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Realizing the Full Implications of the Forthcoming Catastrophe
Realizing the Full Implications of the Forthcoming Catastrophe Delivering Tomorrow’s Curses Roman poet Virgil penned these words in his epic, The Aeneid, roughly a generation before the birth of Jesus of Nazareth. They can be loosely translated to, “the descent to hell is easy.” Those who’ve traversed this passage can attest to the veracity of this […]
Cowen: Shutdown Brings “More Default Risk Than The Market Realizes”
Cowen: Shutdown Brings “More Default Risk Than The Market Realizes” Echoing almost verbatim the bleak outlook on the US government shutdown laid out by Goldman on Friday in which the bank said the government closure could last “up to a few weeks” and become dangerous once it approaches the timing of the debt ceiling, Cowen’s […]
The real story behind America’s new $20 trillion debt
The real story behind America’s new $20 trillion debt Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark. This was a long time coming. It should have happened back in March, except that a new debt ceiling was put in place, […]
The real story behind America’s new $20 trillion debt
The real story behind America’s new $20 trillion debt Late yesterday afternoon the federal government of the United States announced that the national debt had finally breached the inevitable $20 trillion mark. This was a long time coming. It should have happened back in March, except that a new debt ceiling was put in place, […]
In the Dark
In the Dark The stock market is zooming this morning on the news that only 5.7 million people in Florida will have to do without air conditioning, hot showers, and Keurig mochachinos at dawn’s early light Monday, Sept 11, 2017. I’m mindful that the news cycle right after a hurricane goes kind of blank for […]
When the Butterfly Flaps Its Wings
When the Butterfly Flaps Its Wings It remains to be seen what the impact will be from Mother Nature putting the nation’s fourth largest city out-of-business. And for how long? It’s possible that Houston will never entirely recover from Hurricane Harvey. The event may exceed the physical damage that Hurricane Katrina did to New Orleans. […]
“The US Is Staring Down A Technical Default” – Here Are The Five Debt Ceiling Scenarios
“The US Is Staring Down A Technical Default” – Here Are The Five Debt Ceiling Scenarios In a note released on Monday commenting on the looming US debt ceiling showdown and the growing threat of a government shutdown and technical default by the US, Compass Point analyst Isaac Boltansky said he is becoming increasingly concerned […]
Brodsky: This Is A Red Flag Warning
Brodsky: This Is A Red Flag Warning Authored by Paul Brodsky via Macro-Allocation.com, Red Flag Warning Two identifiable dynamics may signal significant market shifts imminently: 1. The US debt ceiling will be debated soon and signs point towards a messy outcome. 2. Recent economic data have been weak, confirming our thesis that US economic growth […]
Beware the Debt Ceiling
Beware the Debt Ceiling Euphoria has been pervasive in the stock market since the election. But investors seem to be overlooking the risk of a U.S. government default resulting from a failure by Congress to raise the debt ceiling. The possibility is greater than anyone seems to realize, even with a supposedly unified government. In particular, […]
Great Expectations (Not)
Great Expectations (Not) Halloween’s coming super-early this year and it will be a shocking surprise to those currently busy looking for Russians behind every potted plant in Washington DC. First, accept the premise that your country has lost its mind. This is what happens when societies (and individuals) can’t face the true quandaries of a […]
Citi: “We Have A Problem”
Citi: “We Have A Problem” In his latest must read presentation, Citigroup’s Matt King continues to expose and mock the increasing helplessness and cluelessness of central bankers, something this website has done since 2009 knowing full well how it all ends (incidentally not in a deflationary whimper, quite the opposite). Take Matt King’s September 2015 piece in which he […]
Congress Declares Martial Law as Dollar Rapidly Collapsing: “Living in Last Days of This Republic.”
Congress Declares Martial Law as Dollar Rapidly Collapsing: “Living in Last Days of This Republic.” The debt ceiling issue is returning to the forefront in American politics, again threatening a government shutdown. Last time, the shutdown resulting in sequester for many agencies that suspended work for many government employees; a great deal of political theater […]
