Tag Archives: debt ceiling
When the U.S. Treasury Bond Bubble Finally Explodes
The U.S. government borrows more than $40,000 per second. You’d think running up the credit cards at such a rate would be great fun. Yet, as far as we’ve made out, there’s nothing much fun about it. Who knows? Perhaps … Continue reading
The Magic World of Guaranteed Retirement Accounts
The pursuit of ignominy is nondiscriminatory. For it’s with equal opportunity that each individual’s granted the occasion to act a buffoon. Most rare is the man who heeds the calling, ascends to the highest ranks of public office, and preserves … Continue reading
Debt Default
There’s something both amazing and astounding going on. Last month, Standard & Poor’s lowered its long-term outlook for the federal government’s fiscal health from “stable” to “negative.” Since then yields on 10-Year Treasury Notes have dropped 18 basis points. Here … Continue reading
