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Astute reader Shaun forwarded along a great email with his thoughts about the sovereign debt situation, and included a couple of fantastic charts that illustrate examples from Japan and Argentina. Both charts are courtesy of Reggie Middleton’s excellent BoomBustBlog. The first item we’ll explore is Japan, a nation that has become increasingly hooked on public […]
In a story that will make any red-blooded capitalist, the Wall Street Journal reports that business are flocking to seek cash “from the biggest venture capitalist of them all, the US government.” The DOE hopes to lend or give out more than $40 billion to businesses working on “clean technology,” everything from electric cars and […]
Recovery.gov, the resource setup by the Obama administration to provide full transparency of the squandering and misallocation of tax dollars, is reported to actually be more translucent than transparent. Watchdog organization Sunlight Foundation, described as “normally polite” by ReadWriteWeb, referred to Recovery.gov’s data transparency as a “significant failure.” And not just once! Sunlight co-founder Ellen […]
“You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they […]
This video’s a doozy – Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Further reading: Demand for US Treasuries Poor in Latest Auction How Bad Will the Financial Crisis Get? […]
Oh what a wonderful economic world it may be right now, had the government not felt the compelling need to “do something.” Casey Research’s Terry Coxon reviews the government’s “helpful” actions over the past couple of years, and asks the question – what would have happened if they had done nothing? NothingBy Terry Coxon, Editor, […]
On Wednesday I came across this fascinating analysis about the debt spiral the US now finds itself in, written by Professor Antal E. Fekete at the San Francisco School of Economics. I asked Prof. Fekete permission to republish his article here, and he was kind enough to grant my request. Hope you enjoy this piece. […]
Are we in a deep cyclical downturn, or the first few innings of The Greater Depression? This is the question many investors are trying to answer, because this is what it all gets down to. If we are “merely” in a deep recession – likely the longest and deepest since the 1930’s – then we […]
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