ButAsForMe 

Economy

The Big Squeeze

December 27, 2011

For retailers the holidays have spelled more traffic by customers, but smaller profits.  So, how do we explain the coverage on the nightly newscasts of crowds fighting to get into the stores?  A combination of pent-up desire from shopping junkies, controlled inventories, and large discounts. Despite the consumer having less to spend since inflation continues to [...]

Tagged as: Me sales, retail sales 2011, sears and kmart closings, the new face of the consumer, what holiday sales really tell us

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European Debt Crisis Becoming A Greater Problem

December 18, 2011

After watching Europe’s performance last week the only thing they really were after was an ESM, European Stabilization Mechanism, to tie down all EU nations to a tighter regional set up. As it turns out England and others did not agree. Britain obviously does not want to become part of a new treaty that deprives [...]

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Economic News Roundup

December 17, 2011

Ft.com — JPMorgan sold $1.25bn of 30-year bonds on Thursday, paying historically low interest rates in spite of mounting concerns about banks around the world, the FT says. The bank benefited from plummeting yields on US Treasury bonds, http://ftalphaville.ft.com/thecut/2011/12/16/803211/jpmorgan-snares-record-low-rates-in-bond-sale/ A draft prospectus prepared for the latest eurozone bail-out instruments includes explicit warnings to investors that the [...]

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Consumers Saying Bah Humbug!

December 16, 2011

As the race to the bottom of cutting profit margins by retailers continues despite the mainstream media’s hype to convince viewers and readers that the economy has turned a corner and consumer confidence has returned as evidenced by the sales on Black Friday/Cyber Monday, the truth of the matter is that it ain’t necessarily so. [...]

Tagged as: consumers and holiday sales, demise of middle class, demise of the middle class, holiday donations, Middle Class, problems with consumer driven economy, Reformed Liberal, savvy consumers, stock market, unemployment stats, why consumers are spending

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Eurozone Banking System on the Edge of Collapse

December 15, 2011

The great EU summit deal, the markets cheered on Friday, seems more or less gone. We have traded right up to resistance levels, and could get a small pull back, but we don’t expect any real action until next year. “They” simply won’t let the markets collapse during the last week’s trading. Let’s see if [...]

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The Money System and Exponential Resource Depletion

December 15, 2011

The Euro hits an 11-month low after a sell off as euro officials warn their crisis solution may be tougher to commit to than thought…the US says it will top producing one dollar presidential coins in order to save money — it has a bunch just sitting around. But how is money really created or [...]

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Analyst: Jamie Dimon Told Corzine “Take that money out of your customer accounts or we’ll kill you.”

December 15, 2011

Analyst Max Keiser about MF Global and how the dubious congressional testimony of John Corzine about the missing $1.2 billion of client funds may ultimately land him in jail. Part 2: Part 3: Part 4:

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Impact: Great Britain forced to veto Eurozone treaty?

December 13, 2011

The EU treaty that was supposed to save the Euro fell through. The UK’s Prime Minister, David Cameron, vetoed the treaty that had many European leaders very upset. Cameron argues that the treaty transfers too much power in the hands of Brussels and said he didn’t want to be responsible for the power shift.

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Global Bank Run! Banksters Ready To Steal Your Money

December 13, 2011

Why Your Money’s Not Safe – Congressman Talks Electronic Bank Run in US The world of shadow banking is being exposed daily but not by the mainstream. Paul Reveres across the Internet are breaking down the global Ponzi scheme that is taking place and how it WILL lead to YOU losing all your money unless [...]

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The OMG of the EU Crisis!

December 13, 2011

As we approach the holidays, we have seen Wall Street rallies and declines in unemployment –if you do not look too close, that is.  Meanwhile Europe waivers on a new economic strategy to rein in its’ members to the south, and the United States major bankers and companies quake at the thought of what the [...]

Tagged as: David Weidner of MarketWatch, Europe Economic Crisis Spillover, Global Economic Uncertainty, No confidence in EU leaders

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Depression with a small “d”

December 12, 2011

Paul Krugman, Nobel Laureate in Economics and Princeton Professor, writing for The New York Times announced Sunday that although the U.S. is not repeating the Great Depression [not yet], it is in a depression.  Further, he warns of the political fallout over the economic crisis in Europe and the rise of European right wing populists [...]

Tagged as: Anger at EU, depression, germany, Hungary, Paul Krugman, Rise of european right wing opulists

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