“…a debt default by the US would end the pretense of “too big to fail.” The US Congress needs to vote no on the debt ceiling increase as part of a larger shift in thinking on debt and spending in Congress. Americans need to take a page from the…
Eric Cantor: Stupid or evil? You decide.
2011 Financial Meltdown Fast Approaching
Submitted by James West on Mon, 17 Jan 2011
Despite the best efforts by the American mainstream financial media, the eager PR division …
Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase
Sovereign Debt … no grace period for 2011 … this is front-and-center, now.
Portugal’s 10-yr cracked 7+% … if no eurobond solution soon, this should blow wide open, panic selling, collateral mark-downs … contagion writ large.
This has the pote…
Austan Goolsbee: Hitting Debt Ceiling Would Be ‘First Default In History Caused Purely By Insanity’
EW HAVEN — There are, it seems, only two major issues that have a set time frame for political brinkmanship between th…