Economy

Our economy – and economic disparity – can never be fixed until we deal with the debt - and we will never deal with the debt without dramatic reforms to stop underlying dysfunction in government & endemic wasteful spending. Furthermore, we cannot grow our way out of the debt. No credible forecast suggests that future rates of growth for the U.S. economy will be sufficient to close these deficits without significant changes to our fiscal policies. Here are 8 reforms that need to be addressed if we are to have any hope of ever turning things around. I believe they would propel the Dow Jones to 20,000 and beyond. Words: 689

The global financial system is highly interconnected so problems in one part of the world can reverberate almost everywhere else - risking a default, contagion, contracting credit and collapsing economic activity... [Take a look at the amazing graphic in this article to get] a visual guide of the intertwined complexities of the crisis.

The greatest risk to the United States economy right now is a recession triggered by the European financial crisis. [Below is a chart that clearly depicts each of the 50 states exports to Europe as a % of GDP. You will be surprised at what it reveals. Take a look.] Words: 235

Countries differ greatly in the levels and pattern of wealth holdings...In this article...we highlight those of Canada, the United States, the United Kingdom and Australia. [Take a look at the results of our extensive research.] Words: 1314

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation... [is old hat - see links below to many such debt clocks - but] our clock (here) shows the global figure for all (or almost all) government debts in dollar terms. Words: 300

The world seems to be entering a new period of stagflation similar to the 1970s - high inflation and low GDP growth - but expect this to be continually denied by mainstream news sources. Words: 633

If you're inclined to sit on the fence these days in the delicate art of anticipating the next phase of the business cycle, you'll get no argument from the latest update on the Chicago Fed National Activity Index, a monster index of indexes that encompasses 85 measures of U.S. economic activity. This benchmark has weakened this year but it's still not flashing a formal prediction of economic contraction...[Let me explain.] Words: 255

By now nobody should have any doubts as to just how disturbing America's fiscal debacle is. For those naive and innocent few who still think there is a Hollywood ending with a pot of gold awaiting everyone at the end of the rainbow, we present the following "10 essential fiscal charts" from the Pew Policy Institute.

Economic inflection points are seldom obvious but if we take the time to analyze all the data, there are at least five indicators that suggest another U.S. recession is not imminent. [Take a look.] Words: 920

Sorry. I don't make the news. I just report it and I continue to believe the risks [facing the world] are so serious that...this is what will happen next. Soon Greece will default...[and] this will begin a chain reaction of [events leading to... I lay it all out in this short article and I think you will agree that it makes absolute sense.] Words: 912