Posts Tagged ‘world’

Mind Boggling – The True Cost of The Bailout

Monday, December 1, 2008 18:23 11 Comments

At $8.5 Trillion already pledged by the US Government, the 2008 bailout of the financial sector has become largest single expenditure ever assumed by the US Government (Or any government). Just how large you ask? We’ve now exceeded the total cost of World War 2, The New Deal, Korean War, Iraq Invasion, Vietnam, The Louisiana [...]

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U.S. to Decline & Breakup – Russian Analyst

Tuesday, November 25, 2008 15:53 No Comments

Russia’s RIA Novost Reports – A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts.
Professor Igor Panarin said in an interview with the respected daily Izvestia published on Monday: “The dollar is not [...]

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AXA Warns as Cost of Annuity Hedging Skyrockets

Tuesday, November 25, 2008 7:56 1 Comment

The annuity shoe is about to drop!
(MarketWatch.com) Shares of AXA dropped as much as 17% in Paris as the French insurance giant shaved about a quarter of this year’s underlying earnings assumptions as the world’s market gyrations produced fewer asset fees and made it more difficult to pay out on annuities.
The insurer added that the [...]

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