The incredible debt levels of the US government are shown in the graph below: The graph appeared in a Letter to Congress which advocated aggressive action on the spending problems in the US. The debt ceiling decision is to be used as leverage to exact oversight of federal spending with line-item authority for an independent [...]
Archives for April, 2011
This from a recent Richard Russell newsletter: We’re borrowing billions of dollars a month just to “keep going,” yet, ironically, we’re doling out billions of our borrowed dollars to other nations, all in an effort to keep the fantasy of “the US as world leader” intact. I fear it is not working and all we [...]
There is an interesting quandary arising for investors. We have had a rather massive run-up in various commodities as shown and discussed in this Market Ticker by Karl Denninger. As Mr. Denninger points out, the graphs have parabolic qualities. As he observes: For those who are short in the memory department, parabolic charts nearly always [...]
I am off for a brief vacation for the next few days. Posts will be reduced.
More news from Michael Panzer that the recovery (what recovery?) is mostly a figment of the imagination of Washington and their media gnomes. Every once in a while I like to post a collection of recent reports that should, in theory, help to undermine the enthusiasm that so many in Washington and on Wall Street [...]