2012

Full employment should be the standard.

This is the reaction to the latest austerity measures proposed for Greece.

The latest Gallup poll shows the approval rating for Congress at a record low 10%. 86% disapprove.

This Real News Network segment was recorded before the deal was announced today, but the observations are still germane. Yves Q. Smith argues this is just kabuki theater for the masses (ahead of a general election, I would add). Clearly,…

Marshall Auerback suggests the Troika's goal in the Greek deal is to make the deal so miserable for the Greek people that the Spanish, Portuguese, Irish and Italians don't even begin to think of trying to get a similar haircut on their…

Concerns over the Greek deal have seen the dollar move higher against most of the majors and EMs EuroStoxx 600 is off its lows but down 0.4%, bank shares down 1.7%; S&P 500 futures down 0.6% Safe have securities are rallying with…

The Top Twelve Reasons Why You Should Hate the Mortgage Settlement « naked capitalism As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although…

Deficit fatigue has set in as large scale deficit spending has become politically unacceptable. Austerity is now in. This has caused a recession throughout Europe and weakened the US. To counteract this fiscal retrenchment, monetary…

That's the headline from my latest talk on RT's Alyona Show. Before I send you to the clip, let me explain my thinking because I don't think I was really clear in the video.

Jim Rickards, author of Currency Wars, was on capital Account last night and he thinks both QE3 and war with Iran are distinct possibilities. Take a look.