US Economic Outlook: Default, Hyperinflation or Both

Bill Bonner at The Daily Reckoning reports that “Even if America taxed 100% of all household wealth, it would not be enough to put its balance sheet in the black”, which I note seems exactly right to me, and I am able to corroborate Mr. Bonner’s analysis because it seems to me that I . . . → Read More: US Economic Outlook: Default, Hyperinflation or Both

Federal Spending vs. Candidate Spending

Seems like every handful of years, somebody starts yammering about how much money candidates spend to get elected. About how that spending is going up and up and up. And they claim that that’s a sure sign of corruption.

Not likely. Look instead at the ratio of federal spending versus spending by presidential candidates . . . → Read More: Federal Spending vs. Candidate Spending

Retirement Accounts Could Boost Treasuries

The Federal Government is running massive budget deficits which is creating a massive supply of Treasuries.  But there is no demand and so the Federal Reserve is monetizing the debt.  But these colored coupons merely amount to certificates of confiscation.  Where will Congress find the capital to buy Treasuries?  Most likely, your retirement account and . . . → Read More: Retirement Accounts Could Boost Treasuries