Monthly Archive: December 2010
Who says the Fed has not, or is not about to, Bailout any Blue Cities or States?
The following prediction analysis of possible future events was made in the Boston Phoenix by Steven Stark. Here is number one, on his five item list: 1. HOW DO OBAMA AND CONGRESS DEAL WITH...
Fed’s Money Printing Brings Higher Oil, Food and Copper Prices
Since rising commodity prices generally do not occur in an economic downturn, when demand is low, it is logical to look to the Fed money printing as the reason for the two-year record high...
Another Failed City Hunts for a Bailout
This city’s money printing machinery, in the form of bonds, seems to have seized up, and at least even the state paper is reporting the real reason for the insolvency: “The underlying, built-in problems...
The Tip of a Very Big Iceberg
Congress must ban a Fed bailout of this and other cities like it: The major problem is the city, with an annual operating budget of about $16 million, is facing about $32 million in...
Betting on Muni Failures and why Congress should ban a Fed Bailout
This is the story of another government guaranteed, debt-bomb waiting to explode with investor buying bonds from cities teetering on bankruptcy, because they believe the Fed will bail them out. Another Fed bailout —...