Note to Ambrose Evans-Pritchard at The Telegraph: You Have Excellent Insight as to What is Happening and Why, But Please Get a Grip on Reality as to Solutions16 May 2012

Once again, I sadly report that Ambrose Evans-Pritchard at The Telegraph hits the nail on the head as to what is happening, yet cannot hit the broadside of a barn with a shotgun from 15 feet in regards to the solution. It really pains me to see exce...

Spain Potpourri: Official Denials From Finance Minister; More Nationalizations Coming Up; Banks Use ECB Money to Refinance Large Enterprises in Dire Shape, New Credit To Households Down 80%16 May 2012

Official Denials From Finance Minister Finance Minister Says "Nothing to Hide" Asks for ECB Audit of Banks, Denies Need for Rescue Fund The Economy Minister Luis de Guindos, said Tuesday it has asked the European Central Bank (ECB) to assist in th...

Screeching Halt in China; Weak Trade Data; Imports and Exports Fall Way Short of Expectations; Credit Crunch Underway; Feeble Forecasts From Pimco, Others15 May 2012

China bulls are in for a multi-year shock because rebalancing from an economy overly dependent on exports is going to be far more painful, and last much longer than most think. Data is coming in much weaker than expected, but I propose this is only t...

Mish Interview on the "Daily Bell": Rise of Money Metals, Why Credit Matters15 May 2012

On Sunday, May 06, 2012 I gave an Exclusive Interview to the "Daily Bell" with Anthony Wile that I would like to share with my readers. The Daily Bell is pleased to present this exclusive interview with Mish Shedlock. Introduction: Mike "Mish...

ALS Update; I Still Need Your Help; Money Contributions From 22 Countries!15 May 2012

In case you missed it, back on April 2, 2012 I reported My Wife Joanne Has ALS, Lou Gehrig's Disease. In that post, I announced I was running a raffle for the benefit of the Les Turner ALS Foundation. Please read the post if you have not yet seen it...

Mervyn King warns on UK growth as eurozone 'tears itself apart' - The Guardian16 May 2012

The GuardianMervyn King warns on UK growth as eurozone 'tears itself apart'The GuardianSir Mervyn King has warned that Britain's recovery from the biggest financial crisis in its history was being hampered by a eurozone that was "tearing itself apart". Stressing that there was a risk of a "storm heading our way from the continent", ...BOE Cuts Forecast, Warns Of Euro StormWall Street JournalBoE cuts growth forecastFinancial TimesBlow as Mervyn King warns taming inflation will take 12 more monthsEvening StandardTelegraph.co.uk -Scotsman -The Associated Pressall 763 news articles »

"Procedural mistake" made by prosecution in Mladic trial - Xinhua16 May 2012

CTV.ca"Procedural mistake" made by prosecution in Mladic trialXinhuaTHE HAGUE, May 16 (Xinhua) -- The trial of Ratko Mladic, which started on Wednesday in The Hague, may be adjourned after the prosecution failed to deliver key material about the first witnesses in time. The trial against the former Bosnian Serb army ...Ratko Mladic: Brutal villain to many, hero to othersCNNMladic's genocide trial begins at war crimes tribunalFox NewsFormer Bosnian Serb army commander Ratko Mladic mocks survivors as his trial ...Evening StandardThe Associated Press -BBC News -Reutersall 1,557 news articles »

Theresa May heckled and jeered during police conference speech - The Guardian16 May 2012

The GuardianTheresa May heckled and jeered during police conference speechThe GuardianThe home secretary, Theresa May, had to endure heckling and jeering by rank and file police officers as she defended 20% funding cuts to policing and reforms to their pay and conditions. May's 25-minute set-piece speech to the 1200 strong Police ...Police Federation humiliates Theresa May by forcing her to make speech in ...Telegraph.co.uk'Take share' of cuts, Theresa May tells policeBBC NewsPolice give Theresa May the silent treatmentChannel 4 Newsic Scotland.co.ukall 411 news articles »

Germany says wants stable Greece within euro zone - Reuters16 May 2012

Telegraph.co.ukGermany says wants stable Greece within euro zoneReuters| BERLIN May 16 (Reuters) - Germany wants to stabilise Greece within the euro zone but Athens must stick to its agreements with international lenders, a German government spokesman said on Wednesday. "We want to stabilise Greece within the euro.Greece euro exit fears hit marketThe Press AssociationEuropean shares plumb fresh 2012 lows on Greek traumaReuters UKEuropean debt crisis: what does it mean for your holiday euros?Telegraph.co.ukWall Street Journal -AFP -ABC Newsall 5,088 news articles »

Greek banks see steady deposits outflow - Financial Times16 May 2012

The HinduGreek banks see steady deposits outflowFinancial TimesGreek banks have seen a steady outflow of deposits this month, reflecting savers' concerns over the failure of political leaders to form a coalition government and the prospect of another inconclusive election, which will be on June 17.Greece's anti-bailout SYRIZA leftists lead in pollReuters UKGreek chaos continues to roil world marketsThe IndependentCourt official to be appointed Greek interim PMThe Associated PressBBC News -Wall Street Journal -Xinhuaall 5,917 news articles »