Posts Tagged ‘default’

Massive default is best way to fix the economy

  Brett ArendsMarketWatch September 13, 2011 You want to fix this economic crisis? You want to put people back to work? You want to light a fire under the economy? There’s a way to do it. Fast. And relatively simple. But you’re not going to like it. You’re not going to like it at all. Default. […]

German minister raises ‘orderly default’ for Greece

Jonathan Sibun London Telegraph Sept 12, 2011 Germany has stepped up its rhetoric against Greece, warning that the debt-laden country could default on its debts in a move that highlights the growing divisions at the heart of Europe. Philipp Roesler, Germany’s economy minister, said an “orderly default” for Greece could no longer be ruled out […]

German Economy Minister: “Greek Default Can’t Be Ruled Out”

  Zero Hedge September 11, 2011 Greece may not file for bankruptcy this weekend… But its time is coming – it is a 100% certainty. And throwing just that little more fuel into the fire is Germany’s Economy Minister Philipp Roesler who in an op-ed posted in Die Welt, is once again planting the seeds […]

Official Greek Response To Internet “Rumors” Of Imminent Greek Default

Zero Hedge Saturday, September 10, 2011 Just as to Italy it is suddenly America’s fault the “crisis was sparked“, so now it is “internet rumors” who are to blame that the market, at least in the form of CDS, estimates that the country’s probability of going bankrupt is, oh, 100%. From the Ministry of Finance: […]

Postal Service Is Nearing Default as Losses Mount

STEVEN GREENHOUSEThe New York Times Monday, September 5, 2011 The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due […]

Biden tells China: US will never default on debt

  AFP August 21, 2011 CHENGDU, China (AFP) – US Vice President Joe Biden said Sunday that the world’s biggest economy would never default on its debts, during a visit aimed at boosting Chinese confidence in America’s beleaguered finances. In a speech to hundreds of university students in the vast southwestern city of Chengdu, Biden […]

US Default Scare Leads To Biggest Weekly Surge In Non-Seasonally Adjusted M2 In History

Zero Hedge Aug 12, 2011 About a month ago we penned a post to refute some misconceptions about a material spike in M2, which led such luminaries as Andy Lees and Art Cashin to get confused that this may be an indication that either the government was forcing money into the population with the end of […]

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