At 67,024 pages long our tax code is a joke. Listen, the one thing I want from the current impasse on the debt ceiling is a simpler tax code…
Why buy low-return government bonds? One not-so-surprising answer: Government manipulation. Government rules are so pervasive you could say that government manipulation is everwhere, so why should the financial sector be any different? And you’d be right. For example, just by requiring banks to retain a bigger and safer capital reserves buffer helps
When the interest a country pays on its debt exceeds 18% of its revenues, it becomes too late to catch up on your payments. The debt hole just gets deeper and deeper. The US ratio stands exactly at 18%…
I like high-speed rail. I think the country needs it. I think people will use it. So why does the government have to get involved?
Once more our colossal debt is being called into question…this time from the government’s own inhouse think tank, the Congressional Budget Office (CBO)…
The Fed reported today. It went as expected. Despite the IMF’s warning that the US is getting into a deep debt that will prove very difficult to get out of, Mr. Bernanke and company will continue to buy US Treasures…
This one takes the cake. Greece is thinking about buying its own debt to reduce its debt load. Unbelievable! What more proof do you need that governments live in a world of make-believe…
Here’s a week-end thing to ponder: 15 signs that you’re in financial purgatory without knowing it…
