A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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CNBC.comEuro Zone Crisis Will Endanger Even Good Companies: S&PCNBC.comThe euro zone debt crisis will continue to dominate European stocks in 2012, with even well-run companies in danger of being sucked into the morass, according to S&P Capital...
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Actual, not seasonally adjusted, initial unemployment claims totaled 319,349 last week, according to the Department of Labor tabulation of weekly data submitted to it by the 50 state employment departments. This number was virtually unchanged from the prior week total of 319,382. As always, the media reported only the seasonally manipulated numbers showing a...
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The supposed “de-leveraging” which the mainstream media boasted of was nothing but propaganda mythology. However, the new consumer debt which Americans have piled on since the beginning of 2010 is very, very real. And all the resulting U.S. auto-loan defaults, credit-card defaults, student-loan defaults, personal bankruptcies, and foreclosures in the months ahead will be...
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The TBAC estimate of borrowing for this week missed by $33 billion, a sign that once again, the experts have no clue how badly things are spiraling out of control. For the week, the Treasury dumped $51 billion in new supply on the market, $28 billion of which settled today. As a result, the...
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I like Obie, but he has drunk the Kool Aid. We are doomed. He’s listening to the advice of those very same world renowned egonomists who never saw the current mess coming. How could those who never saw it coming in the first place, and didn’t recognize it after it had already begun have...
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