The madmen who are responsible for the coming economic disaster continue to behave as if they can manage to avoid it. Violating Einstein’s definition of insanity, they continue to apply the same poison that caused the problem. These fools believe they can manage complexities they do not understand. The end is certain, only its timing is unknown, and, once interest rates begin to rise, and they will, it's game over so it begs the questions "How much longer this can possibly go on?" and "What will happen to the U.S. and the world when it does?"
Read More »Top Myths Regarding the U.S. Debt Ceiling Crisis (+3K Views)
The debate in Washington over when and how to increase the debt limit is less than 100% accurate. Here are some myths about the debt ceiling and the debate about raising it.
Read More »U.S. National Debt At New High; The Consequences Will Be Severe
Debt isn’t without consequences - and the consequences will be severe when the chickens come home to roost.
Read More »Debt Clocks of U.S., U.K., Canada, Australia & Rest of World (+4K Views)
A BIS study warns that budgets of most advanced economies, excluding interest payments, "would need 20 consecutive years of surpluses exceeding 2 per cent of gross domestic product – starting now – just to bring the debt-to-GDP ratio back to its pre-crisis level".
Read More »Only Inflation Will Get U.S. Out Of the Debt Death Trap It’s In – Here’s Why
In basic terms, in the bigger picture, the United States is going broke. We’re heading for a sovereign debt crisis. I don’t say that for effect. I’m not looking to scare people or to make a splash. That’s just an honest assessment based on the numbers.
Read More »Debt Clocks Tell the Story: Vicious Upward Debt Spiral Gaining Momentum – Take a Look (+4K Views)
A vicious upward debt spiral is gaining momentum. The budgets of most advanced economies, excluding interest payments, need 20 consecutive years of surpluses exceeding 2% of gross domestic product – starting now – just to bring the debt-to-GDP ratio back to its pre-crisis level.
Read More »Hang Tight: We Will See Interest Rate Cuts In 2023! Here’s Why
The current cycle of interest rate hikes could go down in history as the shortest and weakest in recent decades. Here’s why.
Read More »The Only Solution To Global Debt Is Default
The illusion that the global economy could effortlessly add trillions in debt to fund living large forever was based on a brief historical anomaly of zero interest rates enabled by low inflation that was never sustainable and the eventual consequences on supply, demand, risk and price discovery are finally visible.
Read More »Federal Spending as % of GDP Remains Remarkably Stable @ 20.8%
Although one often hear assertions about how federal spending or federal taxes have been climbing out of control for years or decades, the actual spending and taxing totals for the federal government have been remarkably stable for a half-century
Read More »U.S. Consumer Debt Approaching A Record-breaking Level
According to the Federal Reserve, U.S. consumer debt is approaching a record-breaking $16 trillion and today's infographic provides context using data from the end of 2021.
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