Tag Archives: White Shoe Boys

Before UN Speech, Argentine President meets with Soros

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“She is running her country into the ground with money printing, but that doesn’t mean she doesn’t have time for global oligarchs.  President Cristina Fernández de Kirchner met with billionaire investor George Soros at the Mandarin Oriental Hotel in New York, before her speech at the United Nations General Assembly.  Soros is the control shareholder in Adecoagro SA (NYSE:AGRO), a holding company primarily engaged through its operating subsidiaries in South American agricultural and agro-industrial activities. It maintains 23 farms in Argentina.”

http://www.economicpolicyjournal.com/2012/09/before-her-speech-at-un-argentine.html

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Geithner urges governments to fuel growth

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“US Treasury Secretary Timothy Geithner said Tuesday that sparking faster growth in the global economy should be the priority of all developed countries to combat unemployment.  Geithner told the Clinton Global Initiative conference that slashing government spending at this point is counter-productive, even if countries need to cut their fiscal deficits.  He argued governments can afford to borrow at low rates to try to get growth going in their economies to generate jobs.”

http://www.rawstory.com/rs/2012/09/25/geithner-urges-governments-to-fuel-growth/

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Global financial system as risky as before credit crunch, warns IMF

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“The global financial system remains as risky as it was before the credit crisis, with the necessary ‘reboot’ of the banking sector delayed by the emergency measures taken to prop up economic growth, the International Monetary Fund has warned.   With leading economies, including those of the US, UK and the eurozone, all struggling to generate sustainable economic growth, the IMF is also concerned about the potential side-effects of the ultra-low interest rates and other radical monetary policies central banks on both sides of the Atlantic are using to stave off a deeper downturn.”

http://www.rawstory.com/rs/2012/09/25/global-financial-system-as-risky-as-before-credit-crunch-warns-imf/

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Manipulation of the Gold Price

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“It is likely that most potential gold investors would agree that the major financial institutions have the ability to influence the gold price. They would also agree that to do so would be of benefit to those institutions. Yet, many investors still have difficulty making the final leap to agree that, if the institutions can manipulate the gold price and, by doing so, will profit from it, they will actually manipulate the price. Odd, as this would seem to me to be the easiest of the three premises to accept.”

http://www.internationalman.com/global-perspectives/manipulation-of-the-gold-price

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Crisis Hits German Luxury Carmakers

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“In the first sign that the global economic crisis may be returning to the luxury car industry, Germany’s Daimler has reduced its earnings forecast for next year, while Porsche said it would also build fewer cars. The market in China, which helped keep German manufacturers above water in recent years, is slowing.”

http://www.spiegel.de/international/business/crisis-hits-carmakers-daimler-and-porsche-cut-expectations-for-2013-a-857183.html

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Washington Selectively Rolling Back Dodd-Frank

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“Wall Street lobbyists are awesome. They always go right to the edge of outrageous, and then wittily take one baby-step beyond it. And they did so again last night, with the passage of a new House bill (HR 2827), which rolls back a portion of Dodd-Frank designed to protect cities and towns from the next Jefferson County disaster.  The Dodd-Frank Act among other things included a simple reform. It required the financial advisors of municipalities to do two things: register with the SEC, and accept a fiduciary duty to respect the best interests of the taxpayers they are advising. Sounds simple, right? But Wall Street couldn’t have that.”

http://www.rollingstone.com/politics/blogs/taibblog/wall-street-rolling-back-another-key-piece-of-financial-reform-20120920

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QE3 – Pay Attention If You Are in the Real Estate Market

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“Watch to see how much the banks pass through to homeowners and property owners to see how fast and big the turn may be. Watch to see the inflow of funds from offshore. This is not only funds returning but investors around the world looking to exchange their dollars for tangible assets to protect themselves from debasement of the dollar denominated deposits and securities they hold. Watch to see what the renegotiation of federal tax policy and the reengineering of the federal budget in response to the ‘fiscal cliff’ do to reposition housing and real estate prices and cost of financing for an inflow looking for large accumulations.”

http://www.thedailybell.com/4323/Catherine-Austin-Fitts-QE3-Pay-Attention-If-You-Are-in-the-Real-Estate-Market

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Pawlenty steps down as Romney campaign co-chair, becomes top bank lobbyist

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“Former Minnesota Gov. Tim Pawlenty (R) is stepping down as co-chair of the campaign to elect former Gov. Mitt Romney (R-MA) president. According to CNN, Pawlenty has been tapped as president and CEO of the Financial Services Roundtable, a Washington-based group that lobbies for banks.”

http://www.rawstory.com/rs/2012/09/20/pawlenty-steps-down-as-romney-campaign-co-chair/

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Asia’s Wealthy Outnumber North America’s For The First Time

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“The Asia-Pacific region is now home to 3.37 million high net worth individuals – people with $1 million or more to invest – compared with 3.35 million in North America and 3.17 million in Europe, according to a new report from Pacific, Capgemini and RBC Wealth Management.  According to the report, the Asian wealthy are 54 percent concentrated in Japan, with almost 17 percent in China and more than 5 percent in Australia.”

http://www.economicpolicyjournal.com/2012/09/asias-wealthy-outnumber-north-americas.html

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Fed’s latest stimulus may have little impact on mortgage borrowers

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“The Federal Reserve took aim at the nation’s wobbly housing market last week with its biggest stimulus action in two years, but that firepower is doing little to lower mortgage rates or make home loans more available for Americans.  Instead, banks are set to see a windfall since the Fed’s actions will immediately lower the cost of issuing loans. It may take months or longer for benefits to trickle down to consumers, analysts say.  Mortgage bankers are recording higher gains from home loans as the gap widens between the interest rate they charge consumers and the rate they must pay investors who finance the loans by buying mortgage securities.”

http://www.washingtonpost.com/business/economy/qe3-may-have-little-impact-on-mortgage-borrowers/2012/09/18/f6ee68f2-0116-11e2-9367-4e1bafb958db_print.html

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