Jesse's Café Américain

Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said

Showing posts with label bond crash. Show all posts
Showing posts with label bond crash. Show all posts
10 June 2015

Fragility: What Has the Watchers Worried In the US Debt Markets

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As you know I am on the lookout for a 'trigger event' that might spark another financial crisis, given the co...
24 January 2013

The Moral Hazard of the Fed's Current Policy: The Resurgence of Fraudulent Paper

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"As a dog returns to its vomit, so a fool returns to his folly." Proverbs 26:11 A reader who works in commercial real estate f...
12 August 2010

SP 500 and NDX September Futures Daily Charts; Gold Daily Chart; Corporate Bonds

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The stock market was hit by a double whammy with the miss in revenue by bellwether Cisco after the bell last night, and then the dreadful un...
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