The euro is falling. It is at the lowest exchange rate to the dollar in four years. http://GaryNorth.com/snip/961.htm Confidence in the euro is falling because it is becoming clear that the region’s commercial bankers have made the same sorts of bad decisions that American commercial bankers made after 2000. They loaned money to debtors in [...]
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You’ve heard that “talks” broke down last night between investors and “the administration,” forcing Chrysler to file Chapter 11. The breakdown came as a small groups of investors refused to accept the “loan reduction proposals” offered by “the administration.” Obama harshly criticized the holdouts: “I don’t stand with those who held out when everyone else is [...]
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