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A Debt Ceiling Fold Imminent? Probably.
I have this sinking (but totally expected) feeling that Republicans are about to sell out us and the nation yet again. Before we get to that, though, let’s begin with some good old fashioned class [...]
“Shovel Ready” Laugh Not the Only Outrage
The sight of President Obama and General Electric CEO Jeffrey Immelt laughing at the lack of “shovel ready” jobs wasn’t the only outrage produced by the recent meeting of the President's Jobs and Competitiveness Council. [...]
Does Anyone Remember Lehman Brothers?
T-Bill rates now negative, general collateral at 1 (ONE!) basis point (=0.01% interest). Negative interest rates mean that you are willing to pay someone to hold your money on the belief that you will get [...]
If This Is The “Deal,” I Have two Words: Bite Me
Budget negotiations are reportedly closing in on a deal to cut the federal deficit and then raise the debt ceiling. Bloomberg focuses on a big number and then, later, tells you that the cuts will [...]