Winston Churchill warned; “An appeaser is one who feeds a crocodile, hoping it will eat him last”. Churchill would understand the dynamics of the European and American sovereign debt crisis. Modern warfare is not about a blitzkrieg of panzers, dive-bombers, and storm-troopers swarming across borders to over-whelm patriotic defenders. Today’s world dominators sucker their prey [...]
READ MORE »Late yesterday afternoon the highly respected credit rating firm, Moody’s Investor Services, officially warned that if there is no imminent progress in Congress on the debt ceiling fight, the United States of America’s Aaa credit rating would be cut. Understanding that such a draconian event as a U.S. credit downgrade would infuriate voters, it should not [...]
READ MORE »Goldman Sachs is out of Lipstick On Wall Street there is a not-so-funny saying about selling lousy investments at high commissions to the public: “Let’s put some lipstick on this pig and get out there and sell it”. With the filing of accusations of fraud by government regulators against Goldman Sachs, the storied Investment Banking [...]
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