The Hera Research Newsletter is pleased to present a fascinating interview with Martin A. Armstrong, founder and former Head of Princeton Economics, Ltd. In the 1980s, Princeton Economics became the leading multinational corporate advisor with offices in Paris, London, Tokyo, Hong Kong and Sydney and...
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Hera
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Ron Hera
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Sun, Jul 1 2012
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Filed under: Euro, Great Depression, U.S. dollar, MBS, mortgage backed securities, Long Term Refinancing Operation, British pound, Federal Deposit Insurance Corporation, European sovereign debt crisis, SIPC, LTRO, LTCM, European Central Bank, EFSF, Securities Investor Protection Corporation, Long Term Capital Management, European Financial Stability Fund, EFSM, European Financial Stabilization Mechanism, Japanese yen, Federal Reserve System, FDIC, ECB
The only problem I see is that the downgrades were just to low and not complete enough It still is completely ok to downgrade the EFSF. It's simly a package of lies. It's good hat this lies are not bought by the rating club. You can see how well deserved the downgrades are if you read things...
One just can say the break-down runs in direct confirmation of Mises predictions but also "Atlas shrugged". People start to sell off bonds from nearly any EU country. Believe it or not Germany is not among them. Quite the opposite, the spreads from every other EU country to Germany are raising...