Economic and financial commentary by Truman Factor’s staff and contributing analysts.
Announcing a default on the PSI bonds on February 24th could shake up the players…
Will future American historians talk of who lost Europe rather than who lost Russia?…
The Swiss banks and many others have just taken dreadful losses. Perhaps the damage can be concealed for a while longer. Expect more defaults.…
With the endless rumors of deals that explain the move, we thought we would look at the spreads.…
A currency collapse is the total wipeout of debt denominated in that currency. …
There will be no recovery while our monetary cancer rages, unchecked. We must rediscover the gold standard, which is the only cure.…
Argentina's central planners have pursued a slew of defunct monetary policies of the Keynesian, Monetarist and Mercantilist variety. Repeated default is the fruit of that labor.…
Instead of zeroing in on prices, we should be looking at the enormous distortions of our centrally banked irredeemable currency.…
Karl Fitzgerald of Renegade Economists and Michael Hudson review Thomas Piketty's new book…