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Surely a few more wars will get us out of the debt crisis. We had a wide-ranging discussion last night, and with greatly enhanced audio as I hosted it via Skype rather than phone. Topics included: Assad is attempting to do to Hama precisely what his father did a few decades ago; demolish it [...] Google Finance It’s increasingly clear, isn’t it, that our supposed leaders in DC are incompetent, craven, and compromised. The debt deal, which they did with as much drama and little intelligence as possible, is just more evasion and kicking the can down the road. But no one is buying their pretend and extend game [...] Topics: Syria is near civil war. The Libya war drags on. IED attacks in Afghanistan are at an all-time high. Jobs and the little Debt Bill that couldn’t. With Steve Hynd of Newshoggers, Keith Boyea at keithboyea.wordpress.com, and myself. To listen to the show live, go to Polizeros Radio on BlogTalkRadio. You can also [...] PIMCO manages over a trillion in bonds. Emphasis in original. Their website is really sluggish this morning, perhaps because so many want to read this. Nothing in the Congressional compromise reached over the weekend makes a significant dent in our $1.5 trillion deficit. “Out year” fantasies, as opposed to “current year” realities, is an [...] The USPS, which is facing a 10% reduction in offices, is running ads saying they are entirely funded by stamps and postage. Bruce Krasting shows how this is nonsense, as USPS is borrowing billions at near zero interest rates from the Fed. This is an off balance sheet funding vehicle (“SPIV”). Take a look at [...] Inquiring minds will note that both parties share considerable blame. If this was a stock chart, savvy investors would already be shorting it. Nothing goes straight up for long. US cavalry heading off debt desperadoes at the pass As predicted here several weeks ago, there was a last minute debt ceiling deal. After much gnashing of teeth and pounding of gorilla chests, a plan which will cut up to $250 billion a year in spending was ok’ed by the two parties (after assuring [...] I completely agree with Kucinich on ending the wars, having public works projects, and green jobs incubators. But why the insistence that the debt ceiling should be increased with no strings attached? This akin to homeowners six years ago who thought prices would go up forever hence they could keep borrowing on their equity. [...] Will the evildoers trying to thwart a debt ceiling deal be stopped? And just who are the evildoers? Are heartless Tea Partiers tying our decades old support net to the railroad tracks? But what of Democrats who refuse to cut spending, want to raise taxes, and are generally oblivious to the US being seriously [...] We had a wide-ranging show last night, with Keith Boyea joining Steve Hynd and myself. Listen to the show on BlogTalkRadio or on iTunes. Topics: Both parties are quite willing to fund-raise off the debt ceiling kabuki, oblivious and uncaring of the consequences, which could include a government shutdown, mortgage rates spiking, and a [...] |  | ||||
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