In the entire history of the United States, consumers have never been in so much debt.  And that would not be a crisis as long as the vast majority of us were regularly making our debt payments, but as you will see below delinquency levels are starting to rise to extremely alarming levels.  In fact, […]

The standard joke about high-yield bonds is that they’re not high yield any longer. Let’s replace it with something better.

In parliament, Alan Duncan for the government has just rejected yesterday’s stunning result at the International Court of Justice, where British occupation of the Chagos Islands was found unlawful by a majority of 13 to 1, with all the judges from EU countries amongst those finding against the UK. This represents a serious escalation in […]