A succinct definition.

It may as well be, the world market is buying US bonds at a -0.01% yield. That is, they are paying 1$ for a guaranteed .99 at a later date.

Amazing.

“That sucking sound is all the world’s capital going into the U.S. Treasury market,” Mr. Yardeni said, “which means the Treasury and the Fed can tap into that liquidity pool to finance TARP and offer mortgages at 4.5 percent.”

While that may offset some of the expense of the bailouts, economists say the fact that the United States must borrow so much to prop up large parts of the economy is a big cause for concern.

I’ve been saying this for months. Perhaps I need to charge for my investment advice.

This recession turned my 401k into a 201k.

Bill Ackman is having a great conversation with Charlie Rose.

“Investment banks never had 30-40 times leveraged.”

This guy is making a ton of sense. The problem of easy money, free money without collateral for companies.

Here is an interesting WSJ article on the economy and how it just MIGHT not be the end of the world…unless of course we make it that way with flawed policies. Read the whole article, but this is my favorite part:

The irony is almost too much to take. Yesterday everyone was worried about excessive consumer spending, a lack of saving, exploding debt levels, and federal budget deficits. Today, our government is doing just about everything in its power to help consumers borrow more at low rates, while it is running up the budget deficit to get people to spend more. This is the tyranny of the urgent in an election year and it’s the development that investors should really worry about. It reads just like the 1970s.

The ’70s. Now that’s WAY scarier than the housing market.