Tag Archives: dollar
2012: Predictions, Prognostications, and Prophecies
Before we turn the page to 2012 we must take a look back at the year that just passed so we can extract context for the year to come. Looking at where the stock market began and ended in 2011, … Continue reading
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
