The feds were spending trillions of dollars without really knowing what they were doing.

There's nothing dull about the economic news.

But while the dumb money has its eyes on the stock market, the smart money is watching the economy.

Bill Bonner writes that the markets are clearly in a deflationary downturn.

Monetizing the debt is precisely what the Fed will do.  But it will not do so precisely.

Americans are in the habit of spending huge amounts of money with no intention of ever paying it back.

Many investors seem to think that fair weather is back, permanently.

French say the whole US economic model is ready for the junkyard.

Unless the US becomes a net saver, another global financial crisis triggered by a dollar crisis could be inevitable.

Two auto-parts suppliers have already filed under Chapter 11. GM is expected to do so momentarily.