Viewing articles by Greg Hunter

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, The U.S. stock market surged yesterday on news the European Union (EU) would deploy a two trillion euro rescue fund to help get its sovereign debt crisis under control.  This news was so good even battered Bank of America stock jumped more than 10%.  Crisis averted?  Hold on, not… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, The meeting yesterday in Europe to come up with a plan to stem the sovereign debt crisis turned sour.  Zero was accomplished, except to put even more fear into the world over an impending financial meltdown that will likely be worse than the 2008 mushroom cloud.  The Telegraph UK… Read more »

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Greg Hunter’s USAWatchdog.com Dear CIGAs, I, and many others, have said when it comes to the economy, nothing has been fixed.  I thought Federal Reserve Chief Ben Bernanke underscored that fact when he spoke yesterday in Washington D.C. for the Joint Economic Committee.  Mr. Bernanke said in prepared remarks, “There have been some positive developments:… Read more »

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By Greg hunter’s USAWatchdog.com Dear CIGAs, I keep hammering away at the fact the Fed doled out $16 trillion in the wake of the credit crisis of 2008.  This is an enormous sum that is greater than the all goods and services produced in the U.S. in a single year.  Domestic banks and companies got… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, Just about everywhere you turned yesterday, the mainstream media (MSM) was talking up the good news in the latest Case-Shiller Home Price Index report.  For example, the online version of USA Today had a headline that read “Spring buying boosts home prices, market still sluggish.”  The first line of… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, I keep hearing the so-called experts say how much better shape the banks are in now than in the last financial meltdown of 2008.  To that, I say horse hooey!  Any expert worth his salt knows that nothing has been fixed in the financial system.  The problems were papered… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, It doesn’t seem that anyone is worried much about another enormous bailout to stabilize the world financial system that kicked off last week.  According to one top European banker, many of the biggest banks there are insolvent.  The problem is so large that the European Central Bank along with… Read more »

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By Greg Hunter’s USAWatchdog.com Dear CIGAs, The head of the International Monetary Fund, Christine Largarde, said Friday the world economy is entering a “dangerous new phase.”  Lagarde is referring to a debt bubble, the likes of which the planet has never seen before, and the possibility that it could all unravel at any moment.  Uncertainty… Read more »