Eric Cantor takes millions from hedge funds while defending their tax favored skimming. His wife is a former Goldman Sachs executive. He has a position in an ETF that is short Treasuries.
This man is the lowest kind of political scum.
http://www.w…
Only seven days stand between the U.S. and the effects of a credit default. But a downgrade of the nation’s stellar AAA credit rating seems a lot more likely, and a lot sooner.
The White House had been alerted repeatedly over the past month by …
Going broke fast is a very compelling problem. For ordinary people it tends to induce chicken-with-no-head syndrome – a mad burst of pointless locomotion ending in sudden collapse. If the US debt ceiling is raised – which I think is a 90 percent bet…
So I was at the health club tonight, running my few miles on the treadmill and watching the nightly news programs on closed caption. One particular piece on Bill O’Reilly’s (ironically named) “No Spin Zone” caught my attention.
The topic was a poll j…
http://quotes.ino.com/chart/?s=CME_SP.U11.E
Brinksmanship – the bets that time will run out and someone will screw up……..
No room for error on raising the debt ceiling. The Greek restructuring. Italy rates will rise. Etc.
Wouldn’t the founding fathers be proud?
EXCERPT:
Obscure clause may help US avert default
By Marc Jourdier | AFP – Sat, Jul 9, 2011
Committee Co-Chair Rosa DeLauro (L), Rep Barney Frank © and Rep. Mike Doyle listen …
US President Barack O…
Not one dime cut from SS or Medicare, until we chop the size of the federal workforce in (at least) half – particularly the defense budget.
I have zero problem with reforming entitlements; e.g., delaying the eligibility age for SS – makes sense as li…
Excerpt:
Paul’s plan starts with the Federal Reserve. In the last year or two the Fed has been buying up U.S. Treasury bonds in an effort to lower interest rates and boost the economy. The most recent round of that buying has been dubbed QE2, and has …
Terrorists stood on the periphery of the Treasury market this week, waiting to detonate the explosives strapped to their waists if US politicians don’t get…
he other night, I went to a drinks event for journalists at the British Embassy. Naturally, it was full of budget wonks who clustered around the bar, exuding pessimism the way gatherings of grandmothers exude hugs and Jean Nate. Everyone quizzed e…
