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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 [...]
This Is Why More Debt Won’t Work
The chart below is "Total Credit Market Debt Owed," direct from the Federal Reserve's graphical web interface "Fred Graph." Anyone can see that the graph had gone parabolic right before the onset of the Great [...]
True Confessions
Stanton Samenow has worked with and written about criminals for decades. His book Inside the Criminal Mind is a good introduction to criminal psychology. Working with criminals who want to live as law abiding citizens, [...]