Tag Archives: monetizing debt
Blowing Gas
Things sure do change. Several years ago the personnel working the freeway off ramps in Long Beach, California, were immigrants from Mexico. They were selling oranges and roses to working stiffs on the way home from their cubicle jobs. These … Continue reading
Are You Ready?
There are fantastic abnormalities taking place in front of our very eyes. The 10-Year Treasury Note is yielding just 1.58 percent and gold, despite a recent pullback, stubbornly sits above $1,700 per ounce. In other words, people are simultaneously expecting … Continue reading
Helping the World Ruin Itself
“Iacta alea est.” – Suetonius to Julius Caesar, upon crossing the Rubicon, January 10, 49 BC Yielding to Political Will Yesterday brought forth new evidence that man, despite his better judgment, will nearly always yield to political will. Several months … Continue reading
Providence Is With Us
Yesterday European Central Bank President Mario Draghi announced what could be an unlimited bond buying program to save the euro. Later in the day, after running up 28 points, the S&P 500 closed at its highest level since before Lehman … Continue reading
