Archive for June, 2011

Don’t let them pay for the crisis with our pensions

Posted on June 22nd, 2011 in UK Crisis

Public pensions face a two pronged attack form the financial markets. The attack consists of, as Danny Alexander has so publicly said, making as pay more towards our pension, wait longer for the pension and not have it linked to our final salary but to a gamble on the financial markets. He omitted to mention [...]

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Will Spain be next for a bailout?

Posted on June 06th, 2011 in European Crisis

Spain has had an extreme property bubble before the crisis and unlike Ireland and the US, house prices have fallen moderately. They rose 106% from the start of monetary union to their peak in 2007 and have only to the end of 2010 fallen 18%. There are no artificial or natural supply constraints. There are [...]

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  • @TheLeftBanker

    • RBS £2 billion loss not as BBC reports £776 million. Twice as big as forecast. 3 hours ago

    • @BharatKAzad I think so with Portugal 6 months behind and Spain another year 21 hours ago

    • Greece mark II: Portuguese opposition demands €30 billion more of a bailout to keep country afloat 21 hours ago

    • @aidanskinner hedge funds been putting this trade in droves spreading risk over several banks. They now hold about 30% of Greek debt 21 hours ago

    • Greek debt swap deal may fail as hedge funds & other investors would be better off with default and collecting insurance it would trigger 22 hours ago

    • Euro crisis goes global: Preliminary Chinese manufacturing figures for February shoes a contraction. 23 hours ago

    • Euro area manufacturing & services output drops in February. Recession on the way. 23 hours ago