Greece is a beautiful country with beautiful scenery. The view of their financial demise is not one of the pretty scenes. SAI THE WIRE CLUSTERSTOCK MONEY GAME GREEN SHEET WAR ROOM LAW REVIEW LATEST VIDEO Thursday, April 22, 2010 This Is What The Greece Endgame Looks Like Yes, you’ve been [...]

Hopefully, nothing! We know that Ben Bernanke pledged to stop quantitative easing (QE) at the end of March. We have now passed that point, and it remains to be seen whether he keeps his promise. In Obama’s “Ides-of-March” Moment is Near, the likelihood of that happening was judged as not very [...]

Bond markets are looking askance on the Federal Government and its continuing profligacy. The belief that the US can continue to finance its current deficits may be questioned. According to Chris Wood writing for Casey Research, Warren Buffet (and other private firms) now borrows at a lower interest rate than [...]

Our ability to fund our deficits and fixed income needs ended last year. The Treasury market is perhaps the biggest bubble yet to burst. It is highly probable that this bubble reached its zenith and started to deflate 2009, propped up only by extensive and surreptitious quantitative easing. It is [...]

David Malpass has written an outstanding article in the Wall Street Journal. He details how the Fed’s low interest rate policy is adversely affecting capital allocation, creating what the Austrian School of Economics would call malinvestment. His analysis is microeconomic-based as opposed to the macroeconomic nonsense so prevalent today and [...]

This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, using cash flows and borrowing capacity, to support his conclusion. Stansberry  has a great sense of urgency believing “the odds [...]

If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it is worse than any time since the Great Depression. I [...]

A Deflation Story by Bill Bonner London, England “It was at Rome, on the 15th of October, 1764, as I sat musing amidst the ruins of the Capitol, while the barefooted friars were singing vespers in the Temple of Jupiter, that the idea of writing the decline and fall of [...]

Here is a must-listen by Julian Robertson, a legend on Wall Street and a knowledgeable investor. The interview is quite straight-forward and frank and provides a good overview of the important forces in play. Not crazy about his global warming views. Warming Data Doesn’t Cooperate, Just Change ItWisdom: Eisenhower and [...]

Interest rates on Treasuries must increase. China, India, Russia and many other countries have admonished us on our profligacy. They have reduced their purchases and rearranged their holdings to the short-end of the curve. At the same time our funding requirements have soared. Official projections (probably understated) indicate these excessive [...]