Great news: Downgrade could come as soon as Friday

Ed Morrissey HotAir.com 7/26/2011

Barack Obama has spent the last several weeks warning that a failure to raise the debt ceiling by the “drop-dead date” of August 2nd would cause a ruinous downgrade of Treasury bonds and an economic disaster for the US. However, the downgrade may come sooner than that, because the debt ceiling […]

Fidel Obama and the ‘Banana Republic’ of America

BigFurHat iOwnTheWorld 7/23/2011

Also:

GOP readies new debt ceiling plan; bill set for Sunday

House Republicans are finishing work on a new proposal to resolve the standoff over the debt ceiling. The proposal, set to be finished and crafted into the form of a bill by Sunday, will be in two parts. The first […]

S & P: We Must Reduce Deficit — or Face ‘Death Spiral’

Jim Meyers Newsmax.com 22 Jul 2011

Officials from Standard & Poor’s and other credit rating agencies told a gathering of Republicans this week that a default on the nation’s debt by the federal government could lead to a “death spiral” in the bond market.

The meeting of more than 40 House Republicans on Thursday was […]

China Has Divested 97% of Its Holdings in U.S. Treasury Bills

Terence P. Jeffrey CNSNews.com 6/3/2011

(CNSNews.com) – China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

Treasury bills are […]

A Great Article on Asset Allocation

Carl from Chicago Chicago Boyz 5/29/2011

In today’s Barron’s magazine there is an interview with Dennis Stattman of BlackRock Global Allocation called “Mixing It Up in an Uncertain World”. In this article he discusses his world view and his views on asset allocation. It is a great article and highly recommended.

Dennis starts by explaining […]

Say goodbye to the dollar

Trevor Loudon New Zeal 4/17/2011

Commentator J.R. Nyquist on the recent BRIC Summit and a probable Russian/Chinese attack on the US dollar.

The BRIC Summit, held on 14 April in Sanya (People’s Republic of China), brought together the leaders of Brazil, Russia, India, China and South Africa. The key to understanding the summit may be […]

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