The curious case of US credit downgrade

It has been one week since S&P downgraded US credit and stock markets around the world has gone through one of their most volatile weeks ever. I’ve stayed close to the markets during this exciting week and in this note I’ll reveal some from my observations. Let’s stop here for …

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Is US system a mega Ponzi scheme?

Recently I think about the idea of my Professor, Tom Nguyen, of whether US is a mega Ponzi scheme. The main argument is: US almost always pays old debts with new debts (and an increase in debt ceiling), moreover, default is not an option toward US’s debts. I did keep …

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