Monty Pelerin's World

Economics, Finance and Politics Through The Prism of Classical Liberalism

Monty Pelerin's World

Tag archives for United States

Stansberry: Bankruptcy of the US is Now Certain

This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, using cash flows and borrowing capacity, to support his conclusion. Stansberry  has a great sense of urgency believing “the odds are very high you’ll be [...]

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Wisdom: Eisenhower and Michael Crichton on Science

Anyone can rent a scientist. But when Federal funding is at stake, it appears you can also rent a conclusion. In his farewell address to the nation back in 1960, Dwight D. Eisenhower warned of the danger from the military industrial complex. Less well-noted was his admonition of how scholars (scientists) could be corrupted by [...]

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Retirement, For Whom?

… your $200,000 ten years ago has been halved in terms of purchasing power. However, in terms of planning purposes, your anticipated retirement amount has been reduced by 75%. Given these outcomes, who will be able to retire? And for those already retired, how many will “unretire?” For Buy and Hold investors, better have a [...]

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US Morphs into Greece, Financially

One possibility of where the US is headed. The Seeking Alpha article below should probably be read after reading Spiraling to Bankruptcy What Will the U.S. Economy Look Like in 10 Years? Look to Greece by TraderMark “I’ve been reading quite a bit of handwringing over Greece in the UK papers, and came upon this piece from [...]

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Wisdom: To Whom You Listen Is Important

History Only Rhymes; Optimism Always Repeats As we move through life, day by day, it is difficult to see the history that is being made. There are exceptions, Pearl Harbor, 911 and other cataclysmic events. Most history moves slowly and blends in with the ebb and flow of daily and weekly minutia. History can only [...]

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Meredith Whitney is Half Right

Meredith Whitney hits part of the problem precisely: the Fed cannot ease off  purchases of mortgage-backed securities without a collapse of the housing market and the economy. She doesn’t deal with what happens if the Fed continues to support the housing market. This disguised quantitative easing necessary to support the housing market will lead to [...]

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