John Mauldin describes one of the underlying flaws in Europe: The European Monetary Union was a triumph of hope over reason, pieced together from very dissimilar countries which, while sharing common borders, have very different cultures and economies. That it would eventually face an existential crisis was foretold by numerous critics at the time of [...]
Archives for May, 2012
John Williams of Shadowstats.com produces his own statistics based on government data. Most of what he does is merely adjust government data to make it consistent with prior methodology. He has a fascinating website which I encourage you to visit. His is a subscription service, but much information is available to non-subscribers. Mr. Williams appeared [...]
The hypocrisy and stupidity of politicians is unbounded. Leading the pack in both of these categories is the easily despised Chuck Schumer, senator from NY. His attack on the Facebook founder and the threats he made about passing legislation that would never let him back in the country meets new levels of idiocy, even for [...]
For those who think bonds are a safe place to be, you might want to reconsider. In addition to rising sovereign risk (yes, for the US as well as other countries), there is interest rate risk. Interest rate risk is what you assume when you buy a bond and do not intend to hold it [...]
This 12 year-old Canadian girl understands the scam run by the banks and the government. What she discusses in Canada applies to the US.