California’s Crash Omen of Nation’s Future
Borrow and Spend = Crash and Burn California has always been the trend setter for the nation but never more so than today as it totters on the edge of insolvency. The theory that States or Nations [...]
America’s Triple A Credit Rating – At The Precipice?
Black Swan Events Becoming Routine Our Nation has avoided the decline into the abyss that many have been predicting during the economic crisis. At the cost of approximately $13 trillion in government bailouts and guarantees the system [...]
Tea Parties Draw Small Crowds – Are Taxes Too Low?
Hartford, CT Anti-Tax Rally Anti-tax tea party rallies took place across the nation on tax day, April 15th. All things considered, including the warm spring weather, the size of the crowds protesting seemed oddly small. MSNBC -Whipped [...]
Inflation, Deflation or World Depression?
Should We Discount The Consensus? The debate on the outcome of bailouts and money printing continues. A review of some of the current thoughts on Fed and Governmental action predict different possible outcomes – none of them [...]
Bank Of England’s Desperate Last Tactic Forestalls British Sovereign Default
Printing Money – Final Desperate Tactic The Bank of England is engaging in a massive repurchase of British debt in an attempt to pump cash into a crashing British economy. The Bank of England’s money printing is [...]
AIG Says We Must Retain The Talented Staff That Lost $170 Billion
According to AIG, Good Work Must Be Rewarded Record Loss AIG, whose fourth-quarter loss was the worst in corporate history, earmarked $1 billion in retention pay for about 4,600 of the company’s 116,000 employees so they won’t [...]
China Questions US Solvency – US Says Not To Worry
US Insists China Fears Over Debt Unfounded The Obama administration rejected China’s concerns that its vast holdings of U.S. assets might be unsafe, in an unusual diplomatic exchange that underscored the global importance and the potential fragility [...]
Obama Approves 8,500 Earmarks While Vowing To Fight Them – What?
Obama Says: Hear What I Say, Don’t Watch What I Do After campaigning on promises to reform Washington, it was easy to be confused by the Washington Post article – Obama Signs Spending Bill, Vowing To Battle [...]
Economists Give Obama Grade Rating of F – An Ugly Ending
The First Test Results Are In Obama, Geithner Get Low Grades From Economists U.S. President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest [...]
