Tag Archives: collapse
Deliver Us From Idiots
A central benefit of the government’s debt ceiling calamity was the outstanding comedy it provided. We’ll certainly miss the B-rated entertainment. While it’s unfortunate a default was avoided, the whole hullabaloo served up some tasty performances. President Obama, for one, … Continue reading
Europe Doubles Down on Greek Bailout
Hot dry Santa Ana winds blow from the east across the California desert every fall. They rip and roar their way over and down the mountain passes and rumble their way across the vast Los Angeles basin, pushing the smog … Continue reading
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
On Savages and Perpetual Infancy
Last Tuesday Federal Reserve Chairman Ben Bernanke said the economic recovery was “frustratingly slow.” By Wednesday the yield on the 10-Year Treasury Note had dropped below 3 percent. At the same time, stocks, oil, and gold were shellacked in unison. … Continue reading
