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French govt guarantees Credit Immoblier Bank funding dried up Bond payment due 30 bln euro loans 20 bln guarantee 300 branches Lending to poor Chinese manufacturing Unexpectedly contracts First time in 9 mths Official PMI ANZ cuts forecast Below 8% vs over 8% Further stimulus Widely expected Bernanke speaks Jackson Hole 24 page speech QE [...]

On July 3, 2008 — the day before Independence Day — Barack Obama said that adding trillion in debt was irresponsible and “unpatriotic. Obama: The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the [...]

Anything Chinese Premier Wen Jiabao does around this period of time is sure to be scrutinized. Late summer has traditionally been the time for secretive high-level meetings of Communist Party officials at the seaside resort town of Beidaihe. In this year of leadership change, the meetings are especially important. That’s why Wen’s appearance in the [...]

The Laundry B@#$ and Raged Old Lady are still getting called by debt collectors, so it’s time for them to deal with the nuisance calls.

Follow us @ twitter.com twitter.com Welcome to Capital Account. As the economic crisis unfolds, and we see evidence of ‘crony-capitalism’ and ‘corportasim’, we wonder if capitalism even still exists. Our guest, Richard Duncan, believes we live in a system he calls ‘creditism.’ He has flown half-way around the world from Thailand, to explain to us [...]