Wednesday, 11 August 2010

Iran Retaliates Against Sanctions: To Drop All Trade In “Filthy” Euro, Dollar
Yet another step in the escalation between Iran and the US came earlier today.

New Iranian Submarine Threat Could Send Oil to $200 a Barrel
You might wonder how the media – and, more to the point, the oil markets – have missed an important story like this.



San Francisco Fed: “A Recessionary Relapse Is A Significant Possibility Sometime In The Next Two Years”
Presented without commentary, suffice to say that idiots who look at the LEI and factor for the curve inversion subindicator deserve all they get.


Now Brussels wants to tax Britons directly with EU-wide levies on banks and air travel
Brussels has launched an audacious bid for new powers to impose taxes in Britain.