Japan is Crumbling #CDS #collapse #global #economy #IMF contributes #transition #peakoil

Watch the CDS and IMF, bank bailouts, protests, and austerity measures while security related stocks soar.

Clipped from www.bloomberg.com

Japan’s Credit Outlook Lowered to Negative at Fitch Amid Rising Debt Level

Japan faces the rising risk of a reduction in its sovereign-debt rating as Prime Minister Naoto Kan struggles to assemble the political support needed to craft a plan for paring the world’s largest public debt burden.

“It’s an alarm bell for Japan to demonstrate political leadership to take an action to ensure the credibility of the nation’s debt,” said Junko Nishioka, chief economist at RBS Securities Japan Ltd. in Tokyo. “Concerns over Japan’s fiscal conditions will become an issue again in the bond market in coming months, which could make it more likely for bond yields to rise.”

The central bank is poised to keep its monetary stimulus, contrasting with counterparts from China to India that are tightening policy to stem inflation. Prices climbed in Japan after global energy and food costs rose and retailers suffered product shortages in the aftermath of the natural disaster. Read more at www.bloomberg.com

 

‘Big Oil’ lobby certain oil cos will cut jobs before accepting lower profits

http://www.rawstory.com/rs/2011/02/24/big-oil-lobby-to-begin-d...

 

 

Here it goes. A President finally has the balls to propose cuts to oil subsidies and big oil threatens the loss of jobs - rather than diversifying their portfolios to include more clean energy