Category Archives: Government Debt
The Joy of Going for Broke
One of the fabulous familiarities of living in a fading society is that not a day goes by where something utterly flabbergasting doesn’t occur. We don’t like it, of course. But who are we to stand in the way of … Continue reading
Detroit Bankruptcy Uncovers Disastrous Pension Fund Fudge Factor
Detroit filed the largest municipal bankruptcy case in U.S. History last Thursday. Then, on Saturday, Helen Thomas bit the dust. No doubt, both passing were long overdue. As far as we can tell, the demise of Helen Thomas and Motor … Continue reading
Programs to Control the Uncontrollable
Things are melting up – and melting down – the world over. What’s more, summer’s only just begun. While Americans were dreaming of block parties and beach bashes as they punched out for the Independence Day holiday Wednesday afternoon, Cairo … Continue reading
Ingesting Rabbit for Supper
All of the sudden boring old government bonds have become real interesting. For over the last six weeks a remarkable new awareness has come over the credit market… If you can believe it, interest rates don’t always go down. In … Continue reading
