economic policies – Richmond Tea Party

Must-Read Piece From Sultan Knish; What’s Really Going On Here?
Gallery
Must-Read Piece From Sultan Knish; What’s Really Going On Here?

Government

Must-Read Piece From Sultan Knish; What’s Really Going On Here?

I wish I could write like this, but alas..."Edge of the Spending New Frontier" Here's a teaser: ...it is the utopians and their economic policies who have forced their own moment to its crisis. Had Obama not won, they would have been able to comfortably sit back and blame Bush era policies for the mess. [...]

By JJac|2011-07-21T09:18:00-04:00July 21st, 2011|Government|0 Comments

Does Anyone Remember Lehman Brothers?
Gallery
Does Anyone Remember Lehman Brothers?

Economy

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 your money back less a storage fee. Capital is going into hiding at a frenetic pace. Negative short term rates [...]