Europe

In early 2015, after seeing a staggering $1.4 trillion in Euro area government debt trade at negative interest rates (the number has since grown to $6 trillion) we wondered when the bailout of insolvent governments was going to make its way to other debtors. Our question was quickly answered when we found that a negative rate mortgage had been issued by Nordea Credit, a bank in Denmark. Recently, even the WSJ finally stumbled on this bizarre inversion of traditional borrower obligations.

Authored by Shepard Ambellas via Intellihub.com,

Although it’s now public knowledge that former Florida Sen. Bob Graham told the Tampa Bay Times that the secret 28 pages of the 9/11 Commission report are poised to be released within the next few months, one can only question what the White House’s new and urgent motive for their release is.

This column by the NYT’s Timothy Egan is exactly why so many conservative Catholics cringed at Pope Francis’s recent apostolic exhortation. Excerpts:

If I were you, I would strongly consider going to this event:

The American Conservative presents “What Impact Will the 2016 Campaign Have on U.S. Foreign Policy?” — a discussion with some of the magazine’s most prominent contributors.

You won’t want to miss this opportunity to hear from:

Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),

Positivist Delusions

[ed. note: this article was originally published on March 5 2013 – Bill Bonner was on his way to his ranch in Argentina, so here is a classic from the archives]

We’re still thinking about how so many smart people came to believe things that aren’t true. Krugman, Stiglitz, Friedman, Summers, Bernanke, Yellen – all seem to have a simpleton’s view of how the world works.