Bruce Krasting's blog

I see this evolving story as a possible turning point. The key CB's will have gone from Offense to Defense.

The gold and bond markets have been "saying" that QE is ending for the past few months. The equity and junk markets have largely ignored the signs. June is setting up as an interesting month.

My guess is that in 2-3 years most folks in the country are going to hate Obamacare, but it it will be impossible to get rid of by then.

The words "Shit Heel" come to mind.

Who's the lady in the Pic.?

An import report on a key element of the economy will show big problems looming for Social Security - it will be ignored.

Welcome to America and its stupid politics.

Rogoff-Reinhart's failure functionally legitimizes debt levels that are measured in multiples of GDP. I think they should be stripped of their credentials.

The Treasury Department planted a "dirty bomb" at the Bank of Japan, and tossed a grenade at the Swiss National Bank.

One element of the President's budget is a sham.

I see Japan as a global aggressor, the country doesn't give a damn about where the chips fall outside of its borders.

There is the potential for some drama - a Cyprus style raid on wealth is a potential outcome.

Krugman compared apples to oranges to make his point.

I don't care how much money Japan prints. Those printing presses can't offset the powerful force of demographics, at least not for long.

Mission Accomplished? When have we heard that before?