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European Central Bank (ECB) could topple Spain’s financial sector

"There’s a bombshell being delivered here - the European Central Bank is about to stop bailing out eurozone commercial banks. And that could mean another big lender going ‘bust’." — David Stevenson Blogger’s note: Just like in the U.S. and UK, the European Union’s state bank has been extending easy credit to prevent "temporary" illiquidity in [...]

Oil Prices Jump Higher on EU Warning

“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet by Stephanie Grimmett Baltimore – (TFN): You can blame a frenchman [...]

European Central Bank turns 10, but next decade looks grim

“Before the string section pipes up, we recommend that the party organisers have a think about sticking a cork in the trombones. The second ten years are going to be a lot less triumphant than the first ten.” — Jody Clarke by Jody Clarke Baltimore – (TFN): It’s the European [...]

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 [...]

Decline of the Dollar: Inflation at record highs — in Germany!

“The Federal Statistics Department in Germany just released that based on preliminary numbers, November inflation over the previous month is up 3% — far higher than estimated.” — J. Christoph Amberger by J. Christoph Amberger, TFNBaltimore — (TFN): The pundits are restless… seeing conspiracies in every inflation report the Federal Reserve releases. Sure, in a [...]