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Called It
You thought my last piece on "Bond Vigilantes" was a joke, didn't you? NOPE. On Zerohedge today: The Bond Vigilantes Are Here: US Net Notional CDS Outstanding Surpasses Greece For The First Time As the [...]
Gold And The Debt Limit
Presented without comment, as none is necessary (props to Zerohedge). Click on the image for a full size view:
Bond Vigilantes, Rumored Dead, Arise From The Sea And Visit Washington DC; Obama To Veto “Cut, Cap and Balance”
Even Bernanke's money-dropping aircraft are powerless to stop the carnage. http://www.youtube.com/watch?v=o7gFlSGXt_k&feature=related Ray Dalio was just interviewed by John Cassidy of The New Yorker. The article goes to some length to describe Dalio's business style and his [...]
Credit Rating Agency Downgrades U.S. Debt
Props to Zerohedge (the best English-language financial news aggregation service in existence anywhere) for the heads up. ...the major factor driving credit quality is the relatively high level of debt and the difficulty in significantly [...]