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Posts Tagged ‘deleveraging’

Any Further Than I Can Throw Them

January 30th, 2014 by Kurt L. Smith

Crippling debt is not a problem for companies, governments, municipalities or even individuals until the day it is a problem.  The power of greater leverage can be downright amazing and spectacular.  But when it comes to your money I no longer believe the risks associated with leveraged issuers are worth the reward. (more…)

High Prices Be Damned

December 20th, 2013 by Kurt L. Smith

For some things in life, the price is the price.  You must pay it because you have to or you need to pay it.  With one son in college and another on his way next year, I know all about prices one must pay.  Some people look at investing the same way: the cost is the price one must pay. (more…)

QE3, Municipals and You

October 10th, 2012 by Kurt L. Smith

Federal Reserve Chairman Ben Bernanke kicked off Year Six of the Financial Crisis by announcing a mortgage bond buyback scheme dubbed historic as the Fed is now focused on the employment woes of the nation.  Will it work?  One only need look as far as a Federal Reserve Bank president, Charles Plosser, to find a cogent critic.  Thank goodness this is America and one can voice dissent. (more…)

NEWS FEED

The $247 trillion global debt bomb washingtonpost.com/opinions/the-2…