Debt Limit Debate: What’s Really Going On?

Watching TV while eating lunch today inspired this rant. Relevant ideas for your consideration: The budget "cuts" are compounded over ten years, but the debt ceiling raise is just until it gets used up again. So when they talk about "$2 Trillion in cuts and $2 Trillion in debt ceiling increase" what they mean is [...]

By |2011-07-14T09:48:48-04:00July 14th, 2011|Government|1 Comment

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 [...]

By |2011-06-30T21:11:43-04:00June 30th, 2011|Economy|0 Comments

Featured Video