Spain Goes On Offensive, Cuts Everything To Combat Debt Crisis

Spain Goes On Offensive, Cuts Everything To Combat Debt Crisis
Spain land of troubles. If they can fix Greece you better hope they can fix you.

Rumours, Rumours, and No Greek Bond Sales To China | afoe | A Fistful of Euros | European Opinion

Rumours, Rumours, and No Greek Bond Sales To China | afoe | A Fistful of Euros | European Opinion
Wow, is the EU really going to let Greece fall???

Bernanke seen winning second term | Reuters

Bernanke seen winning second term | Reuters

-+300 on the final annoucement, keeping a close on China (And the curtail of lending) and Greece.

Some good words for the day

Banking establishments are more dangerous than standing armies.
...
The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.
Jeffereson, Thomas

Inside China's Tightening: Banks Literally Tearing Up Letters Of Credit, Importers In Disarray, Orders Cancelled

Inside China's Tightening: Banks Literally Tearing Up Letters Of Credit, Importers In Disarray, Orders Cancelled

The real reason the markets are tanking. If china is not buying we are in for a world of hurt.

Chavez Furiously Backtracking As Venezuela Petro-Economy Deteriorates

Chavez Furiously Backtracking As Venezuela Petro-Economy Deteriorates

It is all funny till you relaize how much Oil we buy from them.

Mish's Global Economic Trend Analysis: Obama's Preposterous "Partial Spending Freeze"; Lessons of 1937

Mish's Global Economic Trend Analysis: Obama's Preposterous "Partial Spending Freeze"; Lessons of 1937
Must read of the day

Undressing the Terror Threat - WSJ.com

Undressing the Terror Threat - WSJ.com
A little non-economy story. Must Read of the Month :)