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

The Iran war’s economic effects could pull oil, diesel, Treasury yields, and election politics out of their separate crisis lanes and into one grim American adventure. 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 […]

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 […]