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Q: What bull market, other than US Treasuries, has been roaring nearly uninterrupted since 1983? A: The percentage of US households receiving some government benefit! This number has steadily risen from a “mere” 30% in 1983 to a current, hearty 49.1%. I was actually surprised to see the number that much lower as recently as […]
The bear market in life, liberty, and property may still have some room to run – especially if today’s election in France is any indication. The need for austerity will soon meet unrealistic handout expectations in the US, Western Europe, and Japan, writes David Galland. On the bright side, though, the economics professor from Florida […]
Hats off to the talented (and brave) soul at the Congressional Budget Office who put together three illustrative infographics on the US Federal Budget (or Deficit, depending on your level of skepticism). This may be the first time a picture has been worth a trillion dollar shortfall! When $2.3 Trillion Doesn’t Quite Get It Done […]
Jeffrey Gundlach, CEO of DoubleLine Funds, put together a great presentation themed “The Decline and Fall of the Roman Empire” – which highlights the dire situation now faced in present day America. Below are his slides – well worth a spin through. Hat tip Zero Hedge for posting, and Josh S. for forwarding along! 2-14-12 […]
Tax revenues may be the most reliable of all government economic statistics, as few people volunteer to pay more taxes than they owe (I’m looking in your direction, Mr. Buffett). I remember reading a couple of years back in Dennis Gartman’s letter that he believed the years 2004-07 were actually stronger than thought economically because […]
My good friend and ContraryInvesting.com favorite Jonathan Lederer published his analysis of the US debt downgrade fiasco for his clients, and was kind enough to let me republish for you here. I agree his points, especially #’s 1 and 5…the chart of Japanese rates continuing to pancake after their downgrade is quite an ode to […]
My pal Jonathan Lederer, President of Lederer Private Wealth Management, compiled an excellent FAQ regarding the debt ceiling issue, with his take on a recommended investment approach. Jon was kind enough to allow me to republish his piece here. Debt Ceiling Q&A By Jonathan Lederer, President, Lederer Private Wealth Management With less than three days […]
Charles Hugh Smith writes on his excellent Of Two Minds website that from 2008-2011, the US Federal government paid roughly $8.70 for every $1 gain in GDP. The Federal government borrowed and spent $6.1 trillion over the past four years to generate a cumulative $700 billion increase in the nation’s GDP. That means we’ve borrowed […]
Ever get the urge to follow US Federal budget interest costs from the comfort of your own home? Now you can! Go dig out your bond vigilante hat, and have a blast with this fun Federal deficit interest rate calculator. Hat tip to our friend and correspondent Dr. Evil for sending this resource along.
Bloomberg reports that Illinois lawmakers have merely days to cover their current $13 billion deficit: Illinois lawmakers will try this week to accomplish in a few days what they have been unable to do in the past two years — resolve the state’s worst financial crisis. The legislative session that began today as the House […]
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