Latest on twitter:
In a past life I was a economist (before that, a Chinchilla in case you were wondering). This is where I write about the magic of markets and the absurdity of the financial world.
I get turned on by charts
You can check out my meta-Tumblr here
I work for Thirdi Software
"It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That’s an amount equal to nearly 30% of our entire GDP. And we’re the world’s biggest economy. Where will the money come from?"
Porter Stansberry - The bankruptcy of the United States is now certain
