Denninger: The Real Problem With America: Morality
M.E.W. sent: How Fed's next trick will hurt bonds: Another bond-buying program seems likely as the Federal Reserve tries to boost the economy. But long term, it will lead to higher interest rates, inflation and bond market turmoil.
Baltic Dry Plunges By Over 8% Overnight, Most Since 2008. (Thanks to Stephen M. for the link.)
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