Don’t Forget America’s Failed States
London is burning. Greece is in receivership. Nobody wants Italian bonds. France’s AAA rating is at risk. The headlines do seem to be a bit
London is burning. Greece is in receivership. Nobody wants Italian bonds. France’s AAA rating is at risk. The headlines do seem to be a bit
A comment thread on a recent DollarCollapse post reflects a debate that’s pretty widespread these days: eugene August 1, 2011 at 6:17 pm The thing
The idea that there were pain-free solutions to the mountain of debt the world has taken on was always a delusion. But it was one
For a couple of years now it’s been clear that the world was about to fall apart, with the only question being which local failure
The following three stories would be funny if the picture they paint wasn’t so sad. First this: Second-Mortgage Misery Almost 40% of homeowners who took
With the election over, there’s no political rationale for the Fed printing another $600 billion. So what they’re seeing must be terrifying enough to make
Pretend for a second that you recently retired with a decent amount of money in the bank, and all you have to do is generate
Here’s another take on the inflation/deflation debate from Council on Foreign Relations senior fellow and Financial Times columnist Sebastian Mallaby: Forget Jesus and ask the
This week the focus shifted from Europe, where (apart from the French World Cup team) things are quiet, to the US, where state budget deadlines
A couple of articles appeared today that couldn’t be more different in tone, content, or point of view, but dovetail in a really disturbing way.
On its long journey to the land of bankruptcy, the Western world recently arrived at the last and most important crossroad. One branch led to
So I’m sitting here trying to turn a pile of (mostly terrifying) data on muni bonds into a post that explains why this is the
The fascinating thing about “long wave” analysis (broadly defined to include Kondratieff waves, Elliott waves, and William Strauss and Neil Howe’s Fourth Turning) is that
With a bail-out of Greece apparently imminent and everyone drawing parallels between the PIGS countries and the Wall Street firms that nearly cratered the global
Standard & Poor’s is threatening to cut Japan’s credit rating, which doesn’t sound like that big a deal in a world where no one’s credit
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