Insurance Companies

Blind Faith Everywhere

Beware of academics bearing models. Knowing prices are wrong and knowing when they are going to correct are two very different things - being able to survive until and through the correction is vital.

Gross: "Without QE From ECB And BOJ, The U.S. Economy Would Sink Into Recession"

"The ECB and BOJ are buying $150 billion a month of their own bonds and much of that money then flows from 10 basis points JGB's and 45 basis point Bunds into 2.45% U.S. Treasuries.... I would venture a guess that without QE from the ECB and BOJ that 10-year U.S. Treasuries would rather quickly rise to 3.5% and the U.S. economy would sink into recession."

Summing Up 8 Years Of Barack Obama

One day his Supreme Court justices will retire. Obamacare may be repealed. History will forget about his charisma and charm. Edward Snowden may eventually return home. The 500,000+ pages of regulations his administration issued will be replaced. And even the families of all the innocent victims who were accidentally killed in his drone strikes may move on with their lives. But the debt will still be there.

Mad As Hell

Why the electorate is so pissed off...

2017: The Year When The World Economy Starts Coming Apart

The history of previous civilizations rising and eventually collapsing is well documented. Our current economy seems to be following a similar pattern... Our fundamental problem is the fact that neither high nor low energy prices are now able to keep the world economy operating as we would like it to operate.

Chuck Schumer Slams Republicans For Proposing $9 Trillion In New Debt

In an curious exchange in traditional roles, Senate Minority Leader Chuck Schumer slammed Republicans on Tuesday for advancing a fiscal year 2017 budget resolution which, while designed to repeal the Affordable Care Act, also contemplates more than a $9 trillion increase in the public debt over a decade