Archive - Jul 17, 2011 - Blog entry

If we are in a deflation, why are we having inflation? But, if we are having inflation why haven’t we seen prices go crazy? I explain why inflation is just starting.

This edifice blows apart once there are actually defaults and as importantly downgrades of the so called AAA debt structure.

"It’s a good cop-bad cop deal, a charade that they’re both playing." - Michael Hudson

Houston, we have a farce...

Take a guess who the winner is? (Hint: If you're not big oil, you're the loser on this trade)

Attacking the independence and objectivity of the ratings agencies due to their business model is easy, but it largely ignores the deeper problem: The ratings agency approach to credit analysis is inherently and impossibly broken, and efforts to reform it merely amount to tilting at windmills.

Outgoing Joint Chiefs Chairman Admiral Mike Mullen’s bumbling replies to questions by “automated” university students during a mid-July Beijing visit were symptomatic of total disarray in U.S. China policy. Instead of clear-cut defense of no military takeover of Taiwan, with its 25 million the only free society in Chinese history, the Admiral backed into a defense of U.S. policy as if the Taiwan Relations Act were an impediment Washington leadership had difficulty overcoming.

Another Canadian pension policy blunder on its way...

"It is telling that, once again, a New York court is more interested in exposing fraud taking place right here in Palm Beach County than our own Florida courts, even citing to the investigation of the Florida Attorney General"

I think it would be fun to run a newspaper--Citizen Kane

If the United States had to pay the interest rates the Italians have to pay, the US would face a game changer...

Sorry to be rude, but ...

Fed Chairman Bernanke told Congress the recent rise in inflation appears likely to be transitory, where in fact the only 'transitory' effects are the QE3 euphoria and the once prevalent "deflation alarm".