Category: Debt
Trillion-Dollar Deficits From Here to Eternity
In America today, it is almost impossible — politically — to cut government spending or to raise taxes. That leaves debt as the only way forward.
The Greatest Comedy of Modern Politics
Government, always and everywhere, is a way for the few to exploit the many. Modern democracy depends as much on fraud as force. Elite conquerors pretend to respond to the ‘will of the people.’
Mr Market Will Have the Last Laugh
The US government funded the boom of the last 30 years with debt — which increased, year after year, 2-4 times faster than the GDP needed to pay it.
The Most Absurd Myth of the 21st Century
Assets, markets, companies, and empires rise and fall. But now comes the most absurd myth of all — that the feds can ‘manage’ and ‘guide’ the economy,
She’s Not Serious…Is She?
One smart cookie believes we should keep interest rates at zero. But how can we do that and not have crippling runaway inflation?
The Trouble With ‘The Wall…’
The Donald goes to ‘The Wall’ and the debate goes on. Meanwhile, we’re losing ground financially. The country is at least $1.2 trillion poorer today than it was in 2016.
Smash Your Piggy Bank: Is More Spending the Way to Riches?
Inequality is the problem…and government is the solution. In his article for the Herald, Bernstein drives that mantra home…
Donald Trump: Swamp Man
In his talks with Democrat leaders yesterday, POTUS apparently lost his temper. He slammed his hand down on the table and walked out.
Alexandria Ocasio-Cortez: A Danger to The Nation
A big, new danger appeared in Congress this month: Alexandria Ocasio-Cortez, the newest representative of New York’s 14th district.
Trump Is Trapped
Stocks advanced a little yesterday. Investors were said to be hopeful about the upcoming trade talks with the Chinese. With a little luck, President Trump will talk to Chinese President Xi Jinping about the ongoing trade war. He’ll announce a
One Mistake Dooms Investors…
Both Trump and Powell will do all they can to save this market. Both are avoiding a bloodbath because the blood will splatter on their own white shirts.
This Could Be Worse Than 1929
The stock market may have resumed its selloff sooner than we expected.The Dow fell 660 points after Apple announced weak sales — mostly in China.
What We Learned From 2018…
After a week at the family farm, we had come back to the city for New Year’s Eve. But hardly had the new year begun when the echoes of the old year filled the streets and alleyways.
Financial IQ: Why Kiwis Are Drowning Without It
In the Standard and Poor’s Global Financial Literacy Survey, New Zealand was placed 11th in the world for financial literacy, with 61% passing the test. That still leaves a lot of room for improvement.
What Trump and Powell Do Next…
Well, we were wrong. We figured the Fed would pause now. Instead, it went ahead with its rate hike and suggested it would pause in 2019.