america

The Roof Has Been Raised: $16.4 Trillion Debt Ceiling

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Well, it’s looking like  the Senate was unable to muster enough votes to reject the newest debt ceiling hike in a 52 to 44 vote.  Due to take effect this Friday, we will be looking at a new ceiling of $16.4 trillion with our current levels reaching the $15.4 trillion mark. From Zerohedge: “Since roughly $100 billion was plundered from Pension Funds in the past month, The US will have about $15.4 trillion in debt with the Monday DTS. The question then is how long will the $1 trillion in debt capacity last: at $125 billion/month it won’t be enough … Read more

A Crisis of Faith in America

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While the media has focused on the short term debt issue matters and to a lesser extent the long term implications what they have not addressed is the way this Circus has impacted the credibility of the USA Capital Markets. The political rhetoric and the refusal to deal with the issue at hand will have a lasting impact on the way the world looks at investing in America. Since 2008 the Government and those elected to represent the American people have made reactionary, over bearing legislation based on there popularity on the given day. Dodd-Frank, Capping Financial Institutions Wages, Over … Read more