Planes, Trains, and Matches — Or the Iran War, 5% Treasuries, and Political Fireworks

I’ve been watching a developing situation in America that reminds me of a classic Calvin and Hobbes comic strip installment where Calvin plays a game and weaves together the story of a passenger jet’s engine randomly exploding at 35,000 feet in the air and a 50-car freight train loaded with 500,000 tons of metal jumping […]

BIG WAVE OF BOND DEFAULTS COMING

I’ll get around to posting more detailed thoughts about the economy by next week at latest, but those of you who’ve read my posts like this or this already know that I think the global economic recovery of 2009 is a joke. Yes, “global” includes the United States. In “The Coming Default Wave Is […]