Another Signpost On The Road To Inflation
Europe’s leaders — that is to say German Chancellor Angela Merkel and the bureaucrats running the various eurozone agencies from…
Read ArticleKrugman Finally Wins the Argument
Today’s world can be summarized in two sentences: Unless continuously fed with new credit, the global financial system will implode.…
Read ArticleA Tale of Two Gold Miners
Gold has doubled since 2008, so you’d expect the gold mines that were green-lighted based on those old numbers to…
Read ArticleGetting Out, Part One: Americans Renouncing Citizenship
Capital, like information, wants to be free. The idea that it should be limited to one country has always struck…
Read ArticleHousing: New Bubble or More Trouble?
The in-laws own a gas station in Miami that they’ve wanted to sell for years. But they dithered when the…
Read ArticleTurnkey Totalitarian State
New tech is always a double-edged sword, with benefits balanced to an extent by the risk of misuse by idiots…
Read ArticleWe Owe How Much??
One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of…
Read ArticleThe Flaw In Europe’s Austerity Plan: Elections
Getting Europe’s mainstream politicians and appointed technocrats to agree to bailouts and austerity was actually the easy part. The real…
Read ArticleAre Treasuries FINALLY the Short of the Decade?
For years now, US government bonds have looked like terrible investments, what with those trillion-dollar deficits and multiple wars and…
Read ArticleDollar Going Out With A Whimper, Not A
Last year the US ran a $272 billion trade deficit with China, which means we sent the Chinese that many…
Read ArticleCreeping Fascism, Part One: Return of the Company
The US government’s obliteration of the Bill of Rights via the Patriot Act, the recent defense bill that allows the…
Read ArticleNext Up: Portugal
It looks like Greece will get its debt restructuring, which presumably delays its collapse by a few months. So now…
Read ArticleYet Another Make-Or-Break Week For Europe
Nobody really expects Greece to default on its debt and leave the eurozone. But Greek leaders do seem to be…
Read ArticleA Shrinking Trust Horizon — And Hard Times
Nicole Foss, who under the pen name Stoneleigh co-edits the Automatic Earth website, just did a long-form interview with an…
Read ArticleFed To Markets: Buy Gold And Silver
The Fed just spoke. Here’s a slightly edited transcript: Blah blah blah … the economy has been expanding moderately ……
Read ArticleWhy Isn’t Illinois A Bigger Story Than Greece?
As the Greek default (and it is a default no matter what they end up calling it) is finalized this…
Read ArticleAre We Really Going To Bomb Iran?
Just based on national balance sheets, 2012 will be somewhere between challenging and catastrophic. But debt and deficits might be…
Read ArticleFor Europe, Every Day Is A New Adventure
Europe’s parade of surreal financial news just keeps coming. This week, investors are paying Germany to take their money by…
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