Michael J. Panzner's insights on debt, derivatives, government guarantees, the retirement system, and the coming economic unraveling.
In "Economists: Wrong Again," I highlighted a major flaw in the logic of those Keynesian Kool-Aid drinkers who believe current low yields and stable markets can be seen as validation of Washington's aggressive policy of spending and borrowing to "rescue"...
Posted on 17:43, November 25, 2009
Behind The Spread, a relatively new website featuring interviews with traders, investors, and others in the financial world, has just published a Q&A with yours truly, conducted by publisher Hiro Takei. Here is a brief excerpt [HT's words are in...
Posted on 14:57, November 24, 2009
If the following round-up of holiday spending surveys and news reports (with salient quotes) is anything to go by, those who have been counting on a V-shaped recovery in the (consumer-dependent) U.S. economy might want to reconsider: "Consumers in a...
Posted on 08:46, November 24, 2009
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