Don’t Try This At Home

November 21st, 2015

Feeding a Monstrous Pile of Debt The latest government to enjoy the perks of negative-interest-rate living is Portugal. That’s right, Portugal, a country that four years ago was selling 12-month notes with an average yield of 6% amidst fears about the government’s ability to service its monstrous debt pile, is now able to sell €1.1b […]

Wolf Street

November 19th, 2015

“Visions of doom and gloom are used to beat the rebellious islanders into voting the right way and submitting without further demur to the yoke of Brussels.” Wolf Street Nothing wrong with putting fear in the minds of sheep. It’s how we Americans have scaled Mount Everest. Fear, indifferent, and poverty are handed down from […]

Those good years won’t come back.

November 18th, 2015

Caterpillar, one of the icons of American industrial might and a “bellwether” for the global economy, has been having a hard time. It forecast that sales would drop 5% in 2016, an IBM-like fourth year in a row of declining sales, the worst such spell in its history. Now Caterpillar threw in the towel on […]