The US state governments are in big fiscal trouble -- in large part due to the greedy public sector unions which have seized control of large parts of state and local government -- and can control the swing of local and state elections.
Gullibility is the principle cause of financial bubbles (via Simoleon Sense)
Small investors may be taking too big a risk in the bond market -- helping to inflate the growing bond bubble.
This Niall Ferguson video explains why the big-spending US Obama regime may be leading the US to the edge of the abyss -- and beyond.
The ebullient enthusiasm in the recent US stock market and commodities markets may be based upon misplaced optimism.
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