The Folly Continues

Another day, another rally, and the bad news continues unabated. GM should be filing for bankruptcy any day now, home prices fell by over 19 percent in the 1st quarter of the year, and the U.S national debt is now well over 11 trillion dollars. The Dow, S&P, and Nasdaq all rallied as a result. Welcome to bizzaro world.

Economist Michael Hudson On U.S Debt

Uh Oh, Looks Like We Might Have Lost Track of a Couple Trillion!