Tag Archives: federal reserve
Magnifying a Magnificent Debt Bubble
Last week it was discovered that, Kweku Adoboli, a 31-year-old equities trader for the Swiss bank UBS, had gone rogue. In a remarkable misadventure he managed to blow $2 billion of other people’s money at his employer’s expense. Apparently, UBS … Continue reading
Why U.S. Treasuries are No Longer the Safest Investment in the World
The world’s a humbling place. It’ll change right before your very eyes and you don’t even know it…until it’s too late. Where markets are concerned this can be an expensive and chastening lesson. Not long ago it was common knowledge … Continue reading
Controlling Economic Diarrhea with Adhesive Tape
Some people never learn. Give a klutz a hammer and he’ll smash his thumb every time. Give a boozehound a bottle of Strawberry Boone’s Farm and he’ll guzzle it down en route to get another and another…until it practically kills … Continue reading
Hell Bent on Destroying the Currency
We’re in San Francisco today taking a break from our daily labors to ride cable cars up and down Powell Street and traverse through the city’s sundried districts, like Chinatown, North Beach and Fisherman’s Warf, with our wife and son. … Continue reading
