Fear & Loathing in the Sovereign Debt Markets

Hunter S Thompson would love the scene, macabre and getting worse…   When big banks were caught with loads of toxic debt on their balance sheets in 2008, political leaders on both sides of the Atlantic took the easy way out, transferring those debts to government balance sheets, not unlike when a little kid cleans […]

Bernanke Chat

So he talks to congress today (3/1) and has the nerve to say that if inflation gets to over 2% in the U.S., he’ll be concerned, but it isn’t there now so he’s fine leaving policy/rates where they’re at. Really, Ben? Inflation is under 2%? Oh yeah, in the make-believe, no-food, no-fuel world that he […]