Flow of Funds Q4 2008: Debt Deflation confirmation. The iTulip guy digs into the Fed’s Flow of Funds report.
As argued in “Road to Ruin: Final stretch“, the US is vulnerable to a balance of payments crisis. The cause of that crisis is the convergence of four main crisis events, and we are ready to say that these may occur within the next three quarters:
Chuck Norris sues, says his tears are no cancer cure. Wait, I thought the truth was an absolute defense against charges of libel?
(No set of links is complete without Bank of America is a criminal enterprise.)
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