Economic Overviews

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).

Outsourcing is a good thing, despite our two presidential opponents excoriating each other over it.... Trade xenophobia is a political tool to divert blame from where it belongs - government - [and]...politicians who talk about “fair” trade are just trying to justify more protectionism...[which] always make people poorer rather than MORE prosperous. [Let me explain.] Words: 430

For the past 2 weeks I have been posting information on the state of the American union but compared to the other articles being posted they are consistently receive the read fewest reads. With Americans making up 55% of the 100,000 or so visits to the site each month it begs the question"Why are Americans ignoring the facts about their country that are necessary to make an informed decision as to who to vote for in the upcoming Presidential election?" Below is the 10th in the series with links to the previous nine.

Small businesses, typically cited as the “engine of growth” for the American economy, shed jobs faster than larger companies in the past decade...To see how they’re bouncing back now, click to view today’s full infographic from FaceThefactsUSA.org. Then check out all our facts so far here on our mobile site.

Governments everywhere are becoming more distressed and desperate as economic realities dominate the political doublespeak. The world is at a dangerous point. Much of what we thought we knew and assumed regarding governmental behavior and economics is beginning to be reassessed. Governments of the world are out of money and out of ideas. The ponzi scam that has been perpetrated for over fifty years is collapsing under its own weight. There are not enough suckers and capital left to sustain the fraud. [Let me explain further.] Words: 999

Think you know who gets social security? Think again! 36% of Social Security recipients are not retired workers, but children, the disabled, or spouses and survivors of workers. Almost one of every six Americans receives a Social Security benefit today. To see who benefits, how much they get and how much it matters to them, see today’s infographic. You'll be surprised!