Our Financial Blog
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What Do Turkey, South Africa, and Illinois Have In Common?
Their credit rating could soon be considered "JUNK" status by the S&P rating agency. The "Land of Lincoln" is so deep in debt it barely could pass a budget. It had been three years since they had one! Now they are working on a 33% income tax increase, and, drum...
The “Record” Dow Industrial Index Measured in a Real Currency
The Dow Industrial Index, main stream media's favorite gauge to trumpet the heraldic news of economic recovery that they keep insisting is upon us, has hit 22,000, a very lofty level. But that is 22,000 in US federal reserve notes, a form of debt. What if we were to...
The Biggest Bubble In History
POP! That's the sound of the bond market bubble popping! Everyone who thinks their bond investments are safe hedges against the stocks in the other half of their portfolio might be in for a huge and very depressing surprise. The above chart, courtesy of igold,...
“All the News that’s Fit to Fake!”
I have felt for a long time that I have been reading "fake news." I trust the mainstream media for traffic reports, baseball box scores and obituaries. But if it is a story that might be something important, can they really be believed? I mean, look at the system we...