Broad Oak Magazine

Denninger points out that if interest rates return to normal, two-thirds of taxes will go out to pay the rent on the debt. He urges default ...

Look at this fascinating interactive graphic from the New York Times, about the shrinking and swelling of the major US financial firms. They...

A couple of days ago I said that US debt default would splat the US far worse than its trading partners; of course, I missed the point. The ...

Reading Jim from San Marcos' latest , it occurs to me that debt default looks like a seriously bad idea - cutting off your nose to spite...

Interesting observation by Steve Keen : unemployment correlates closely with the amount that debt contributes to demand in the economy. Let ...

Brad Setser notes that far from declining in this recession, China's trade surplus is increasing, because although exporting less, it is...

People are starting to run around looking for a haven for wealth. German bond issues partially unsold; US bonds yielding virtually nothing y...

Thus Jesse , discussing Michael Hodges' visionary " Grandfather Economic Report " and US indebtedness: In a simple handwave es...

I've relayed rumours of these things here earlier: a dollar crash and US bond default. Now a respected Japanese ratings agency is prepa...

In an apocalyptic - but carefully-reasoned - post, Karl Denninger says that when the deficit expansion stops, US government spending will ha...

I relayed Jesse's comments on Ecuador's moves to default here on November 28th, and now it's happened . Any big ones coming, do...

Jesse interprets the Federal Reserve's request to issue its own debt, as a preparation for selective default on public debt issued by th...

"Jesse " comments on Ecuador's attempt to repudiate "illegal" foreign debt. But perhaps larger countries may soon sa...

US GDP is estimated at $14.3 trillon, and the Chinese article referenced in my post yesterday calculated total debts to be $68.5 trillion. T...

The Mogambo Guru does a (tragi-) comedy riff on a Chinese piece he's read. Here's a list of tunes that the Chinese author is calling...

Michael Panzner introduces the topic with an entry from the Economist blog - and look at the comments.