China warns Federal Reserve Over 'Printing Money' Exploding Debt Threatens America China Is Now in Firm Control of U.S. Debt Market: It is hilarious listening to the propagandists try to “spin” the events in bond and currency markets to make it sound like the U.S. government is still operating from a position of strength. GM bankruptcy 'inevitable': General Motors, the US car manufacturer, is facing bankruptcy after creditors rejected a proposal to swap $27bn in debt for 10 per cent of the company's stock. Home prices fall at record pace in first quarter: The Standard & Poor’s/Case-Shiller National Home Price index reported home prices tumbled by 19.1 percent in the first quarter compared to the first quarter last year, the largest drop in its 21-year history. Home prices have fallen 32.2 percent since peaking in the second quarter of 2006. Daily Presidential Tracking Poll: The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows that 34% of the nation's voters now Strongly Approve of the way that Barack Obama is performing his role as President. Twenty-nine percent (29%) Strongly Disapprove
By Ambrose Evans-Pritchard
China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds. Continue
By John Taylor
Standard and Poor’s decision to downgrade its outlook for British sovereign debt from “stable” to “negative” should be a wake-up call for the US Congress and administration. Let us hope they wake up. Continue
Thursday, 28 May 2009
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