Tag Archives: fiscal crisis

Optimism has seized stock markets in the past month on the back of better economic data in the United States and a late-summer lull in the euro crisis. Market volatility is at its lowest level in years. [That being said, however,] BofA's top economist Ethan Harris...thinks the U.S. economy is "in the eye of the storm" right now. Below is what Harris sees on the horizon. Words: 363

The definition of insanity is to continue doing something that goes wrong, without contemplating that there could be a different course of action...[and we] are heading deeper and deeper into insanity...we are just getting deeper and deeper into problems leaving our children and grandchildren with loans that could well take decades to finish (paying) off. I fear we are now stoking up the conditions, at some point in the future, for serious inflation.

While most Western countries have serious debt problems none of them has a fiscal crisis as bad as that of the United States. In spite of that, however, the U.S. corporate-controlled media has been obsessively shining the spotlight on the so-called “PIIGS” of Europe rather than on the staggering financial crises facing America. If that weren't bad enough, it has become impossible to trust the few economic statistics that are "fed" us. Frankly, there is a conspiracy of silence about the truth but there are ways to become better informed. Words: 868

The budgetary and fiscal crisis right now has made many political issues far clearer in people's minds. The debt dilemma is a challenge and an opportunity to set America on a freer and potentially more prosperous track, if the reality of the situation is looked at foursquare in the eye. Otherwise, dangerous, destabilizing, and damaging monetary and fiscal times may be ahead. [Here is how I see the situation and how I would propose solving the inherent problems.] Words: 3518

Our government has grown too big, promised too much and waited too long to restructure. Our fiscal clock is ticking and time is not working in our favor. The Moment of Truth is rapidly approaching. We'll soon know whether Washington policymakers are up to the challenge and whether they will start focusing more of doing their job rather than just keeping their job and on focusing first on their country rather than their party. [To accomplished what is needed] the President and Congressional leaders from both political parties need to be at the table and everything must be on the table in order to achieve sustainable success. [Here's an outline of our country's predicament and how it might be resolved.] Words: 3110

We are being bombarded daily with breathy articles about a United States groaning under deficits that surely signal bankruptcy, Social Security checks that eventually won't clear, and of course a looming financial crisis...Much of this commentary is well written - it certainly is popular - but it is total nonsense. [Let me explain.] Words: 960

A major crisis is coming in the first half of 2011 and it could cause a worldwide financial disaster, global market crashes and the destruction of wealth that will make the popping of the dot-com and housing bubbles feel like a mild inconvenience! Why? Because, quite simply, America is playing a dangerous game of “chicken” with its national debt - and the ramifications are extraordinary. Words: 1475

It is appropriate that the fiscal crisis of the West has begun in Greece, the birthplace of Western civilization. Soon it will cross the channel to Britain. The key question, however, is when that crisis will reach the last bastion of Western power, on the other side of the Atlantic. Words: 609