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In this month of: The Acamar Journal

Le Deluge

Given the events since, it is ironic that in 2000 the Congressional Budget Office (CBO) had projected that the US would pay off its entire debt by 2010. read the full newsletter

From Greece to America

The crisis in Greece is not so much about Greece, which is irrelevant in the greater scheme of things (at 2% of the EU economy). It is about the German, French and British banks and the consequences if Greece defaults, followed by Ireland, Italy, Portugal and Spain (the infamous PIIGS). read the full newsletter

Previous Journals

Insight of the Day

"I am not here to cheer you up. The situation is about as serious and difficult as I've experienced in my career... The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system... At times like these, survival is the most important thing." -George Soros January, 2012

Recently Profiled

Warren Buffett, Chairman, Berkshire Hathaway:  

Fiscally, we are in uncharted territory. Because of this gigantic deficit, our country’s ‘net debt’ is mushrooming… no one can know the precise level of net debt to GDP at which the United States will lose its reputation for financial integrity.”