deleveraging Will Return With Gale Force. But Stocks To Soar In 2013 Due To Radical Action By The Central Banks

from Ambrose Evans-Pritchard:

Bears beware. A monetary revolution is underway.

They are tearing up the script, embracing the new creed of nominal GDP targeting (NGDP), a licence for yet more radical action.

The side-effects of this currency warfare — or “beggar-thy-neighbour’ policy as it was known in the 1930s — is an escalating leakage of monetary stimulus into the global system.

So don’t fight the Fed, and never fight the world’s central banks on [...]

More Radical Action from the new Japanese PM

Japan’s government is to take the unprecedented step of buying factories and machinery directly with taxpayer funds, the latest in a series of radical steps to lift the country out of its deep slump.

Premier Shenzo Abe is to spend up to one trillion yen (£7.1bn) buying plant in the electronics, equipment, and carbon fibre industries to force the pace of investment, according to Nikkei news.

The disclosure came just a day [...]

Boston Consulting Group warns about debt

Over an early-morning coffee with the chief executive of an FTSE 100 business last week, talk turned to the outlook for 2013. Where I had expected some guarded optimism, instead I heard a chilling analysis.

The CEO said he had been reading a new paper from Boston Consulting Group headed “ Ending the era of Ponzi finance ”. The lessons he had taken from it were miserable.

The West was not going to find [...]

Town for sale, priced $2.5m: Residents wake up to find signs on almost EVERY building as developer tries to hawk off historic area

Historic buildings include barbershop, hotel and cotton warehouse
Georgia town became run down after bank, school and businesses shut

Actress Kim Basinger bought Braselton, Atlanta, for $20m in 1989

The small town of Toomsboro in Georgia, U.S., fell on hard times after its school closed and banks and businesses upped sticks.

But now a developer has taken radical action – nailing up ‘for sale’ signs up on almost all the buildings in the area.

Would-be [...]

Debt crisis: Spain and Italy to be bailed out in £600bn deal

European leaders are poised to announce a £600 billion deal to bail out Spain and Italy, it emerged at the G20 summit on Tuesday night.

Two rescue funds are to be used to buy the debts of the troubled economies, the cost of which have reached record highs in recent weeks.

It is hoped that the move, which represents a substantial shift in policy for Germany’s chancellor, Angela Merkel, will send a [...]

Michael Bloomberg is the 12th richest man in the USA and has his own army

Pic: http://26.media.tumblr.com/tumblr_m20uh6O4sQ1qap9gno1_500.jpg

Bloomberg and Ray Kelly been oppresin’ colored people like it’s 1850. or 1750. or 1950. or unless we do something NOW 2050.

http://www.stopmassincarceration.org/a19.html

If you are in the NYC area, PLEASE COME TO THIS EVENT! If your not from NYC, look at the page to see if theres an event near you! We need some anarchist representation, and I personally would be down for more radical action, though it depends on how [...]

Why December 9 Is Expected To Be One Of The Biggest Days In The History Of Europe

Image: NASA

If you’re watching Europe, then the biggest date on your mind is probably December 9.

That’s when EU leaders meet for their next big summit in Brussels. Investors and journalists appear convinced that this meeting will be a make-it-or-break-it moment for the euro area, and for three good reasons:

Rising German bond yields
The fragility of France’s credit rating
The impending disbursement of the next tranche of Greek aid

If EU leaders are going [...]

Europe eyes bigger Greek losses for banks

By Jan Strupczewski and Harry Papachristou

BRUSSELS/ATHENS | Wed Oct 12, 2011 11:36am EDT

(Reuters) – Euro zone countries will ask banks to accept losses of up to 50 percent on their holdings of Greek debt, officials said on Wednesday, as part of a grand plan to avert a disorderly default and try to end a crisis that threatens the world economy.

Ahead of a make-or-break summit of European leaders on October 23 [...]

WARNING: Indicators of credit stress reach pre-Lehman danger levels

Telegraph.co.uk

Markit’s iTraxx Crossover index – or ‘fear gauge’ – of corporate bonds surged 56 basis points to 857 on Thursday

Key indicators of credit stress have reached the danger levels seen before the Lehman Brothers failure three years ago, with Markit’s iTraxx Crossover index – or “fear gauge” – of corporate bonds surging 56 basis points to 857 on Thursday.

Societe Generale led [...]

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