Archive for December, 2010

Weekly Recap & Outlook – 12.17.10

Friday, December 17th, 2010

Tower Private Advisors

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  • Interest rates around the world go through the roof
  • Tax bill signed into law
  • Economy continues to grudgingly improve

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Weekly Recap & Outlook – 12.03.10

Friday, December 3rd, 2010

Tower Private Advisors

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  • Unemployment looks ugly
  • Housing might be showing some strength
  • Christmas cheer

Prior Posts

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“Who the #€££ do you think you are?” British politician to the EU

Thursday, December 2nd, 2010

Sorry, again, Mom, if you’re checking the blog, but this video features the H-E-double-hockeysticks word.  His speech emphasizes a line in a recent report from BCA Research on Ireland’s dillemma,

The big problem for Ireland today is that fiscal austerity without a large currency devaluation is like committing economic suicide – without a cheapened currency to re-create nominal growth, fiscal austerity can only serve to crush aggregate demand and precipitate an economic downward spiral.

He also repeats the dominoes to go after Ireland . . . Portugal and Spain, after which bailouts, the ECB’s emergency bailout money is gone.

 

And in response, Jean Claude Trichet, European Central Bank chief, had this to say:

Here is more on the speaker, Nigel Farage

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