Tag Archives: debt
When the Gravy Train Jumps the Tracks
The future consequences of all that has been done to the financial system and the economy over the last four years – from late 2008 to the present – are largely not understood. There seems to be some broad impression … Continue reading
More Credit, More Debt: Lessons from the Last Great Unraveling
“The lord giveth increase, but man devised credit.” — Garet Garrett Solving the Debt Problem with Credit Something quite remarkable happened in the years following the war to end all wars. European economies were ruined and European governments were buried … Continue reading
The Clever Fellows of Jackson Hole
The cony-catchers assembling in Jackson Hole, Wyoming, believe the darnedest things. They think they can decide the price of the economy’s most important component – its money – better than the market can. Moreover, by low-balling the price of money … Continue reading
The Great Middle Class Debasement
More is revealed each and every day. Whether you like it or not, the glut of information expands like the glut of Federal Reserve notes in foreign account balances. Last week was no exception…many significant discoveries were made… Samsung, for … Continue reading
