And that alleged consumer credit recovery? The entire thing is kids being suckered into taking on student debt.
Great American Ponzi update
February budget deficit is largest monthly deficit in history, and much bigger than the entire year's deficit in 2007. If this is a recovery, why are we still running deficits at a Greece-like 10% of GDP, and why are the deficits still getting worse?
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...
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo t...
We've noted before that a bunch of economic trends turned bad when Nixon closed the gold window and we launched into the current pure f...