A cynical look at our financial markets and the governments that support them
As I said almost 2 years ago, the budget cannot be fixed without massively overhauled entitlement programs:
More to the point, those between the ages of 65 in 2010 are expected to take in $333B more in government benefits than they ever paid in taxes:
Read more about the sponging baby boomers in the full economist article here.
Posted in Economics, Politics.
Comments Off on The Entitlement Problem
– October 16, 2012
Round 1 was ugly. Let’s see how Round 2 stacks up:
Posted in Politics.
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– October 16, 2012
World Economic Outlook (WEO): Coping with High Debt and Sluggish Growth – International Monetary Fund
Top German Economists Say Greece Is Lost – SpiegelOnline
Take the plunge: Paradoxically, now may be a good time to launch that start-up – Economist
Small Business Is Not a Job Engine – Bloomberg
World Economy – Financial Times
Jack Welch: I Was Right About That Strange Jobs Report – Wall Street Journal
Where Would the Federal Funds Rate Be, If It Could Be Negative? – Cleveland Fed
California Leading U.S. Out of Housing Bust: Mortgages – Bloomberg
The Myth of Overbuilding – Slate
The next crisis: Sponging boomers – Economist
A Bigger Paycheck on Wall Street – DealBook
IMF Sees European Banks Facing $4.5 Trillion Sell-Off – Bloomberg
Posted in Economics, Markets, Media, Politics.
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– October 14, 2012
Nobody Understands Debt – NY Times (Krugman)
Sept. U.S. jobs up 114,000; jobless rate 7.8% – Marketwatch
Should Workers Be Represented on Corporate Boards? – Slate.com
Currencies: The weak shall inherit the earth – Economist
The problem with high frequency trading – Reuters
Multiplying Europe’s fiscal suicide – Telegraph
CBO Puts 2012 Deficit at $1.1 Trillion – CNBC
GE Capital Said to Near Systemic-Risk Label in Review – Bloomberg
No Joy on Wall Street as Biggest Banks Earn $63 Billion – Bloomberg
Posted in Economics, Markets, Media, Politics.
Comments Off on Noteworthy News – October 8, 2012
– October 7, 2012
Buy the print book in color and get the Kindle version for free along with all examples in a spreadsheet tutorial!
