Image of the Day: Tomb of Ramses VI

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Wolf Richter: Does the US Still Rely on China to Buy Treasuries?

Not like before

In today’s post Soviet world, it is easy to forget just how ominous the specter of communism was in the late 1970s and 80s

The UK’s demands haven’t gone unnoticed by those who have worse deals than the one the UK is trying to secure

There is no one who goes to a negotiation and says ‘My god, I’ve got to have this deal.’

A full third of the world’s borders are less than 100 years old

Would the US economy would have grown at all since 2008, if not for huge increases in government borrowing?

Congress spent roughly the same amount on their own bribes, via earmarks, in 2006 as they spent on the entire national Food Stamps program

The period from 1992 until 2100 will be the longest period since 200 BC when neither Europe nor the US are home to one of the world’s largest cities.

William Trost Richards – 1881