Debt Debacle

Sometimes the current economic pundits talk about our current debt and indicate that it is not as severe a problem as others think.  This in spite of the fact that even those in the current administration do give lip service to the notion that the deficits and debt growth are “unsustainable”.    They just want to [...]

King Dollar and Diplomacy

This is not a polemic on politics but rather a discussion about economics, numbers and the international relations and effects of the US currency and its perceived worth around the world.    In the Wall Street Journal and other economic news outlets there has been substantial discussion of recent days about the decline of the dollar [...]

Madoff For Treasury Secretary or SS Trustee

Let’s give the devil his due, Bernie managed to run a giant Ponzi scheme successfully for about 20 years.   Not bad considering the whole thing was built on smoke and mirrors from the git go.   He understood quite correctly that “image” was everything and knew how to manipulate that image so others were envious of [...]

Will Bull Market Endure?

It is so unusual to have financial and economic news dominate the headlines the way they have for the last several months.  Under normal conditions there might be a headline or two each month about such matters but usually they would be relegated to the business section of the paper.  Not any more.  There has [...]

National Debt – A way out?

History is replete with examples of governments’ attempts to manage their debt.  Usually the governments wanted to spend money for a program or war or they were trying to pay for the last popular program or war.
Many techniques have been used over the years, but the most often utilized method was to simply not pay.
Recall [...]