A curious thing about this week’s Supreme Courthearings on President Obama’s health care law is that while nobody doubts how the four Democrat-appointed justices will decide, there is no such certainty on how the Republican appointees will rule in the case, which will go a long way toward defining the scope and limits of government power in the 21st century.
For the past 70 years, liberal-minded justices have taken more uniform views [...]
From Pragmatic Capitalism:
A curious thing happened with the Greek sovereign CDS in the last couple of days. It widened out, in spite of the bailout agreement.
The chart below shows “points upfront” for the Greek 5-year CDS in the past few weeks. (Note that the “spread” widened also, but for such a distressed credit, spread is not meaningful as transactions are all done based on “points upfront” – see this post [...]
From Grant Williams
Any time you see smoke amidst a whole stack of paper, it’s likely a fire is about to break out and that certainly happened this past week as the paper futures market led a drubbing in prices for the silver contracts that, even by silver’s standards, was pretty spectacular. But as the fall in the COMEX contract price captivated the world and headlines [...]
By Tim Dickinson
In the Senate, those demanding even harsher prosecution of the Libya war include the three amigos. John McCain, warning that “the blood of Americans is on Qaddafi’s hands,” has called for arming the insurgents, whom Joe Lieberman has praised as “freedom fighters.” Lindsey Graham wants to know why we don’t just take out the Libyan leader like Reagan tried to do:
“Who would be [...]