The National Debt Limit Equals a Balanced Budget
Once again the United States government is rapidly approaching a fiscal debt ceiling: After March 16, 2017, Uncle Sam will not be legally allowed…
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Benn Steil: China’s Bond Market Can’t Handle a Global RMB
The Chinese RMB’s ascension into the IMF’s SDR currency basket in October has been widely seen as an important first step on its path to becoming…
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Trump’s economic plan runs the risk of severely derailing the US economy
Trump’s plan is what Keynes would have prescribed Most economic commentators such as a Nobel Laureate Paul Krugman should be delighted with the US…
Read MoreGeneration Snowflake clobbered, again
“Paul Krugman Says Markets Will ‘Never’ Recover From Trump; Dow Hits Record High” – Headline from The Daily Caller. “Experts who can guide…
Read MoreThe Looming Bubble in Long-Term Debt
In the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have constantly argued over the next big bubble. Will it be in…
Read MoreChapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia, 1814. Our system of money-creation…
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The Cozy Relationship between the Treasury and the Fed
Last year was a tough one for investors. Gold was down 10 percent. The Dow Industrials fell 2.5 percent, and most bond indexes finished…
Read MoreGreece’s referendum
This coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving…
Read MoreUnsafe at any price
“Everyone is bullish. Contrarians know that must be bearish. However, everyone has been bullish for a while, yet the S&P 500 rose to a…
Read MoreOn billionaire altruist lunatics..
Facts do not cease to exist because they are ignored. – Aldous Huxley. There was once a time, perhaps, when unprecedented things happened…
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