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Doug Noland: “Significant Unavoidable Cost”

by John Rubino on July 30, 2010

In this week’s Credit Bubble Bulletin Prudent Bear’s Doug Noland makes a crucial point: It’s not inflation that the U.S. risks by issuing trillions of dollars of new debt, but “a crisis of confidence at the very heart of our monetary system.” Exactly. If we keep this up the financial markets might abandon dollar-denominated assets, [...]

"We Could Really Use Some Good News"

July 16, 2010

Normally, the consumer sentiment number that comes out each month seems like a piece of media fluff, far less substantial than, say, housing starts or the gold price. But today’s report is unusual enough to deserve a longer look. From MarketWatch: Nothing happened, but the news was bad anyway Commentary: Historic decline in sentiment comes [...]

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Why We’re Ungovernable

July 14, 2010

For the first time in 250 years, politics has become irrelevant. Not uninteresting or unimportant; obviously the way a society organizes itself matters to its citizens and its place in the world. But today there are no policies left on the “possible” menu that will save us from what’s coming. So a rational person’s time [...]

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