Archive for June, 2010

Vincent Fernando, CFA and Kamelia Angelova BusinessInsuder.com Jun. 30, 2010 The Congressional Budget Office shows us below how U.S. long-term debt will stabilize and actually be okay, if the government simply does absolutely nothing. Matthew Yglesias argues: See that line where the debt:GDP ratio is stable? That’s what happens under current law. If congress... »

by Michael Pento FinancialSense.com June 30, 2010 If one does not know the real cause of a problem, they should also be unable to provide a genuine solution. Messer’s Obama, Bernanke and Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students of the market... »

by Tyler Durden ZeroHedge.com 06/30/2010 In its just released Long-Term Budget Outlook, the CBO has come out with the most dire warnings on the US projected debt to date. In summary, the healthcare spending and the Social Security will consume an increasing portion of the budget and will push the national debt up sharply... »

by George Washington ZeroHedge.com 06/30/2010 Kartik Athreya of the Richmond Federal Reserve Bank argues that bloggers are stupid, and that only PhD economists have a right to say anything about economics policy. This distinction is a little ridiculous, given that many of the world’s top PhD economics professors are bloggers. And it must be... »

FloridaOilSpillLaw.com UGA SCIENTIST: TOO LITTLE RESEARCH ON GASES AT OIL DISASTER SITE IN GULF, Sunday Paper, June 29, 2010: notes “I have read the reports from NOAA and I have yet to see methane measurements.” She says “the biggest hole is the gas data.”... »

By Michael Smith Bloomberg.com Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil... »

A word to the wise: Great Depression survivors warn to batten down the hatches By Robert Morley TheTrumpet.com Most of your typical economic analysts have never lived through a really tough period of time. For the most part, excluding a couple of short recessions, they have only experienced the good times. To them, a... »

A blizzard of paperwork could be about to hit numismatics. by David L. Ganz NumismaticNews.com A blizzard of paperwork could be about to hit numismatics. Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers... »

Henry Blodget BusinessInsider.com We had Dan Alpert of Westwood Capital on TechTicker this week. He’s not calling for another depression, but he thinks it’s a possibility… Yesterday, economist Paul Krugman said we’re headed for another Depression. The world’s new obsession with “austerity” will kill the global recovery, Krugman says, and plunge the economy into... »

By Mark Thomas WallStreetPit.com Cutting government spending, raising taxes, raising interest rates, and hoping the rest of the world does the same as some have called for is not the answer to the threat of a depression. If people don’t begin to see unemployment falling soon, or some strong signal that employment markets will... »