Archive - Mar 9, 2012 - Blog entry

In Greece, only 36% of the population work. And now the system is locking up.

For all this talk and hype, QE 3 is nowhere to be found. And it won’t be showing up anytime soon unless a full-scale Crisis hits. The reason for this is that the political landscape in the US has changed dramatically with the Fed becoming more and more politically toxic. As a result of this, the Fed (with few exceptions)  has begun to shift into damage control mode.

Has BP Made “Natural” Oil Seeps In the Gulf Larger?

Yes, Obama Claims Power to Kill Americans on U.S. Soil

Looks like it's time to start looking for somewhere else to peddle those Treasuries -- but then, when hasn't it been?

Greece defaults & if it works, what makes anyone with a thirdof a synapse think that Portugal/Ireland will NOT jump in line to stiff creditors? This is more the end of the beginning than the beginning of the end of the crisis.

The Fed can get more market gains from Charles Evans than $600 billion in QE. Hey Bernanke, here’s an idea: just stop bothering with monetary policy at all give Charles Evans his own TV show. Heck, we'd get the same effect with less Dollar devaluation. 

D.C. is fudging the books big time according to the CBO.

All you need to read.

A return lecture by Persian Messenger No. 1...