Is Geithner really that dumb?

Timothy Geithner is either really stupid or he’s simply lying to buy time.  I left work early today and I heard this quote from Rush Limbaugh on the way home (I used to listen to him regularly, but his shtick is getting old – how long can he blame everything on the Democrats and Clinton?  […]

A dialogue with Geithner

Today’s Daily Reckoning had a good piece (as usual) from Bill Bonner.  He had an imaginary conversation with Tim Geithner about how to handle the debt bubble.  I wish I would have thought of that, but I’m not known for being original.  :-)  Here’s part of the conversation where Tim calls up Bill and asks […]

Who will give us money?

I was reading through The Daily Capitalist blog tonight, and I read a post entitled “The Chinese Aren’t As Dumb As the Fed Thought” that reminded me of a news blurb I saw today.  It seems that there was much less interest in today’s Treasury auction of 5 year notes than was expected. According to […]

The beginning of the end

Make note of this date – March 18th, 2009.   100 years from now, historians will point to it as the day the United States of America sealed its’ fate. Today the United States shifted from a long slow decline into high gear – and nailed the accelerator pedal to the floor.  There are several other […]

China disagrees with US stimulus

Here’s a bit of an update on the G20 meeting.  It appears that China is getting serious about the US economy, because they want to eventually get the money back that they’ve loaned us. According to a story on KnoxNews.com Chinese Premier Wen Jiabao called on the United States to remain “a credible nation” and […]

Obama to China – give us money!

I mentioned this a couple of times before, here, and here, but it’s escalated a bit this week.  Bloomberg (and a bunch of other places) has a story on it today.  According to Bloomberg, The US is pretty much reduced to pleading with China to keep us afloat. “There’s no safer investment in the world […]

Will China stop loaning us money?

I mentioned this just yesterday, and it looks like it’s quickly becoming a major issue.  According to a story from Reuters today, Chinese Premier Wen Jiabao said “Whether we will buy more U.S. Treasury bonds, and if so by how much — we should take that decision in accordance with China’s own need and also […]