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Lloyd’s (LLOY) to takeover HBOS (HBOS)

“The deal’s being described as a private sector solution – but this could never have happened without government backing, for reasons we’ll go into in a moment.” — John Stepek Blogger’s note: You may not have noticed, but two of the Big Five banks in the UK just agreed to a merger. The news [...]

Can the Fed Stop Inflation?

“Soaring inflation means the credibility of the legal tender in your wallet is being called into question. In other words, does your dollar really have any value?” — Jack Crooks by Jack Crooks Baltimore – (TFN): All over the world, everyone from market analysts to your average grocery shopper has been buzzing about inflation lately. [...]

Global Banking Crisis: “New Deal” of central banks spells trouble for India

"Santa Claus glides mysteriously. Helicopter Ben requires expensive aviation fuel and adds to global warming when he does his rescue act. Whatever the vehicle, the action is the same: Flood the world with more money and pray." — Ajit Dayal by Ajit Dayal, equitymaster.com Baltimore — (TFN): A week ago, the central banks of [...]

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