dr.doolittle

The Right Kind of Bailout

the money on AIG has already been spent. Bye-Bye! If the Democrats have half a brain they will actually stop talking transparency and start talking ACCOUNTABILITY! WHERE DID THE MONEY GO? THEY JUST BLEW OVER A TRILLION DOLLARS IN A MATTER OF WEEKS.

Why AIG Was in the CDS Business

so who get's the bailout money then? In other words, who was responsible for getting paid once the "unthinkable" happened? Obviously Goldman Sachs. Who else, though? Senators? Congressman? State and local govnerments?

Bond Expert: Monday Outlook

The story is that the Russians are going to devalue the ruble. If I were a European wouldn't I find that scary and want to by US Treasuries? And if I were China and Japan isn't the most terrifying prospect that Americans not only can no longer spend but actually start saving? It's not like the government is doing anything to promote savings among the people to date--bailouts of deadbeat corporations is obviously money down a rat hole which will lead to higher taxes and, of course less savings. Once Goldman Sachs is booted out of the White House that could improve. Could that provide support for bonds as well? And of course the baby boomers are retiring... that should be very supportive of bonds, provided they have any money left. And banks...well, they appear on the verge of a massive failure--if they wish to preserve capital only Government Treasuries seems to provide any security there. And there's a war going on which means continued supply for the forseeable future while at the same time providing some economic activity...Hmmm, now I know why I'm listening to "the bond guy."