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Olduvai III: Catacylsm
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Is the U.S. Banking System Safe?–15 Years Later

IS THE U.S. BANKING SYSTEM SAFE? – 15 YEARS LATER “We’ve got strong financial institutions…Our markets are the envy of the world. They’re resilient, they’re…innovative, they’re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.” – Henry Paulson – 3/16/08   “I have full confidence […]

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It’s Not a Lie If You Believe It

IT’S NOT A LIE IF YOU BELIEVE IT “The past was erased, the erasure was forgotten, the lie became the truth.” – George Orwell, 1984 “Great is truth, but still greater, from a practical point of view, is silence about truth.” ― Aldous Huxley, Brave New World I wish I could go through a day without having to […]

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See You on the Dark Side of the Moon

SEE YOU ON THE DARK SIDE OF THE MOON And if the cloud bursts thunder in your earYou shout and no one seems to hearAnd if the band you’re in starts playing different tunesI’ll see you on the dark side of the moon Brain Damage, Pink Floyd And if the dam breaks open many years […]

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Doug Duncan: Even US Government Economists Predict Trouble Ahead

Doug Duncan: Even US Government Economists Predict Trouble Ahead Fannie Mae forecasts an economic slowdown by 2019 Doug Duncan is not your average beltway economist. The chief economist for Fannie Mae is surprisingly outspoken about the troublesome outlook for the US economy. He’s worried about the rising cost of debt service as outstanding credit continues […]

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US Fiscal Policy Will Lead To A Debt Catastrophe: Goldman

US Fiscal Policy Will Lead To A Debt Catastrophe: Goldman Judging by how urgently Goldman’s research department is trying to get the bank’s clients to sell treasuries, Goldman’s prop traders must have a desperate bid for duration in anticipation of what probably will be a historic deflationary shock. It started a month ago when Goldman […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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