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Today, Bloomberg was quick to post a headline trumpeting the end of deflation: Deflation Disappears With Bond Market Showing Growth Oct. 25 (Bloomberg) — The bond market is showing Federal Reserve Chairman Ben S. Bernanke will succeed in sparking inflation after the smallest gain in core consumer prices in half a century increased concerns that the […]
Boston University economics professor Laurence Kotlikoff penned a great guest article for Bloomberg, where he takes a hard look at the fiscal gap in the US, concluding that our country is basically bankrupt. Based on the CBO’s data, I calculate a fiscal gap of $202 trillion, which is more than 15 times the official debt. This […]
I put debate in quotes because I think Krugman is a joke, and I can’t believe anyone actually reads his stuff for anything other than pure entertainment. On Yahoo’s Tech Ticker, Niall Ferguson fires back with his side of the story – which is based on actual economic history, rather than Keynsian “pie in the […]
The bond vigilantes are circling the wagons in Greece, as investors are coming to grips with the obvious fact that Greece is not going to be able to honor its debt obligations. Yields on Greece’s 10-year bonds soared above 7 percent today. Reuters reports: Jitters about Greece resurfaced following reports that Athens wants to amend […]
“I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.“ – James Carville That’s one of my favorite financial quotes of all-time, courtesy of James Carville, […]
Government prints cash Gold zooms, along with script. But – Why are rates still low? (Source: St Louis Federal Reserve)
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