Tag Archives: dollar
We Are All Screwed
Travels have taken us to Pueblo, Colorado. Until a week ago we’d never heard of the place. Yet here we are, observing life outside the Los Angeles Basin, and writing to you from the banks of the Arkansas River. If … 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
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
Cash and Credit Created from Thin Air is Not Real Wealth
Something mysterious is happening. The U.S. economy is deflating at the very moment the Federal Reserve is huffing and puffing more than ever to pump it up. How could this be possible? Like jumbo shrimp or an ashtray with a … Continue reading
