Rex Nutting of Market Watch made an interesting discovery – President Obama is not a big spender as the popular folklore says. Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4%. After adjusting for inflation, spending under Obama is falling at a…
Greece is stuck between a rock and a hard place. Next month it will go to poll – again – to determine who will govern it. The choices are not easy and it is quite likely that the result may be another hung parliament just like the one after the last election on May 6th. Things are not…
This is what i am reading: ECB Increasingly Concerned Over Aid to Greek Banks (Spiegel Online) Swift European unity could spur epic rally (Market Watch) The not-so-creeping process of de-euroisation (FT/Alphaville) Japan Rating Cut by Fitch on ‘Leisurely’ Efforts to Tame Debt (Bloomberg) Eurozone crisis live: IMF warns UK may need fiscal stimulus (Guardian) So,…
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