Daily Archives: June 11, 2009

Obama’s Plan For A Debt-Ridden Future

Posted on June 11, 2009 by Brian Schuettler

President Obama has officially begun the era of bigger big government by proposing to go on a multitrillion dollar borrowing spree that risks doing to the “full faith and credit of the United States” what excessive borrowing during the housing … Continue reading →

Posted in A State of Distress, Coup d'etat in America, History of Finance, Important Skills - No Apprentice Programs, Jacksonian Democracy, Our phony middle class, Political Chaos, The Economics of Schumpeter | Leave a comment

Brown’s fall will mark the end of British radicalism

Posted on June 11, 2009 by Brian Schuettler

function floatContent(){var paraNum = “3″ paraNum = paraNum – 1;var tb = document.getElementById(‘floating-con’);var nl = document.getElementById(‘floating-target’);if(tb.getElementsByTagName(“div”).length> 0){if (nl.getElementsByTagName(“p”).length>= paraNum){nl.insertBefore(tb,nl.getElementsByTagName(“p”)[paraNum]);}else {if (nl.getElementsByTagName(“p”).length == 3){nl.insertBefore(tb,nl.getElementsByTagName(“p”)[2]);}else {nl.insertBefore(tb,nl.getElementsByTagName(“p”)[0]);}}}} Gordon Brown may be days from departure. Or – like the twitching body at the end … Continue reading →

Posted in A State of Distress, Analysis & Commentary, Merry Olde England, Political Chaos | Leave a comment

Chrysler Mows Down Debtholders’ Claims in Court

Posted on June 11, 2009 by Brian Schuettler

June 5 (Bloomberg) — Today was supposed to be the day that Chrysler LLC sold itself to Fiat and embarked on a new, government-designed chance at survival. Instead, its lawyers are arguing in a federal appeals court this afternoon to … Continue reading →

Posted in Bond Market, Collateral Damage, Creditors Caveat | Leave a comment