If too much debt is the problem, then more debt probably isn’t the solution, regardless of how low the interest rates are Mr. Bernanke. Joe Weisenthal shares: This chart of household debt to income shows how high we are on a historical basis (even though it’s come down a bit) and how much deleveraging there [...]

Accomplishment?  What are you smoking? http://market-ticker.org/akcs-www?post=194257

The cost of a college education has increased exponentially over the last 30 years thanks to easy college loans, increased grants, and the housing bubble.

Greece, as it turns out, was the Eurozone’s canary. The canary was resuscitated and a small rescue mechanism was set up to revive a further canary or two – but beyond this the warning was ignored. The miners kept on working. They convinced themselves that this was the canary’s problem.

In the last 48 hours, so much news has come out of Europe that has me frankly shaking my head. It is a strange game of brinksmanship they are playing, and it is one we should be paying attention to (as if the brinkmanship played by US politicians over the debt ceiling is not enough). This week we look at what seems to be European leaders taking random walks through the minefield at the very heart of the European Experiment.