Free Republic

Economic Nostradamus: We Are Literally Witnessing a Collapse Mac Slavo April 27th, 2012 With the Presidential election cycle in full swing our incumbent administration, the media, and their financial pundits continue to maintain that the US economy’s green shoots have blossomed into fields of golden sunflowers. Despite what we’re being told, however, the actual data tells a stunningly different story. Richard Yamarone, a senior economist for Bloomberg Brief, has been called an economic Nostradamus for his prescient forecasting of the 2008 financial crisis, and now he’s warning that the worst is not over. In a recent interview with King World...

Money market stress intensifies By Michael Mackenzie in New York Published: October 8 2008 19:44 | Last updated: October 8 2008 19:44 Stress across money markets intensified on Wednesday despite the unprecedented round of co-ordinated interest rate cuts by central banks aimed at helping banks gain access to funds. In recent days, central banks have pumped vast amounts of liquidity into the short-term lending markets, only for banks to hoard the cash and not lend to other banks. As well as the rate cuts, the US Treasury tried to alleviate lending problems in government bond markets by making more of...

Asian central banks cut rates By Kathrin Hille in Taipei, Tom Mitchell in Hong Kong and Song Jung-a in Seoul Published: October 9 2008 02:27 | Last updated: October 9 2008 04:16 Central banks in Taiwan, South Korea and Hong Kong cut interest rates on Thursday in steps that closely follow America’s and Europe’s policy response to the financial crisis. In an extraordinary policy meeting Thursday morning just two weeks after its last rate cut, which had reversed course following a four-year rate raising cycle, Taiwan’s Central Bank of China lowered the benchmark discount rate to 3.25 per cent from...