Word reaches Cobden Centre Towers of Dr Mike Haywood’s latest banking crisis digest.
It’s almost reached the point where we hardly dare open the curtains up here, as the folly of following Keynesian economics for decades rebounds around the world, gathering momentum and terror as it strikes its hapless victims, most of whom turn helplessly to more Keynesianism to ‘solve’ the problem. But for those who can take the carnage in their stride, here are the latest ‘highlights’:
MIKE HAYWOOD’S BANKING CRISIS DIGEST
Independent weekly compilation of current internet articles and blogs relating to Global Banking Crisis
You may not have time to read all the articles. To help you be selective, those articles which I consider an important read or viewing, I have prefixed with X
Overview Articles
- XXXXX US Petroleum Usage, New House Sales, and the Alleged Recovery
- XXXXX The Utter Failure Of Macroeconomic Theory
- Mauldin: Unintended Consequences (PDF)
Global Banking crisis, economy and systemic risk
- XXXXX Britain’s leaders should come clean on the true depth of the fiscal crisis
- XXXXX IMF Prepares For “Threat To International Monetary System”
- XX Blame Brown, Balls and Miliband for policies that led to the banking crisis
- XX U.S. debt situation at tipping point
- XXX Britain’s £200bn time bomb of debt interest
- X Ireland wants bank bondholders to share the pain
- Is this the endgame for the US dollar?
- America is going broke! Federal Reserve official’s fear as Libya missiles cost $100 million in just ONE day
- Portugal sees further property price falls and lack of confidence in market
- Federal Reserve and the opaque banking syndicate
- 3 Euro Debt Crisis Scenarios
- Looks Like a Double Dip, Smells Like a Double Dip, Must be a Double Dip
- Truck Tonnage Slows in February
- Spectator: Folding money – When politicians devalue the currency, hard assets are the answer
- The Dominoes Are Lining Up, Again
- Euro’s Collapse Is Not Unthinkable: Warren Buffett
- GDP Growth Doesn’t Mean We’re On The Right Road
- Dutch bankers’ bonuses axed by people power
- Ireland’s Hayes Irish Banking Crisis a ‘European-Wide Problem’
- How Germany can avoid a two-speed Europe
- Rethinking Iceland’s Recovery
- Lessons Learned in the Aftermath of the Banking Crisis
- The Japanese Currency Intervention
- Portugal 2010 Budget Deficit Could Be Revised Upward
- A Nation Of Dropouts Shakes Europe
- Eurozone bail-out deal is agreed
- Spain pledges economic reforms
- ECB close to liquidity deal for troubled banks
- Ireland: No easy fix for banking crisis, warns regulator
- French Fin Min: Public Finances Couldn’t Deal With New Banking Crisis
- Land of the Setting Sun
- Ireland 10-year bond spread hits record
- Sovereign debt joins the wall of worry
- Ireland holds talks on bank crisis with ECB
- Big players are no stranger to crises on own doorsteps
Oil and interconnectivity with Global economy
- XXXXX Oil Will Be Gone in 50 Years: HSBC
- Japan Nuclear Plans Derailed, Fossil Fuel Use To Stay High For Years
US Property slump
- XX Sales of new US homes tumble 16.9% to record low
- XX Housing raises US recession alert
- House Prices Will Drop Another 20%
- The Next Leg Down in House Prices
- New house sales are at lowest level in almost 50 years
- America’s Property Market: On A Losing Streak
- Commercial Real Estate on Borrowed Time?
- US house prices fall to 9 year low
US Foreclosure and Mortgage Fraud
UK Property Market
- XX House Cuts send chill through UK house market
- House prices down 11% since summer
- House prices drop by £45,000 since start of credit crisis
Global Pension “time bomb” and aging population
- X BBC pension deficit is ‘just over £1.5bn’
- South Carolina financial oversight board refuses to accept pension system
- Anglo to stop cost of living increases for pension scheme
- In US Public pension crisis threatens your wallet
- Brendan Keenan: Getting pensions right for posterity
The affect of Austerity measures
Deflation or inflation?
US recessionary trends
- X Massive enrollment cuts at California State University expected
- U.S. Durable Goods Orders Unexpectedly Fell in February
- Rural Oregon counties face bankruptcy without state help
US Unemployment
- X US Real Unemployment Rate 10.2%, Underemployment at 20%
- Unemployment rises in nearly all metro areas
- Why Is US Unemployment So High?
- Current decade of job losses vs. Great Depression
- Most US States Post Unemployment Decline
Eureka articles which challenge the status quo
- X Centralization of power and control by elites in financial markets
- Rich vs Poor: 14 Funny Statistics And 14 Not So Funny Statistics About This “Economic Recovery”
Alternative Currencies, changing the Banking System
Credit where credit is due. A hat must be tipped to Dr Haywood for performing this digest service each week. But do be careful reading some of the articles above. You may be forced, as I was, to run screaming from the room shouting, “Nurse, the screens!”
