K T Cat

National Bankruptcy? Not Quite Yet

A quick synopsis of the no-worry crowd's argument suggesting that the Dollar is just fine: "Hey, we're not bankrupt yet!"

Why High Inflation Will Not Take Hold

You're missing a crucial point - the need to print goes off into the future as far as the eye can see. The current administration will be running trillion dollar deficits for a decade with no one out there to buy the debt save China and China doesn't want to do it any more. I did some back of the envelope calculations here

ktcatspost.blogspot.co...

and discovered that there isn't enough money in the world to fund our deficits. While you're right in the short run, you're wrong in the long run. In the end, a country that endlessly prints money to cover its debts is going to kill its currency.

Don't Short the Fed Yet

You miss one major possibility. No matter how attractive they are, if there's no one with money to buy them, their price will have to go down. The list of buyers with enough cash remaining to buy a significant portion of what will be auctioned is shrinking daily.

Even the best investment in the world can go unclaimed if there isn't anyone to buy it.

Why Deflation Will Persist for Longer Than You Think

"Skyrocketing" is one word, not two.

A Sloppy 60 Minutes Segment on Oil Prices

60 Minutes is intellectual cotton candy. You think you're eating something and it tastes good, but it is completely insubstantial and bad for your intellectual health.