Business

Authored by Jim Quinn via The Burning Platform blog,

Do you ever hear something so startlingly mind numbingly ridiculous you realize it must be a sign things have gotten so fucked up something has got to give?

Via Global Macro Monitor,

“Blessed are the young, for they shall inherit the national debt.” – President Herbert Hoover

The Hoover administration thought there was no room and was ideologically opposed to fiscal expansion to stimulate aggregate demand.  Furthermore, Keynesian theory was not even developed at the time.  The General Theory of Employment, Interest and Money  was not published until February 1936.

By Victor Shvets of Macquarie Capital

Japan Debt Mountain: does it matter?

It appears credit ratings agencies simply get no respect...

Authored by Doug Kass via RealInvestmentAdvice.com,

* In a paperless and cloudy world, are investors and citizens as safe as the markets assume we are? –Kass Diary

Another provocative missile launched by North Korea and another apparent terrorist attack in London, England, are, once again, overnight and early-morning features of our reality as investors and as citizens.