Debt in the Windy City – The City of Chicago has had its debt downgraded to Junk Bond Status. That simply means either more tax increases of cuts in benefits. Trouble is, the problem is coming to a City near you….

Government Bonds are a Sad Joke – Save a million and get only $16,500 interest/year in a 10 Year Gov’t Bond!!!! A great deal for borrowers, horrendous deal for savers. 

Another Major Wake-Up Call – That’s what the Bank of Canada’s lowering of interest rates yesterday was. Along with the confirmation that growth in Canada contracted so far this year. We’d better begin to get clear…..

People ducking everywhere – acountability is just no fun for leaders used to the “no questions asked” approach to spending other peoples money. That seems to be about…….

“In light of the complete capitulation of Greece to their creditors in the European Union, the International Monetary Fund”  Mike points out some remarkable examples of assets that Greece has agreed to surrender