Posts Tagged ‘ Economics ’

Are We Broke? If Households Are Tipping Over – Can America Be Far Behind? (Part 3 of a Series)

March 31, 2010
By John
Are We Broke?  If Households Are Tipping Over – Can America Be Far Behind? (Part 3 of a Series)

(This is another in a series of postings about the size of US liabilities, their implications for our economy and personal wealth, and a path out of the mess we are in.) So What is ‘Broke’? If we’re going to ask whether America is broke, perhaps we should first ask what the word broke really...
Read more »

Tags: , , , ,
Posted in Economics, Uncategorized | 1 Comment »

Are We Broke?: DC Alchemists Change US Debt from Gold into Tin (Part 2 of a Series)

March 23, 2010
By John
Are We Broke?:  DC Alchemists Change US Debt from Gold into Tin (Part 2 of a Series)

(This is another in a series of postings about the extent of US liabilities, their implications for our economy and personal wealth, and a path out of the mess we are in.) Before we continue with Rough Truths’ detailed analysis of our nation’s financial situation, some facts emerged yesterday that show how the capital markets...
Read more »

Tags: , , , , , , , ,
Posted in Economics, Uncategorized | 2 Comments »

Are We Broke? Part I of Series

March 15, 2010
By John
Are We Broke?  Part I of Series

Over the next couple of weeks, Rough Truths will publish a series of columns that address the question “Are We Broke?” There is much talk in political, economic and banking circles about whether we are on a path to insolvency, what the debt means for the tax rates we will pay, what the implications are...
Read more »

Tags: , , , , , ,
Posted in Economics, Uncategorized | 2 Comments »

Thanks for the Party – May I Have a Doggie Bag?

March 13, 2010
By John
Thanks for the Party – May I Have a Doggie Bag?

The Federal Government set a new record for monthly budget deficits last month.  According to the US Treasury Department on Thursday, the Feds ran up a $221-billion deficit during February, 2010.  That’s just over $700 for every man, woman and child in the United States.  In one month.  Just 28 days.   Yes, that’s $700...
Read more »

Tags: , , , , , , ,
Posted in Economics, Politics, Uncategorized | 2 Comments »

Tried and Failed: The Futility of a Jobs Tax Credit

February 1, 2010
By John
Tried and Failed: The Futility of a Jobs Tax Credit

Details have yet to be announced, but the White House is set to propose the resurrection of yet another failed ‘stimulus’ program from the Carter era this week – the Jobs Tax Credit.   Why?  Because the societal engineers running the government think they can direct resources and create ‘desirable’ work through Rube Goldbergian machinations,...
Read more »

Tags: , , , , ,
Posted in Economics, Politics | 2 Comments »

Progressive Economics, Jobs and the State of the Union: Fixing the Pipes During a Flood

January 26, 2010
By John
Progressive Economics, Jobs and the State of the Union: Fixing the Pipes During a Flood

President Proposes A Jobs Program to Nowhere According to several morning news reports, the President will offer yet more targeted relief to beleaguered middle class families during his State of the Union Address on Wednesday night.  Finally recognizing that we face an intractable unemployment rate of over 10% (almost 20% if you include underemployed and...
Read more »

Tags: , , , , ,
Posted in Economics, Politics, Uncategorized | 5 Comments »

Is the Iron Chef in Chief Fast Tracking Another Financial Crisis?

January 24, 2010
By John
Is the Iron Chef in Chief Fast Tracking Another Financial Crisis?

Cloudy with a Chance of Meatheads? This week, a panicked American political leadership took important steps toward pushing our financial system off a cliff.    The election loss on Tuesday triggered a round-robin of recriminations, accusations and repositioning by elected politicians around the country.  And on Wednesday the President joined the chorus of confusion with a...
Read more »

Tags: , , , , , , ,
Posted in Banking, Politics, Uncategorized | 1 Comment »

Regulate Me Before I Betray You Again!

January 15, 2010
By John

Banking is a great business.  Nobody believes me when I tell them that.  But it is a noble enterprise.  You get to hold your neighbor’s hard-earned savings in exchange for a small amount of interest, you can lend those savings to worthy borrowers and generate a reasonable rate of interest in return, and you...
Read more »

Tags: , , , ,
Posted in Banking, Economics, Politics | 1 Comment »

Get Adobe Flash playerPlugin by wpburn.com wordpress themes
ga.js