Sin and Millionaire Taxes Are Not The Answer To State Deficits
Maryland Fights The Laffer Curve and Loses As state tax revenues plunge, politicians are attempting to increase spending and cover budget deficits by imposing “sin and millionaire taxes”. Failed attempts by the State of Maryland to cover [...]
The Futility Of Lower Interest Rates, Obama Motors, “Atlas Shrugged” Sales Surge & Confidence Mounts
As stock markets surge, GM’s future is suddenly bright and consumer confidence soars, here are some recent blog posts worth the read with some alternative insights. Why lower interest rates are not effective monetary policy If too [...]
Banks Loss Reserves Can’t Keep Pace With Troubled Loans
The latest FDIC Quarterly Banking Profile reveals that banks increased loan loss reserves by 11.5% and the ratio of reserves to total loans increased to 2.5%, an all time high. Despite the large loan loss reserves, the [...]
Hyperinflation Worries – The Next Black Swan Or A Contrary Indicator?
Inflation Concerns Increase There has been much speculation lately about the end results of the US Government’s massive deficit spending. Many analysts are predicting that the end result will be hyperinflation as the Fed is forced to [...]
