cdh

ECB Adopts New Collateral Guidelines, Leaves Public in Dark

but they aren't printing more money, the money supply is actually contracting! it's all 000's on electronic ledgers that dissapears into a black hole of derivative losses, who says that they will ever monetize the debt in the US or the EU? the end game is a new kind of feudalism (the austerity plan) that the Obaminator has been installed in office to sell to the world. (And he really was the best choice in the election, but you're not going to see change)

Can China Take Up Consumption Slack From the U.S.?

I don't know where all this talk of the US consumer "saving" comes from, it's not saving that's happenning, it's a desperate attempt to keep up with paying bills. It will take most US families for all practicle purposes, "forever", to even begin to be able to save anything. Real average wages haven't increased in 30 years. The question is how long will it take for these average consumers to get significant wage increases? I think that the answer to that question is a very long and painfull time.