... is a good read. It acknowledges the great credit Ponzi, that our economy is entirely dependent on issuing new debt to pay interest on old debt. It's something that everyone who understands macroeconomics knows, but it's rarely spoken in polite company.
Read it here. And in case PIMCO takes it down after Gross's jumping ship just before being made to walk the plank, here's the Google cache.
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
Inauguration Day
Joe Biden right now listening to Trump talk about ending government censorship and the weaponization of justice:
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