- Tourism May Add $850B With New Visas SH: Americans apparently don’t want of the wealth they sent to BRICs coming back into the deflating economy? I love the argument from the anti-immigrant group who fear the now middle class Chinese and Brazilian tourists may overstay their visa . . . and what? Take the non-existent US jobs?
- ProPublica’s Off Base Charges About Freddie Mac’s Mortgage “Bets”
- Rupert Murdoch Is WRONG: Here’s Proof That Digital Media Isn’t Cannibalizing Showbiz
- The perils of Mario Draghi’s €1.5 trillion blitz
QUOTE: The whole LTRO scheme increases “debt cross-holdings and systemic risk”, and ultimately lowers recovery rates for creditors. Mr Gallo thinks the next spasm of the crisis may hit as Italy redeems €97bn in February and March, and Spain redeems €30bn, with Portugal sliding into ever deeper debt as the economy contracts violently.