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For his Chart Of The Week, Nomura's George Goncalves looks at bond fund flows, and points out that muni fund outflows for the week ended January 19th, were the largest yet.
I am writing in response to your request for an estimate by the Treasury Department of when the Statutory debt limit will be reached, and for a description of the consequences of default by the United States. Never in our history has Congress fai
First question: When you "huddled" with union representatives did they offer you a bribe or threaten to break your kneecaps?
They expect total revenues to rise 43% in the next 2 years alone and 129.6% over the coming decade (from $2.162 trillion in 2010 to $4.963 trillion in 2021).
Please don't look behind the curtain. It wasn't excessive monetary stimulation that caused the financial crisis but Wall Street greed.
National security is worth every penny
According to a report by the AEI, public pensions are under funded by more than $3 trillion nationwide. Illinois pensions alone are $208 Billion underfunded using realistic measures. The overall level of funding is 29% --- the worst in the entire nat
Senate Republican leaders said on Tuesday they were considering introducing legislation to allow financially stressed U.S. states to declare bankruptcy...
The U.S. budget deficit this year will jump nearly 40 percent over prior forecasts, mostly due to the mammoth tax-cut package brokered by President Barack Obama and lawmakers last month, the Congressional Budget Office said on Wednesday.
We're not going to get away with spending another $450 billion in deficits on top of the $1.6 trillion we blew last year. $2 trillion in deficits? Not a prayer.
What comes after Denial? That’s right, Anger, and this country will rip itself apart with recriminations and blame.
Most dangerously, there is a risk of disruption to our bond and currency markets from the fear of much higher interest rates due to future imbalances or from fear of inflation because of efforts to monetise our debt.
A speech he gave at an event sponsored by the Young Americans for Liberty Purdue University Chapter. "The Income Tax and the Welfare-Warfare State"
It merely confirms just how totally screwed this country is, and that absent a hike in the ceiling to $15.5 trillion (which we believe is where the debt ceiling will be through March of 2012 when it will be raised to $17 trillion), the dollar will be
This, incidentally, is why median incomes haven’t moved upward at all in the last decade and why it seems to be harder and harder every year to maintain a middle-class lifestyle - and has been since the 1950s. The loss of purchasing power...
"Obviously what this means for equity investors in assorted muni investments is a complete wipe out is becoming a possibility, as Meredith Whitney's prediction, which everyone was quick to mock & ridicule, is about to come back with a vengeance
Attention Teachers, Police, and Firefighters: You are royally F@#$ked: Says Barry Ritholtz
When borrowing money it's always good to have a Plan B in case a big creditor pulls the plug. That should be true whether the sum is a few thousand dollars or about a trillion, the size of the United States government's debt to China.
Is Meridith Whitney the most hated person on Wall Street right now? It seems like it. Ever since her big star turn on 60 Minutes last December, one investors after an other has come out of the woodwork to slam her forecasts.
Unsecured creditors will receive 5 cents to 20 cents on the dollar for their claims under a reorganization plan Vallejo, Calif., filed Tuesday in federal court.
Host:
Ernest Hancock
Chris Hellman - budget analyst for the the National Priorities Project - Cost of War: Breaking It Down
These charts showed how governments around the globe have abandoned silver as money.
Host:
Ernest Hancock
Chris Hellman - budget analyst for the the National Priorities Project - Cost of War: Breaking It Down
The tools of internationalism are the necessary ones.
"Heads — you win; tails — I lose." Such is the message the Fed sends to bond speculators. But why would the Fed offer such a stupid wager?
The Muslims are coming and must be confronted. Never mind that we provide the funding.
One-year payroll tax holiday key to toppling seniors' safety net, Sanders warns
US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey’s pension fund.
It's no secret that our national monetary system -- and our normal way of life in America -- is on the brink of a major, catastrophic collapse.
Our nightmare scenario should be that something happens to us like happened to the Soviet Union... It suddenly just falls apart. And I think the trigger, the catalyst if you want to switch to chaos theory the butterfly in the tropical rainforest...
