Friday , 29 March 2024

Tag Archives: debt ceiling

The Fiscal Cliff Drama Is Over! Here Are the Winners & Losers

At the 13th hour, the House passed the compromise bill that appears to have helped the U.S. avoid imminent economic disaster - from their own inability to reach a compromise before the January 1st deadline. For now, the markets appear to be cheering the reduction of some uncertainty but it's not the all-inclusive deal that many had hoped for. Below are some of the apparent winners and losers included in the deal. Words: 765

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Dr. Faber and I Concur: There Are Major Reasons to be Very Cautious in 2013 – Here’s What To Do (+2K Views)

Dr. Marc Faber, the author and publisher of the "Gloom Boom And Doom" report is one of the most well-read economists out there. I am of the opinion that his suggestions and investment advice are more realistic than any other economist or analyst we hear and read regularly. The summary of Dr. Faber's latest monthly report suggests that he views 2013 as a year of capital preservation. In other words, Dr. Faber is not very bullish on risky asset classes for 2013. This article discusses Dr. Faber's views and the reasons to remain cautious in 2013. Words: 1494; Charts: 3; Tables: 1

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U.S. Events Suggest It’s Time to Further Internationalize Your Portfolio (2K Views)

With both the fiscal cliff and debt ceiling looming, US stocks beginning to trail stocks overseas and the much increased volatility of the US market compared to those outside the United States, it is getting difficult to argue that the United States is still the "safe port" in a storm. Given the changing dynamic, we continue to believe that this is a good time for investors to consider lowering their overweight position in US equities while raising the allocation to international stocks. [I explain my position more fully in this article.] Words: 711

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The U.S. Dollar Crisis is About to Accelerate! Here's Why

If the debt ceiling deal agreement is fully implemented [it is only going to exacerbate America's financial and economic woes and accelerate the demise of the U.S.] Dollar Standard which is inherently flawed and increasingly unstable. Its demise is imminent. The only question is will it be death by fire—hyperinflation—or death by ice—deflation? Fortunes will be made and lost depending on the answer to that question. [Let me explain how the collapse of the dollar could well unfold.] Words: 944

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America's Future: Growing Deficit, Shrinking Economy, Imploding Dollar and Exploding Inflation

The new [debt ceiling deal] legislation will add $2.4 trillion to the $14.3 trillion national debt in a little over a year - and we don’t even start saving money until after the debt reaches $16.7 trillion! This bill doesn’t even cut the deficit. It just slows the growth of government spending to around 8% a year! So, even if Congress cuts $2.1 trillion out of the budget over the next 10 years, we will still be running annual deficits of more than $1 trillion...[That means that in addition to a deficit that will continue to grow we can look forward to a shrinking economy, an imploding U.S. dollar and exploding inflation. Some future! Let me explain.] Words: 827

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Sinclair: With Gold Reaching $1764 It Will Now Go Hyperbolic! (+2K Views)

The idea that an increase in the debt ceiling is a solution to anything is nonsense. The event would be simply a can kick forward for a very short period of time. Increasing debt is not a solution to a debt problem. It actually makes the problem worse. It is an act of extending your Federal credit card borrowing line so you can use it to pay your mortgage. Words: 590

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Jim Rogers: Situation to Worsen in U.S. and Lead to Social Unrest

You think the problems are bad now? You wait until we don't have any more credit. You wait until the currency is collapsing. You wait until interest rates are going through the roof and inflation is going through the roof. It's not going to be a pretty picture. There will be social unrest. [See below for the link to the interview.] Words: 477

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What Would U.S. Default Mean for Canada – and the Global Economy?

Republicans and Democrats probably will reach a deal to pay America’s bills before the U.S. government runs out of cash at the end of July - probably - but in the meantime it has pushed the United States — and the world economy — toward a fearsome shock at a time when the world economy cannot afford any more shocks. If a U.S. default did happen, however...what would it mean for Canada? The answer is surprising. Read on. Words: 832

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