Monty Pelerin's World

Tough Guy Bernanke Blows Smoke Fed Chairman Ben Bernanke appeared before Congress this week wearing his “bad guy” face. I did not watch his testimony either day. Apparently, based on [...]

A Wall Street Journal article reported: “The Treasury said it will borrow $200 billion and leave the cash proceeds on deposit with the Federal Reserve, reviving a program that will [...]

China increasing their sales of US Treasuries cannot be good news. Ambrose Evans-Pritchard writing in the Telegraph speculates that the sales are being used as a foreign policy tool to [...]

In Jimmy Carter’s reign, the Wall Street Journal editorialized about “Ratcheting to Ruin.” The title derived from the fact that each cycle high in unemployment was higher than previous ones, [...]

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 [...]

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, [...]

WHY THE FALLING DOLLAR IS HARMFUL There are several reasons for foreign investors to stop buying Federal Government debt. One is merely the diversification motive. They already hold too many [...]

Reuters Blogs Rolfe Winkler October 26th, 2009 15:12 Morning Links 10-26 Posted by: Rolfe Winkler Tags: Wall Street, rolfe winkler, links Detroit house auction flops (Reuters) “Despite a minimum bid [...]

Image by Extra Ketchup via Flickr Allan Meltzer is a renowned Monetarist and academic economist. His discussion below of current economic policy and interest rates is important reading. He succinctly [...]

Image via Wikipedia Julian Robertson, legendary investor, expressed what I believe to be the critical immediate problem facing the US (and the rest of the world). With my emphasis added, [...]

The beat goes on. Next week sets new record in Treasury debt. There is no end in sight for these incredible funding needs. How can anyone think this can end [...]