Aug 16 2009

Why Budget Deficits Matter: Government at a $1.26 Trillion Budget Deficit for the 2009 Fiscal Year. Three Times as Large as Last Year and we still have Two More Months of Data.

The notion that deficits do not matter is a widely held and deeply ingrained economic philosophy.  This line of thought took a stronghold in the 1980s and has seemed to stick to our ever-growing dismay.  Yet budget deficits do matter if we are looking at an economic horizon that is longer than one fiscal year.  […]

Aug 13 2009

Stock Market Dollar Store: U.S. Dollar Down 12.5 Percent and S&P 500 Up 50 Percent since March. How the U.S. Treasury and Federal Reserve Juice the Stock Market.

Americans have missed one serious correction since the manic stock market took off in March.  Since that time the value of the U.S. dollar, the bedrock of our economic system has fallen a stunning 12.5 percent.  Currencies should not fluctuate this much especially the world’s reserve currency.  Back in December, I talked about how the […]

Aug 11 2009

Financial Brinkmanship: Forcing Americans to Spend and Discouraging Savings. Americans Decide to Save Forced by a New Austerity. Banks Offering Zero Percent on Your Savings Account.

Spending more than you earn is a financially devastating recipe for individuals and nations.  I’ve read countless pop financial books on how to gain and sustain wealth and those that have any substance always emphasize saving your money, spending less than you earn, and being prudent with your funds.  In no book did I ever […]

Aug 9 2009

California Budget Miscalculation: The $60 Billion Budget Gap. Cargo Levels near Decade Lows. Why the Financial Recovery will come last to California.

The largest singular economy in the United States is still facing a fiscal mess.  California is still trying to grapple with the budget deal that is now in place.  The challenging part seemed getting a budget passed but the more challenging aspect of the budget process is enacting the $26 billion in fixes.  Over the […]

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