Tag Archives: default
Watch Out Below
Six months ago a canary was sent down into the global economic coal mine. At the time, oil was priced at over $110 a barrel. Last month they pulled the canary retrieval line back up…the canary was dead. The economy … Continue reading
Putin’s Revenge?
Buying low and selling high is an investment strategy that guarantees success. But few are capable of doing it. Most people have an uncanny ability to buy high and sell low. They’d rather buy Facebook at 80 times earnings than … Continue reading
Albert Einstein’s Eighth Wonder of the World
“It’s a stupid way to run a country,” remarked Maya MacGuineas over the Thanksgiving holiday weekend. MacGuineas, head of the Campaign to Fix the Debt, was commenting on Congress’s failure to operate within a budget. “Change comes from two possible … Continue reading
Playing with Fire
The great default is rapidly approaching. Time is running out. Like a runaway freight train…there’s no stopping it. To start, the U.S. government is broke. The only thing keeping the lights on in Washington is $1 trillion per year of … Continue reading
