Tuesday, October 4, 2011
Gold doing its best to beat the trend
With turmoil in the markets overnight as Greece dared to speak the truth about its finances gold rally against the trend.
NYSE Market Wrap
Mon 03 Oct 11 | 04:05 PM ET
CNBC's Bob Pisani reports on the trading day from the NYSE.
Greece says it will miss deficit targets
Greece said on
Sunday that it will miss its new deficit targets next year as it
presented a massive bailout package ahead of the key Eurozone finance
ministers meeting in Luxembourg Monday and Tuesday.
Frost Over the World - The 'war on terror' 10 years on
Donald Rumsfeld,
the former US secretary of defence, speaks to Sir David Frost. Raili
Odinga, the Kenyan prime minister, talks about the situation in Somalia.
Understanding the debt crisis with David Malone
By EqualityNorthWest on Sep 30, 2011
David Malone is better known for making
acclaimed science documentaries for the BBC and Channel 4. His BBC
documentary 'High Anxieties- The Mathematics of Chaos', first broadcast
in September 2008, was one of the first films to be made about the
financial crisis accurately anticipating the problems that were to
unfold in the economy.
Whislt researching 'High Anxieties' David became familiar with the websites and forums on which financial traders shared information and insider gossip. As the crisis began to unfold in 2008 David became incensed that what he was hearing on the news and from politicians was NOT what the bankers were saying to each other. Indeed it was the exact opposite. He began posting comments on the financial pages of the Guardian newspaper's website and then began his own blog (http://golemxiv-credo.blogspot.com). Finally he wrote 'The Debt Generation' - the culmination of over two years writing fuelled by anger and frustration at the way our futures were being sold to save the banks.
Whislt researching 'High Anxieties' David became familiar with the websites and forums on which financial traders shared information and insider gossip. As the crisis began to unfold in 2008 David became incensed that what he was hearing on the news and from politicians was NOT what the bankers were saying to each other. Indeed it was the exact opposite. He began posting comments on the financial pages of the Guardian newspaper's website and then began his own blog (http://golemxiv-credo.blogspot.com). Finally he wrote 'The Debt Generation' - the culmination of over two years writing fuelled by anger and frustration at the way our futures were being sold to save the banks.
Martin Armstrong interviewed
I have regularly read Martin Armstrong's analysis over the last 2 years but this is the first time I have heard him interviewed. An excellent interview with Eric King of King World News reviews Martin's personal history, the EU & US financial crisis and finishes with Martin's views on Gold. Listen here
Greece to unveil retrenchment plan
Greece is expected
to unveil its plan to begin laying off state workers, the most
contentious part of a reform package demanded by the EU and IMF to free
up loans and stave off bankruptcy.
Without the release of a $14bn tranche of an EU bailout, massively indebted Greece could run out of money to pay state wage bills within weeks.
Without the release of a $14bn tranche of an EU bailout, massively indebted Greece could run out of money to pay state wage bills within weeks.
Al Jazeera speaks to Vanessa Rossi, the economic adviser to Oxford Analytica, ahead of the meeting.
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