The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?
The post Fox in the Hen House: Why Interest Rates Are Rising appeared first on BSNEWS.
Oh, what fun it truly was to experience the “bomb cyclone” in January in New England: the snowfall gave a sense of peace and calm, the winds were less strong than predicted, and the snow, while heavy, was not dense enough to take down trees and power lines in most areas. The following period of intense cold through February and March in the eastern half of the US, on the other hand, seems a harbinger of climate instability which will most likely worsen in upcoming years.
Following the economic crash of 2008, Tory governments have put cutting the budget deficit (the difference between what the government receives in taxes and what it spends) and reducing the national debt at the centre of their economic policy. Austerity, principally, was their method of doing that. That is cutting government spending on our vital services and additionally freezing public sector pay.
The Blighty ship of state has in the last couple of weeks looked even more like a listing vessel heading slowly towards the nearest port with a broken rudder after striking a rocky shoal.
The post HMS Blighty Shipping Water, Badly appeared first on BSNEWS.
Europe’s Left has finally renounced the Syriza Party (acronym for Coalition of the Radical Left), as Jean-Luc Mélenchon of France Insoumise or “Unsubmissive France” calls for Greece’s Syriza booted out of the Alliance of Leftists. Greece’s PM Tsipras of the Syriza Party faux Left is way too far Right!
Well, it finally happened. Mad Madam Merkel has her coalition. But it comes at a very high cost, and in the long term, all…
The post NEWS AND VIEWS FROM THE NEFARIUM FEB 8 2018 appeared first on Giza Death Star.
ATHENS, GREECE (Analysis) – Hundreds of thousands of Greeks took to the streets of Thessaloniki, Greece’s second-largest city, on Sunday, January 21, in a mass rally opposing a compromise on the part of the Greek government regarding the Macedonia name dispute with Greece’s northern neighbor, temporarily recognized by the United Nations as the “Former Yugoslav Republic of Macedonia” (FYROM).
Under instructions from the European Commission, the European Central Bank and the International Monetary Fund, the Greek government pushed through the most anti-union legislation in Europe on Monday 15 January.
The move was demanded, along with other draconian measures, as a condition of the latest tranche of what is called Greece’s bailout but which in reality is bailing out the European financial institutions which recklessly encouraged Greek borrowing.
Temer is trying to push a package of spending cuts through parliament and other measures to lift Brazil out of its worst recession in decades [Xinhua]
Despite ongoing political turbulence following a slew of corruption charges aimed at sitting and previous leaders and lawmakers, Brazil’s economy appears to have bandaged itself and started to grow again.
Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.
The post Student Debt Slavery: Bankrolling Financiers on the Backs of the Young appeared first on BSNEWS.
