Economic, Financial and Political Analysis
Stockton, CA just declared bankruptcy. It is not the first, nor will it be the last, municipality to do so. As the image to the right shows, Stockton was recently considered an “All-American City.” Perhaps that is a portent for other cities who believe they are extra special. Does anyone believe that Detroit can survive [...]
An interesting but technical article argues that the young are being abused to support the elderly and concludes: We call this America’s “fiscal child abuse”. If it continues, it will no doubt shortly drive the national saving rate, which was negative 1.2% in 2009, into permanent negative territory and further reduce net domestic investment and [...]
What more is there to say? I suppose one could include the video where Obama refers to GWB’s debt increase as immoral. H/T Doug Ross
The slide toward sovereign bankruptcy and economic collapse continues. The best efforts of politicians and their sycophants in the media to convince you otherwise are being contradicted routinely by the the harsh facts of the marketplace. Their propaganda appears increasingly incredible. The private economy has shown virtually no improvement despite stimuli in magnitudes never before [...]
Economic conditions are deteriorating rapidly. Obama, in full campaign mode, continues to spend money as if we have it. He talks about the deficit problem while he continues to make it worse. As Financial Armageddon pointed out with this recent listing of news articles, we don’t need new spending to exceed projections for the year. [...]
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by Monty Pelerin on April 26th 2013
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by Monty Pelerin on March 27th 2013