Get ready for a sharp curve steepening – The US Treasury has been issuing enormous amounts of bills to finance the administration’s efforts, keeping the average maturity of debt low. But it’s all about to change … more – Sober Look Blog ———— $80 Oil… [...]

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  Great pay!- Work for the government! – Rethinking Salary Constructs, Federal Pay Continues To Skyrocket – The Daily Bail ———— the real bailout – How to manage the gigantic financial cuckoo in our nest – By Martin Wolf – … This recovery has been no [...]

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The United States is a great country, but… Over the weekend I was talking to my two kids about not spending more money than you have. “Neither one of you makes much money, so you shouldn’t go out and buy stuff that you can’t afford – talk to your grandparents who lived through the Depression.” [...]

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  Consumer credit and deleveraging: who is wagging the dog? – It seems the consumer behavior with respect to credit is driven more by what banks have been doing. That is the US consumers have deleveraged only to the extent that banks wanted them to. Banks in [...]

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