Here we have Greece’s results from following the theory that unrestrained borrowing is the solution to a slower economy. How long before the U.S. has trouble convincing foreign entities to continue lending us money? Greek lessons for UK debt Greece’s collapse into a borrowing crisis this week has been swift. As Sarah Arnott reports, it [...]
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Monthly Archives: December 2009
Robbing Peter to Pay Paul?
With real estate sales down, payroll taxes taking a hit from unemployment, the result is less money for government spending and promises. The following has serious implications on unemployment. “The governor said the state is going to run out of money this month, even after it taps its rainy day fund and borrows money from [...]
Federal Spending Continues, Will They Ever Learn?
In the midst of the economy being in shambles, unemployment rising and with the need for lower taxes, our government just keeps spending money we don’t have. Ultimately, this will end badly. When there is no one left to buy our debt, we will have to resort to quantitative easing, hence the printing of money. [...]
As Goes Housing, So Goes The Economy
There will be no fundamental recovery (overall) in the economy until housing recovers. Foreclosures, as bad as they seem, are part of the cleansing process and will not be prevented by government intervention. Remember the A B C’s of the economy…as goes housing, so goes the economy…. Banks Take Losses on Short Sales as Foreclosures [...]
Retirement Income for Life
Whether you have already retired or you are approaching that magical day, you certainly realize the low-interest rate environment we are in. With money markets yielding a miniscule .3% to .5%, how are you supposed to create a fixed income that pays your bills without taking on too much risk? In 2008 we were reminded [...]
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