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How scary are the sovereign debt levels of the United States, Japan, and European nations? David Galland explores in this guest piece. If you’re not completely frightened by the levels of government debt, and the fact that Greece is nothing extraordinary…you should be scared out of your mind by the end of David’s piece! An […]
Of course we’re talking about… …all at once now… Muni bonds! Yay! Of course, municipalities far and wide have no way to pay back their increasing deficits amidst falling tax revenues. Of course you knew this already, being an astute reader and no doubt a contrarian thinker. But the mainstream press is even starting to […]
It’s ironic that folks who identify themselves as free market proponents lament Obama’s plans for socialized healthcare in America. We already have socialized healthcare in the US. There is very little that’s laissez faire about the American healthcare system. The entire market is strangled by red tape, bureaucracy, and stupid rules. Result: the least efficient […]
US Treasury Secretary Tim Geithner visited Beijing on Monday…with a straight face, he reassured the Chinese government that its large holding of dollar assets are safe. Then, still deadpanning, Geithner reaffirmed his faith in a strong US currency. That broke the ice, as his student audience burst our into large laughter. See if you can […]
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they […]
This video’s a doozy – Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Further reading: Demand for US Treasuries Poor in Latest Auction How Bad Will the Financial Crisis Get? […]
Yesterday, yields on 30-year US Treasuries skyrocketed on poor demand in the latest bond auction. Yields jumped from 4.1% to 4.3%. Tough to imagine why demand would have been so lackluster – maybe it’s the fact that the US government will never be able to pay any of this debt back? That is, without printing […]
How bad can the current financial crisis get, and how long will it last? Casey Research’s Chief Economist, Bud Conrad, tackles this question, crunching the numbers produced by two leading economists who took a broad sampling of banking crises. The information is presented in an insightful and informative way as only Bud can. I hope […]
Oh what a wonderful economic world it may be right now, had the government not felt the compelling need to “do something.” Casey Research’s Terry Coxon reviews the government’s “helpful” actions over the past couple of years, and asks the question – what would have happened if they had done nothing? NothingBy Terry Coxon, Editor, […]
It’s scary to think that the $1.8 trillion deficit estimate for 2009, issued by the Congressional Budget Office (CBO), could be wildly conservative. But if you pick apart each assumption made by the CBO – as Casey Research CEO Olivier Garret does in this guest article – you’ll see that this estimate is really a best […]
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