Not looking good

AIG is at the trough once again. No end to these bailouts.

The stress is showing in the government. Bids to insure government debt has skyrocketed. What this means is that with all of the bailout we have done, investors are now concerned about the solvency of the U.S.

This is not good at all. Now when the treasury auctions this horrific debt coming due, the rates will shoot to the moon. That is the only way investors will grab the debt.

So Uncle Ben can lower rates to zero and it will not work.

Credit is going to get ever so expensive (if you have not had your credit card interest increased, it will....). Just when the central planners were wanting to "thaw" the credit markets.

These are fun times if you have been on the right side. If not, it has (and will continue to be) very frightening.