US Debt to GDP to top 2.4:1

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Earlier this month SB forecast that the US economy would end up having a 2:1 Debt to GDP ratio with its Debt totaling $15 trillion and its GDP falling to $7 trillion. GDP, it was argued, would contract to half its leveraged high water mark product and not soon recover. The slow recovery was in part due [...]

February 20, 2009 - Economy, Markets - 0 Comments

US Recovery to take a Decade or more.

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The work ahead of the US to rebuild the economy to what it once was in the past is going to be an arduous task and take
years and years of recovery time. In a large measure this is because of the wealth lost in the stock market. Consider that the US Domestic stock market [...]

February 18, 2009 - Economy, Markets - 0 Comments

You’d thunk they’d see it coming??

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The US has done it this time–syndicated a global financial crisis through the export of sub-prime loans. But for all of Wall Street’s shamelessness and former Fed Chairman Greenspan’s chutzpah to counsel the US Congress to permit unbridled derivative contract sales so banks could “offload risk,” aren’t investors somewhat to blame? 

August 2, 2008 - Markets, Politics - 0 Comments

Implications of the new bi-partisan bailout plan.

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Congress is at the threshold of passing a new bill to bailout Fannie Mae and Freddie Mac—two publicly traded (shareholder owned) mortgage companies that have access to cheap money from Treasury to guarantee pools of mortgage loans so that they can be resold to investors

July 25, 2008 - Economy, Markets, Politics - 0 Comments

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