There was no main theme during the last week as the global financial markets try to measure Chinese growth while attempting to weigh the impact of a FED tapering of its quantitative easing program (QE). There is a continual to and fro as the equity markets are holding up well in the face of rising long-term interest rates, but as I have maintained, the yield curves are steepening as investors understand that the FED may be tapering but it is not tightening. This is not 1994. With this in mind let us examine some other issues.
Posts Tagged ‘Canada unemployment’
Notes From Underground: I Report The Body Of News Electric
August 11, 2013Notes From Underground: SPD LEADER SIGMAN GABRIEL SAYS THE R-WORD … REFERENDUM
August 12, 2012When the Greeks under Papandreou suggested a referendum on the GREEK AUSTERITY plan, the Greek PM was met with great consternation by the ruling elites in Brussels. A giant don’t-you-dare-call-a-referendum greeted PM Papandreou and basically forced his abdication. I warned then that the idea of a referendum on any issue of economic austerity was anathema to the EUROCRATS for the denizens of Brussels were/are fearful of testing the “PUBLIC WILL.” Every time a referendum was held it resulted in a decision opposite of the elite’s will: Another referendum was called until the “correct” result was realized. (It was usually preceded by warnings that all financial and budgetary agreements would be rendered null and void.)