Jesse's Café Américain: debt default

“I know there is a God — I see the storm coming and I see His hand in it — If He has a place for me then I am ready.”

John F. Kennedy, scrawled on a prayer breakfast program, NYT, May 15, 1964

Showing posts with label debt default. Show all posts

02 November 2011

FOMC November Statement - G20 and Greek Debt - Bernanke at 2:15 - NFP Friday

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"Everybody was expecting Tim Geithner and Bob Rubin, who's pulling the strings behind the scenes in the Obama Administration, to ...

08 June 2011

European Credit Agency Downgrades US Credit Rating from AAA to AA

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Here is my rough translation of the original Feri stuft die Bonität der USA herab . "Man muss manchmal in den sauren Apfel beißen....

15 July 2010

The Problem of Unresolved Debt in the US Financial System

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Michael David White has painted some dire pictures of the US housing market, but this one is shocking in its implications. Chart from A Blis...

30 March 2010

Fitch Downgrades Illinois and Warns of Further Actions as Budget Gap Widens

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Illinois is financially the fifth largest US state with a 2008 GDP of approximately $633 Billion. To put this in perspective, the 2008 GDP f...

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