Bill;   What you say makes complete sense. The Fed continues to monetize debt and nobody seems to notice or care. Debasing currency continues unabated. Just a thought, maybe the Fed and the G7 countries feel if they ALL debase their currency there won't be a problem. This of course is  flawed logic, once people lose ...more

The key to the stock market will be the bond market, once rates begin to rise the bond market will collapse taking everything and everyone with it. This could happen as soon as April of this year. I sure hope I am wrong because what will be left will be default and  ultra austerity measures.

I used to think that the deficit mattered, however, after further review it seems like it doesn't. First we must ask, who holds the debt? China, Europe, Japan? What can any of them do if we default or monetize the debt? China needs us more than we need them, Europe is imploding before our eyes, and Japan is a mess as w...more

QE is a disaster in the making. The whole idea behind it is to support the stock market and finance the deficit. When the Fed is buying 80-100% of the U.S. Treasuries that should tell you nobody else is buying, and the end game of this Ponzi scheme will be an unmitigated disaster. Savers are being punished and will be ...more

Anthony, The bond market is also in an epic bubble. Bond prices are at 200 year highs, any bump up in interest rates will implode bonds taking everything and everybody with it. 2013 could be the worse than the darkest days of the Great Depression.

No older people are hired now.

John Williams Shadow Stats plugged today's "official" unemployment numbers into the governments 1992 model, the results, 23% unemployment. Clinton changed the formula back in 1992, doesn't include discouraged workers, part timers looking for full time, ect. They did the same thing with inflation numbers, actual inflati...more

Anthony, Trickle down economics (pissed on) and supply side economics have been tried for the past 30 years, a total failure. We need to return to the policy's that worked (see eisenhower tax rates). The debt that has been foisted on the American people can simply not be paid off. Anthony, you may be on to something s...more

VL,   You forgot that throughout history the way out of these problems has always been WAR, sorry to say