Economic Overviews

The world has created another debt bubble and we've chosen to kick the can down the road just like Roosevelt did in the ‘30s, and Japan has been doing for the last 20 years. Also, just like in the ‘30s, we are going to get the same result which is persistently high unemployment and generally declining global economic conditions unless drastic steps are taken - and the cure to our problem is staring us right in the face. [ Let me explain.] Words: 760

Goldman Sachs investment strategist Abby Joseph Cohen's massive presentation on the state of the world economy and investment environment looks at the state of several key economic and financial market metrics in key countries around the world and discusses her outlook for the rest of 2012 and beyond.

I posted information from FaceTheFactsUSA.org on the state of the American union on munKNEE.com for 11 consecutive days earlier this month. Unfortunately, in spite of the fact that Americans make up 55% of the 100,000 or so visits to the site each month, all such articles proved to be of little interest. That is a shame because FaceTheFactsUSA.org is making an unbiased effort to present substantiated information which would be invaluable in assisting Americans make an informed decision as to who to vote for in the upcoming Presidential election. Below are links to Facts 12 through 21 as posted on FaceTheFactsUSA.org and to the previous 11 Facts as posted on munKNEE.com.

The median household income in the U.S. is $51,914, according to U.S. Census Bureau data. To find out just where that cash is going, we've trolled through the latest data in employment, transportation, and common consumer expenditures. [Here it is.]

The impact of sluggishness in the U.S. consumer base, U.S. fiscal policy changes, and the prospect of recession in the eurozone now rank in the top five slots on Fitch Ratings' map of the most important and urgent risks to global ratings. Read on to learn what the other 10 major risks are to the global economy.

The warning bells are ringing, and they are ringing loudly. We've already allowed bad economics to lead to bad politics. Now, it's high time to put a stop to the cycle where bad politics undermines an already fragile economy. [Let me explain.] Words: 1085

The articles posted on this site are so serious in content it always is enjoyable when an opportunity presents itself to comment on a serious subject but still manage to put a smile on your face. This is one such occasion. Enjoy!

"The U.S., with $15 trillion in debt, and roughly $1.5 trillion in tax revenues, is an enormous disaster waiting to happen. At 10% interest rates the U.S. would use 100% of its tax revenues to finance the debt....This is why money printing is guaranteed...and this time, like it has before, it will lead to a financial crash [which] will be of a worldwide magnitude.”

This post shows JPMorgan's estimated probabilities on four different fiscal cliff outcomes, conditional on who wins the presidential election in November.

Nouriel Roubini is known for his pessimistic views on the health of the global economy and his nickname is Doctor Doom. Bloomberg TV recently put together a short video highlighting Roubini's most bold and sharpest quotes from the past year, which is definitely worth a watch (see here).