Posts Tagged ‘ deficit ’

The Fiscal Cliff Gives Republicans a Chance to Save Face

When the US Congress passed the Budget Control Act of 2011, it offered an unwanted final solution to the perennial problem of deficit spending: if Congress could not agree on a plan to reduce the budget, then automatic spending cuts and tax increases would do it for them. The deal was designed to compel an agreement between the parties by...
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Kondriatiev, Obama and The Last Nail (pt 2 of 3)

Kondriatiev, Obama and The Last Nail (pt 2 of 3)

(Continued from Part 1) The Meaning of Money By 2006 I had recently arrived in Silicon Valley and was doing okay for myself in a online marketing job. Making a good salary, it was still impossible for me to buy the most humble of converted rental one-bedroom apartments in the area. It reminded me of my...
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Posted in Collapse, Financial, OP/ED | 1 Comment »

The Fake Bull Market: A Dollar Mirage

The Fake Bull Market: A Dollar Mirage

José Tomás The SP 500 hit an apocryphal low during the financial crisis of 666 in March of 2009 from which point it has surged to more than double in price in about two years. This bull market is one of the most robust in  US equities history; its only rivals are the end...
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