Category Archives: Government Debt
Less than Zero
Just when we thought we’d seen it all the impossible happened. Earlier this week the 10-year Japanese government bond slipped into negative. Obviously, it took decades of heavy handed intervention into credit markets to pull off such a feat. On … Continue reading
Fighting the Suck in China
Old records are being broken. New records are being notched. On Monday, for example, the People’s Bank of China reported a record liquidation of foreign exchange reserves occurred in November. Specifically, China’s foreign exchange reserves declined $87.22 billion in November … Continue reading
Another Government Ponzi Scheme Starts to Crack – Do You Depend on It?
Another Government Ponzi Scheme Starts to Crack – Do You Depend on It? By Nick Giambruno, International Man Government employees get to do a lot of things that would land an ordinary citizen in prison. For example, it’s legal for … Continue reading
Economic Profanity
Significant changes are taking place. As we noted several weeks ago, for the first time in 27 years wealth is not flowing into emerging markets. It’s flowing out. The global economy everyone has known since the late 1980s is being … Continue reading
