Monthly Archives: November 2012

Let the fiscal cliff happen in 2013 to reduce the present 1 trillion of deficit spending by approximately 670 billion.  Continue working on reforming the tax code in 2013 in order to remove other deductions and loop holes which the … Continue reading →

This headline perfectly encapsulates the dominant strategy being pursued by governments and financial firms today. See: Greece agrees to borrow to buy back debt “With Greece’s coffers nearly empty, the government said Wednesday that it would have to borrow 10 … Continue reading →

James Grant, publisher of Grant’s Interest Rate Observer, talks about Federal Reserve monetary policy and Bank of Canada Governor Mark Carney’s appointment as the next head of the Bank of England.Here is a direct link.