Congresional Budget Office Issues Budget Warning We Must Address.

Posted by Mark Pettinga

In his State of the Union speech last Tuesday, President Obama concluded that “the State of our Union is stronger.” The big question is: stronger than what?

The CBO has been issuing warnings about the looming risk of a debt crisis for nearly three years. … Read More »


Inflation, Currently Tame, May Rise in 2014.

Posted by Mark Pettinga

While the United States’ fourth-quarter gross domestic product report was a disappointment on many fronts, it did contain a few silver linings. One of these positives: The noticeable absence of meaningful inflation.

For many investors who have been watching the Federal Reserve’s increasingly heroic … Read More »


Pimco’s Bill Gross on How to Play “Credit Supernova”

Posted by Mark Pettinga

Let me first describe the “big bang” beginning of credit markets, so that you can more closely recognize its transition. The creation of credit in our modern day fractional reserve banking system began with a deposit and the profitable expansion of that deposit via leverage. … Read More »