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A Million Simulations, One Verdict for US Economy: Debt Danger Ahead
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path. The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last […]
Book Review: The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
BOOK REVIEW: THE DEFICIT MYTH: MODERN MONETARY THEORY AND THE BIRTH OF THE PEOPLE’S ECONOMY In January, the Congressional Budget Office (CBO) released its Budget and Economic outlook for 2020 to 2030. It is horrific reading. Federal budget deficits are projected to rise from $1.0 trillion this year to $1.3 trillion over the next 10 […]
Opinion: 10 alarming things about the economy that politicians won’t tell you
Opinion: 10 alarming things about the economy that politicians won’t tell you The Congressional Budget Office reveals shocking forecasts for immigration, debt and spending for the next 30 years How do you know a politician is lying to you? Simple: His lips are moving. Yes, it’s an old one — but none the worse for that. […]
The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning
The Financial Apocalypse: The Market Faces A $12 Trillion Reckoning Global markets are now facing a $12 trillion dollar reckoning. The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash. A recent report from the Congressional Budget Office has warned that deficits will total $11.6 […]
Disaster Awaits: National Debt Will Be 6 Times The Size Of The Economy
Disaster Awaits: National Debt Will Be 6 Times The Size Of The Economy Even without changes to the current spending policy, the government’s spending is on an unsustainable path. By the time a child born in 2018 reaches retirement age, the United States national debt will be six times the size of the economy according to […]
Soaring Deficits and Interest Costs Leave the U.S. Looking Very Fragile
Soaring Deficits and Interest Costs Leave the U.S. Looking Very Fragile If you take a step back and look at the macro picture of the U.S. economy – it resembles a huge, upside-down, glass pyramid. Constantly teetering back and forth – struggling with everything it has to keep from collapsing. And so far – it’s […]
CBO Warns Of Fiscal Catastrophe As A Result Of Exponential Debt Growth In The U.S.
CBO Warns Of Fiscal Catastrophe As A Result Of Exponential Debt Growth In The U.S. In a just released report from the CBO looking at the long-term US budget outlook, the budget office forecasts that both government debt and deficits are expected to soar in the coming 30 years, with debt/GDP expected to hit 150% […]
More Frogs Boiling—–Why Trillion Dollar Deficits Are Coming Back Soon
More Frogs Boiling—–Why Trillion Dollar Deficits Are Coming Back Soon Yesterday I noted that the frogs of Wall Street linger in the boiling pot because they are under the delusion that stocks are cheap based on the sell-side hockey sticks that always show $135 per share of S&P earnings and a 15X multiple in the next year ahead. Besides […]
Jim Grant Asks When The World Will Realize “That Central Bankers Have Lost Their Marbles”
Jim Grant Asks When The World Will Realize “That Central Bankers Have Lost Their Marbles” April 15 comes and goes but the federal debt stays and grows. The secrets of its life force are the topics at hand— that and some guesswork about how the upsurge in financial leverage, private and public alike, may bear on […]
America’s National Debt Bomb Caused By the Welfare State
AMERICA’S NATIONAL DEBT BOMB CAUSED BY THE WELFARE STATE The news is filled with the everyday zigzags of those competing against each other for the Democrat and Republican Party nominations to run for the presidency of the United States. But one of the most important issues receiving little or no attention in this circus of […]
Three Reasons to Be Worried About the Economy
Three Reasons to Be Worried About the Economy On January 12, America’s central planner-in-chief gave his State of the Union address. The president promised nothing less than to feed the hungry, create jobs, shape the earth’s climate, and make everyone a college graduate. There’s nothing new here, though. We’ve heard variations of this silly song […]
SPR To Be Used To Raise Cash For US Gov
SPR To Be Used To Raise Cash For US Gov The U.S. Congress is moving on a budget deal to avert a standoff over raising the debt ceiling, at least until 2017. The emerging budget deal calls for some modest increases in government spending, including on defense, along with some tweaks to Social Security and Medicare. But […]
America’s “Inevitable” Revolution & The Redistribution Fallacy
America’s “Inevitable” Revolution & The Redistribution Fallacy Here’s the good news: The chaos and upheaval we see all around us have historical precedents and yet America survived. The bad news: Everything likely will get worse before it gets better again. That’s NYPost.com’s Michael Goodwin’s chief takeaway from “Shattered Consensus,” a meticulously argued analysis of the growing disorder. Author James Piereson […]
A Comprehensive Breakdown of America’s Economic House of Cards | First Rebuttal
A Comprehensive Breakdown of America’s Economic House of Cards | First Rebuttal. I was going over some of my older posts to review what was being discussed at the beginning of this year and what the perspectives were at that time. I found an interesting piece I wrote at the beginning of the year. I had just watched Janet […]
