Monthly Archives: September 2011
The Economic Shredding Machine
Like the U.S. Treasury, President Obama’s recent jobs proposal is bankrupt. Quite frankly, we weren’t counting on much. But that doesn’t mean we still weren’t disappointed by its burdensome emptiness. The most remarkable thing about the President’s latest jobs creation … Continue reading
The Revolt Against Absurdity
Credit default swaps insuring Greek debt rose in price yesterday to cover a 98 percent chance there will be a Greek default in the next five years. But perhaps it will happen sooner. Greece is playing games with its austerity … Continue reading
Why U.S. Treasuries are No Longer the Safest Investment in the World
The world’s a humbling place. It’ll change right before your very eyes and you don’t even know it…until it’s too late. Where markets are concerned this can be an expensive and chastening lesson. Not long ago it was common knowledge … Continue reading
More Public Spending Only Hastens the Demise
Kicking off Labor Day weekend last Friday was a report by the Labor Department that, on balance, the U.S. economy failed to create a single job in August. On the bright side, this also means not a single job was … Continue reading
