We saw this coming: Global Market Rout Spreads
Reader Denise in Florida spotted this: Ceiling suspended: US takes on $300 billion in new debt after hitting $16.7 trillion. The article begins: “America’s ticking debt bomb has been reset. Washington has suspended the debt ceiling, setting a date, and not a concrete dollar sum as a deadline, an unprecedented first in US history.”
Fed’s Dudley: Will Take 3 to 4 Months to Decide on Tapering. JWR’s Comment: In my estimation The Fed, Treasury, and their derivatives trading clients are now so addicted to QE that they will utterly destroy the Dollar before they quit.
File under Unintended Consequences: How The Obama Gun Boom Pushed the Fortune of Two Brothers to $1.2 Billion
Chris Martenson: Four Signs That We’re Back in Dangerous Bubble Territory
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