Race Over: Why Venezuela Should Default

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Supposedly paying Lotus $40m/year for a non-competitive drive is only the start of Venezuela's folly. Amidst the wider economic turbulen... Continue reading →

Tens of Trillions of Yen Later, Abenomics is a Dud

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The plight of the developed world is of massive interest to developing countries such as ours for the simple reason that, since we aspire to... Continue reading →

Is US Suing S&P Payback for Ratings Downgrade?

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In run-of-the-mill stories, there are heroes and villains : I've been in this town so long that back in the city I've been taken for... Continue reading →

So, Why are China, Japan, ROW Dumping Treasuries?

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There is a debate going on here in the rest of the world concerning the United States. It isn't really whether American officials are tr... Continue reading →

In Detroit We Glimpse America's Future

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Just a city boy, born and raised in south Detroit He took the midnight train goin' anywhere... I have been to Detroit and it is not an e... Continue reading →

IMF Agrees w/Cheney: Deficits Don't Matter for US

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Here we go again: for everyone else--especially the likes of Egypt, Pakistan and so forth, deficits do matter. But for the United States wh... Continue reading →