Addison Wiggin
Addison Wiggin's Latest Articles | 12
Gold Role Reversal: Central Banks Now Net Gold Buyers
The world is turning upside down when central bankers are accumulating gold and ordinary people are not. Last year, central banks were net buyers of gold for the... Read »
America’s Brain Drain
Baris Guzel is the kind of fellow who used to find his future in America. Not anymore. Guzel is a 25-year-old student from Turkey working on his master’s degree... Read »
FICO Surprised by Default Data
FICO, the outfit that computes your vaunted “credit score,” has just noticed that consumers with high scores are more likely to default on their mortgages than... Read »
Is China More Capitalist than the United States Now?
The markets were atwitter this morning over Greece. But chances are you already know that. It’s China we have on the brain. And so does Joe Six-pack. ABC News... Read »
Bank Lending Last Year Dropped at the Biggest Clip Since 1942
The FDIC is even more broke than it was three months ago. The fund the FDIC uses to “insure” your bank account went $20.9 billion in the red during the fourth... Read »
The Spartans Get Default Deadline
Bonds can be a boring business…right up until they’re not. Scanning the globe today, the theme is debt, and companies and nations desperate to deal with it. Let’s... Read »
Buy American, China Is
13-F filings. Usually, they’re like watching grass grow — unless someone from Berkshire Hathaway is involved. Tuesday was a little different. In short, 13-Fs... Read »
The Coming Trade War
We write today’s edition with the ghosts of Smoot and Hawley lurking over our shoulder. And Winston Churchill whispering “jaw-jaw” is better than “war-war.” Jawing... Read »
State of the Union: A Day Late, and a Buck Short
On the eve of Obama’s election to the presidency, while pondering how long the recession would last, we wrote: “The data point to watch will be unemployment.... Read »
World’s Biggest Foreclosure?
Back in the height of the bubble, just three short years ago, this plot of land, glass and concrete represented the biggest real estate deal in US history: Yesterday... Read »






