Tag Archives: treasuries
When the Whole Paper Edifice Collapses
There was massive carnage on Wall Street yesterday – again. No doubt, it makes for some exciting headlines. But here at the Economic Prism we won’t take your time to ponder the stock market’s precipitous decline. For, today, we’re more … Continue reading
Making Obese Debt Levels Possible
Make no bones about it…this economy sucks eggs. Just ask anyone who’s looking for a job and they’ll tell you, ‘no one’s hiring.’ Despite official decree from the National Bureau of Economic Research that the Great Recession ended in June … 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
The Path of Least Resistance
The stock market hopped like a frog last week…jumping higher than in any week in over two years. When the week was over, the DOW had climbed 5.4 percent, the S&P500 had climbed 5.6 percent, and the NASDAQ had climbed … Continue reading
