Monthly Archives: July 2011
A Run on the United States Government
Things are ugly out there. The governments of the world are going broke in unison. Over in Europe, the credit ratings of Greece, Ireland, and Portugal have been downgraded to junk bond status. Italian and Spanish debt is sure to … Continue reading
Doomed from the Get Go
According to the National Bureau of Economic Research the Great Recession ended in June 2009. That means the U.S. economy has been in recovery for over two years. Perhaps, semantically, this is so. But just what type of recovery is … Continue reading
Default Now
It is too bad that idiots don’t warn people before they do something really stupid. Perhaps someone of sound mind could intercept them and redirect their misguided intentions. Instead they seem to attract other kindreds…where they thrash about with self-reinforcing … Continue reading
The Path of Least Resistance
The stock market hopped like a frog last week…jumping higher than in any week in over two years. When the week was over, the DOW had climbed 5.4 percent, the S&P500 had climbed 5.6 percent, and the NASDAQ had climbed … Continue reading
