Jesse's Café Américain

"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11

Showing posts with label domino of defaults. Show all posts
Showing posts with label domino of defaults. Show all posts
03 December 2011

Gold, Eurodollars, and the Black Swan That Will Devour the US Futures and Derivatives Markets

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The Eurodollars estimate in the chart below is based on the BIS Banking Statistics from Commercial Banks and may not include official rese...
01 December 2009

Going the Way of AIG with Dollar Holders as Patsies

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The Guidotti-Greenspan rule states that a nation's reserves should equal short-term (one-year or less maturity) external (foreign) debt,...
02 November 2009

Ladies and Gentlemen, the United States of America Is Insolvent

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"In case you failed to catch it in our previous articles this year, we thought we’d state it outright for our readers this month: the U...
07 October 2009

Latvia Goes "No Bid"

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This bears watching. It may be nothing on the grander stage, but then again, there is a precedent for small events to trigger larger actions...
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