CBO's Revised Budget Sees 2011 Deficit Rising By $500 Billion To $1.5 Trillion; $4 Trillion In Deficit Through 2013 Guarantees QE3+

 

Nic Lenoir Takes Goldman Head On, Says Time To Sell EURUSD Is Here

 

Chinese Interbank Liquidity Collapse Leads To 45% Lending Rate Surge

International Forecaster January 2011 (#8) - Gold, Silver, Economy + More
By: Bob Chapman, The International Forecaster

 

Frontrunning: January 26

Submitted by Tyler Durden on 01/26/2011 08:34 -0500

• Mandatory Prison in Securities Frauds Sought by New York's District Attorney Cyrus Vance (Bloomberg)
• Financial Meltdown Was ‘Avoidable,’ Inquiry Concludes (NYT)
• Default worry sees US muni bond sales dry up (FT)
• Greece Default With Ireland Breaks Euro by 2016 in Global Poll (Bloomberg)
• Lehman Brothers amends bankruptcy plan (Reuters)
• Davos Moguls Adjust to Fast, Slow, Reverse: Mohamed El-Erian (Bloomberg)
• Bernanke Gets 66% Approval From Investors Disliking QE2....all of whom can afford a Bloomberg terminal (Bloomberg)
• Fed warns banks to be weary of expensive CDS: Impact of High-Cost Credit Protection Transactions on the Assessment of Capital Adequacy (Fed)
• China Is No White Knight in Euro's Debt Crisis (Bloomberg)

What Does UK Stagflation Mean For US And Western Economies

 

Wal-Mart Fined In China For Deceptive Price Practices To Mask Inflation

 

What Does UK Stagflation Mean For US And Western Economies

 

Richard Koo On The Weakest Links In The Bernank's QEasy Logic