Monthly Archives: December 2011

S+P Downgrade Warning on European Sovereign Debt May throw Spanner in the Works

When it really counted in the past in the lead-up to the financial crisis S+P and other ratings agencies failed to warn about the quality or lack thereof of the asset backed financial derivatives that caused so much disaster in … Continue reading

Posted in austerity, classical economics, deficit hysteria, deficits and debt, European debt crisis, European financial stability fund, Greek sovereign debt crisis, Italian debt crisis, Uncategorized | Leave a comment

U.S. Unemployment falls to 8.6% Canadian rate rises to 7.4 %

There is some potentially good news on the U.S. unemployment front as the headline rate of unemployment fell from 9.0 % last October to 8.6% for the past November. Part of this fall in unemployment is due to the positive … Continue reading

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