Thursday, February 14, 2013
Breaking The Set
From breakingtheset
Abby Martin Breaks the Set on Chris Dorner & the LAPD, Obama's State of the Union, Manufactured Terror, and CISPA's returned.
Abby Martin Breaks the Set on Chris Dorner & the LAPD, Obama's State of the Union, Manufactured Terror, and CISPA's returned.
The Law of Unintended Consequences
From PressTVGlobalNews
French auto giant Peugeot Citroen goes from turning a profit in 20-11 to posting a historic loss in 20-12. A major reason for the quick turn-around was its decision to withdraw from the Iranian market.
French auto giant Peugeot Citroen goes from turning a profit in 20-11 to posting a historic loss in 20-12. A major reason for the quick turn-around was its decision to withdraw from the Iranian market.
Where Will Gold Be in Three Months?
Feb. 13 (Bloomberg) -- Blackrock Portfolio Manager Catherine Raw discusses the price of gold. She speaks on Bloomberg Television's "Money Moves." (Source: Bloomberg)
G7 Takes Aim at Currency War Concerns
From Daily Ticker:
Amid concerns over a “currency war” of competitive currency devaluations, the G7 ministers have issued a statement reaffirming a “longstanding commitment to market determined exchange rates.” Ministers also stated that “fiscal and monetary policies have been and will remain oriented towards meeting…domestic objectives.”
Notably absent from the statement is any kind of condemnation of Japan’s attempts to devalue the yen, a policy that prime minister Shinzo Abe campaigned on and won. “Abenomics” advanced in January, when the Bank of Japan announced a higher, 2% inflation target and an open-ended asset purchase program, or QE.
Amid concerns over a “currency war” of competitive currency devaluations, the G7 ministers have issued a statement reaffirming a “longstanding commitment to market determined exchange rates.” Ministers also stated that “fiscal and monetary policies have been and will remain oriented towards meeting…domestic objectives.”
Notably absent from the statement is any kind of condemnation of Japan’s attempts to devalue the yen, a policy that prime minister Shinzo Abe campaigned on and won. “Abenomics” advanced in January, when the Bank of Japan announced a higher, 2% inflation target and an open-ended asset purchase program, or QE.
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Quote of the Week
"In the end, when you don't have a standard and you have printing and fiat currency, what level of value is real?" ~ Rick Santelli
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